What is a plex and how does it affect my home search in Montreal?

A plex is a multi-unit residential building common across Montreal, ranging from a duplex with two units to a quintuplex with five. Many Montreal buyers purchase a plex to live in one unit while renting out the others to offset the mortgage. These properties are a distinct asset class with their own pricing, financing rules, and management responsibilities. If you are considering one, see whether it is worth using a real estate agent in Montreal for guidance.

Plexes are typically appraised differently than single-family homes, and lenders look at rental income when calculating what you can borrow. An agent who specializes in income properties will know how to evaluate the quality of existing leases and project future rental income accurately. Find a real estate agent in Montreal experienced with plex properties.