La Cité-Limoilou plex market — June 2025
Based on 8 actual sales · CourtiConnect
Market context: plex in La Cité-Limoilou
The plex market in La Cité-Limoilou recorded eight sales in June 2025, establishing a median price of $717,500 and an average price of $665,500. This neighbourhood sits notably above the broader Québec plex market, commanding a median that is 11.8 percent higher than the city-wide median of $642,000 over the trailing twelve months, which was based on 66 documented transactions. This premium positioning reflects the relative desirability and characteristics of La Cité-Limoilou's housing stock within the larger urban context. The average time on market for plexes in this neighbourhood reached 39 days, indicating a measured pace of sales. This timeframe suggests a reasonably balanced market dynamic where properties remained visible to potential buyers for over a month on average before finding a purchaser, neither rushing to sale nor languishing in extended listing periods. Such a duration typically reflects the deliberate nature of plex acquisition, where buyers conduct thorough inspections and due diligence before committing to multi-unit residential investments. Among the seven documented sales with recorded asking and sale prices, the average sale-to-asking ratio stood at 0.958, meaning that homes sold at approximately 95.8 percent of their listed asking price on average. This figure signals a modest seller advantage, as properties did not systematically sell above asking, yet the ratio remained quite close to parity, suggesting neither pronounced buyer leverage nor aggressive price reductions. The slight gap below unity implies that sellers exercised some pricing discipline while buyers maintained negotiating capacity. The building profile in La Cité-Limoilou reveals a notably aged housing stock. Over seven documented sales, 100 percent of plexes dated from before 1980, with zero percent falling into the 1980–2010 or post-2010 construction periods. This composition underscores the neighbourhood's character as an established residential area with heritage and period architecture, a trait that typically carries both appeal and implications for potential renovation or maintenance requirements. A significant consideration for prospective buyers involves the legal warranty landscape. Seventy-five percent of the eight recorded sales in June 2025 concluded without a legal warranty of quality. Buyers acquiring plexes in this context should ensure they undertake standard due diligence procedures, including thorough building inspections, systems assessment, and legal reviews to understand the condition and obligations associated with the property. For buyers, the premium positioning and aged stock profile suggest that financial and technical preparation are essential before entering negotiations. For sellers, the steady sales pace and near-asking-price achievement indicate a receptive market willing to value well-presented properties appropriately. To explore current valuations and market conditions in La Cité-Limoilou more deeply, consider using a professional real estate estimator tailored to this neighbourhood's dynamics.