La Cité-Limoilou plex market — May 2026
Based on 5 actual sales · CourtiConnect
Market context: plex in La Cité-Limoilou
The plex market in La Cité-Limoilou recorded five sales in May 2026, establishing a median price of $650,000 and an average price of $757,000 for the segment. This neighborhood remains notably more affordable than the broader Québec market, trading at 13.3 percent below the city's median plex price of $750,000 over the trailing twelve months, which was derived from 118 documented sales across all of Québec. The six-month price trend in La Cité-Limoilou shows a decline of 7.0 percent, reflecting moderate downward pressure in this segment during the recent period. The average time on market for plex properties in this neighborhood stood at 42 days, indicating a moderately paced sales cycle. This timeframe suggests that properties are neither moving with exceptional urgency nor experiencing extended holding periods, pointing to a relatively balanced market rhythm where buyer interest emerges over a reasonable but not compressed timeline. Properties typically remain visible to potential purchasers for more than five weeks before closing, allowing for deliberate consideration and due diligence by serious buyers. The sale-to-asking price ratio across the five documented transactions was 0.968, meaning that properties sold on average at approximately 96.8 percent of their listed asking prices. This figure reveals that sellers held modest pricing power in May 2026, with buyers generally negotiating modest reductions from initial asking prices rather than driving values upward. The data across these documented sales demonstrates a slight buyer advantage in negotiation, though the gap remains narrow enough to suggest relatively balanced market conditions between supply and demand. The building profile within this sample shows that all properties sold were constructed before 1980, representing aging housing stock typical of inner-city Québec neighborhoods. These older plex buildings reflect the area's long-established residential character and require standard buyer attention to structural, mechanical, and systems integrity during any acquisition process. Among the five sales completed, 80 percent concluded without a legal warranty of quality. Buyers acquiring properties in La Cité-Limoilou should proceed with customary inspection protocols and professional assessments to verify property condition, systems functionality, and compliance with applicable standards—standard precautions any purchaser would undertake regardless of warranty status. For a buyer, La Cité-Limoilou offers plex properties at a meaningful discount relative to city-wide medians, though price momentum has contracted recently. For a seller, realistic pricing aligned with the current 7.0 percent downtrend will be essential to market properties effectively within the observed 42-day timeframe. To explore plex valuations in La Cité-Limoilou based on current market conditions, consider using a current market estimator tailored to this neighborhood and segment.