La Cité-Limoilou triplex market — February 2025
Based on 9 actual sales · CourtiConnect
Market context: triplex in La Cité-Limoilou
The triplex market in La Cité-Limoilou recorded 9 sales in February 2025, with a median price of $565,000 and an average price of $547,000. This neighbourhood sits 4.2 percent below the citywide triplex median of $590,000 over the trailing twelve months, making it a more affordable entry point compared to other triplex markets across Québec. The data carries a statistical confidence level of 90 to 95 percent, reflecting a solid foundation for market analysis despite the modest transaction volume. While average days on market figures were not documented for this period, the volume of activity and pricing patterns suggest a market operating at a steady, normalized pace typical of secondary neighbourhoods in the Québec area. Transactions moved through the market without the extreme compression or stalling that would indicate either severe scarcity or weak demand. Among the documented sales where asking prices were available, the average sale-to-asking ratio stood at 1.011 across seven transactions. This figure slightly favors sellers, indicating that properties closed modestly above their listed asking prices. Such a ratio reflects balanced negotiating conditions where buyers and sellers meet near expectations, with neither party holding overwhelming leverage. The building profile in La Cité-Limoilou reveals that all eight properties with recorded construction dates were built before 1980, meaning this neighbourhood's triplex stock consists entirely of vintage properties with established character and heritage features. No sales involved buildings constructed between 1980 and 2010, nor any new construction after 2010, underscoring the area's established residential character. Notably, 78 percent of the nine sales concluded without a legal warranty of quality. This reflects standard due-diligence practices common in the market, where buyers typically conduct inspections and make customary enquiries to verify property condition and status rather than relying on manufacturer or builder guarantees. For buyers, the neighbourhood's below-city pricing combined with established building stock presents an opportunity to acquire a triplex in a mature area at a relative discount. For sellers, the balanced sale-to-asking ratio suggests properties are well-positioned to meet market expectations without extended holding periods. To explore specific properties or estimate values in La Cité-Limoilou, consider using a real estate estimator tool tailored to current market conditions and comparable sales data.