Montréal-Nord triplex market — May 2025
Based on 9 actual sales · CourtiConnect
Market context: triplex in Montréal-Nord
The triplex market in Montréal-Nord recorded nine sales in May 2025, establishing a median price of $713,000 and an average price of $717,667. This neighbourhood sits notably below the broader Montréal market, where the median triplex price over the trailing twelve months reached $883,000 across 169 documented sales, placing Montréal-Nord at 19.3 percent below the city-wide median. This differential reflects the neighbourhood's positioning within Montréal's real estate geography and offers buyers and sellers relevant context for evaluating value in the current transaction environment. The average time on market for these sales reached 63 days, a figure that characterizes a moderate pace of transaction activity. This timeframe suggests that properties in Montréal-Nord's triplex segment neither move with particular urgency nor linger extensively before finding a buyer, reflecting a relatively balanced market dynamic where neither supply nor demand demonstrates pronounced dominance over the other during this period. Among the nine documented sales, the average sale-to-asking price ratio stood at 0.981, indicating that properties sold at approximately 1.9 percent below their asking prices on average. This metric, compiled from the nine recorded transactions, reveals a modest seller concession pattern and suggests that buyers retained mild negotiating leverage, though the ratio remains close to parity and points to a market where listing prices and final selling prices aligned fairly closely. The building profile in Montréal-Nord's triplex market is notably homogeneous: all nine properties in this sample were constructed before 1980, with no sales recorded for structures built between 1980 and 2010, nor any built after 2010. This concentration underscores that the neighbourhood's triplex supply consists entirely of older housing stock, a characteristic that shapes both the physical condition expectations and the renovation considerations relevant to purchasers evaluating properties in this segment. When reviewing triplex acquisitions in Montréal-Nord, buyers should note that 78 percent of the nine documented sales were concluded without a legal warranty of quality. This is a standard due-diligence consideration in real estate transactions, and prospective purchasers typically conduct property inspections and complete their customary verification checks to satisfy themselves regarding building condition and systems prior to closing. For buyers, the older housing stock and below-city-average pricing create an opportunity to enter the triplex market at a value point relative to Montréal as a whole. For sellers, the moderate marketing timeframe and near-parity sale-to-asking ratio suggest realistic pricing opportunities in a neighbourhood where buyer interest remains present and steady. To estimate current market values for specific properties in Montréal-Nord's triplex segment, consider using the neighbourhood estimator tool, which incorporates recent transaction data and local market conditions.