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, with a median price of $713,000 and an average price of $717,667. This neighbourhood sits notably more affordable than the city of Montréal as a whole, where the median triplex price over the trailing twelve months across 169 sales reached $883,000—placing Montréal-Nord at 19.3 percent below the citywide median. This significant price differential reflects the neighbourhood's positioning within the broader metropolitan real estate landscape and offers buyers seeking triplex properties a more accessible entry point compared to other areas of Montréal. The average time on market for triplex sales in Montréal-Nord during May 2025 was 63 days, indicating a moderate pace of transaction completion. This timeframe suggests a market that neither moves with exceptional urgency nor shows signs of extended inventory challenges. Properties in this neighbourhood appear to find buyers within a reasonable two-month window on average, reflecting relatively balanced conditions for both listing and purchasing activity during this period. Among the nine documented sales, the average sale-to-asking price ratio stood at 0.981, meaning that across these transactions, properties sold at approximately 98.1 percent of their asking price on average. This ratio, calculated from the recorded sales, indicates that buyers in this segment held modest leverage during negotiations, with most properties selling slightly below their initial listing price. This pattern reflects typical market dynamics where neither buyers nor sellers held overwhelming negotiating position. The building stock in Montréal-Nord's triplex market shows a distinctive profile: one hundred percent of the nine sales involved properties built before 1980, with no transactions recorded for structures built between 1980 and 2010, and none from after 2010. This composition underscores that the triplex market in this neighbourhood consists entirely of older residential stock, a characteristic that shapes both property characteristics and buyer considerations. Buyers evaluating properties in this market should note that 78 percent of the nine documented sales were concluded without a legal warranty of quality—a common occurrence in real estate transactions that typically prompts standard due diligence practices such as professional home inspections and customary title and property verifications. For buyers, this market offers affordability relative to the city, though the older building stock warrants thorough inspection practices. For sellers, the moderate days-on-market figure and near-asking sale prices suggest straightforward market conditions without artificial delays or severe price pressure. To explore current valuations and market trends in Montréal-Nord's triplex segment, consider using an automated real estate estimator for updated insights.