225-227 Rue St-Paul O. · Fourplex

225-227 Rue St-Paul O. is a 4-unit fourplex in Montréal, QC, asking $3,500,000 — $875,000 per door.

That sits above the Montreal band of $190k - $340k per door. A price above the band has to be earned by rents, condition, or upside that the listing has not yet shown. Montreal cap rates screen 4.8% - 6.2% against average rent near $1,850 a door.

At 4 units this finances as residential, not commercial — MLI Select starts at five units. The qualifying rate still applies: federally regulated lenders test a 1–4 unit rental at the greater of your contract rate plus two points or 5.25%.

Montreal remains a compelling income-market candidate, with better yields offset by Quebec-specific lease and regulatory diligence. Investor demand reads high, vacancy tight.