2421 Rue Allard · Fourplex

2421 Rue Allard is a 4-unit fourplex in Montréal, QC, asking $699,000 — $174,750 per door.

That sits below the Montreal band of $190k - $340k per door. A price under the band usually means condition, location, or an in-place rent roll well below market — confirm which before treating it as a discount. 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.