Income properties
The plex: 2 to 4 units.
Duplex, triplex or fourplex: up to 4 units, a plex is still a residential building. It is financed like a house and, in most cases, its value is compared with similar sales in the area.
Plexes
Three formats, one world.
2
Duplex
Two units in the same building. You can live in one and rent out the other.
3
Triplex
Three units. The rents count in your budget, but the financing stays residential.
4
Fourplex
Four units: the last step before the multiplex and the commercial world.
1 to 4 units or 5 and more
Two different worlds.
1 – 4Residential
- Financing
- Residential financing
- Market value
- In most cases, based on the value of the building, compared with similar sales
- Brokerage
- Residential licence
5 +Commercial
- Financing
- Commercial financing
- Market value
- In most cases, based on the building's income
- Brokerage
- Commercial licence: Vanessa holds both
Before you buy
What we check in a plex.
- 1The amount of the rents and the details of the current leases
- 2The Declarations by the seller, mandatory for a building with fewer than 5 units
- 3A full inspection by a building inspector
- 4An up-to-date certificate of location
Do you own a plex?
Vanessa pulls the comparable sales in your area and gives you a complete report on the value of your building.
Sources
Information checked on October 18, 2026 with the sources below.
- OACIQ, Brokerage contract to purchase (fewer than 5 units) and visit sheets
- OACIQ, Declarations by the seller
- Centris, residential and commercial licences
General information: it does not replace legal, tax or financial advice.