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Income properties · Repentigny and Lanaudière

How much is my plex worth in Repentigny?

An income property isn't valued like a house. Its value depends on its income, expenses and the market. Get an accurate picture, prepared by a broker, in 24 hours.

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Value analysis — your plex Delivered in 24 h
Annual income reviewed✓
Operating expenses✓
Condition and renovations✓
Sold comparables in the area✓
Estimated market valueYour report
The real answer

Why a plex isn't valued like a house

When valuing a single-family home, we look mostly at comparable properties sold in the area. For a plex, it's different: an income property is judged first on what it generates. Two identical plexes side by side can have very different values depending on their rental income, expenses and the condition of their units. That is why a number thrown out over the phone, without having seen your real income and your building, means nothing.

The only way to know your plex's true market value is a complete analysis that accounts for income, expenses, the building's condition and comparable buildings sold recently in your area.

What determines the value

The factors that matter for an income property

1
Rental income
Current rents and the building's income potential are at the heart of its valuation. A well-rented plex is worth more than one with below-market rents.
2
Operating expenses
Taxes, insurance, maintenance, energy: the building's real expenses directly influence its profitability and therefore its value.
3
Condition and renovations
The roof, foundation, plumbing, electrical and improvements made over the years play an important role in your plex's value.
4
Sold comparables
Similar income properties sold recently in your area give a real reference point on the current market.

Get the analysis of your plex's value

I prepare a complete analysis of your building's market value, accounting for your income, expenses and the market. Free and no commitment.

Book my free analysis
Frequently asked questions

What plex owners ask us

How much is my plex worth in Repentigny?+
A plex's value depends on its rental income, operating expenses, the building's condition and comparable buildings sold recently in the area. Unlike a house, an income property is judged first on its profitability. The only way to get a reliable number is a complete analysis after seeing your real income and your building.
Is the analysis of my plex free?+
Yes. The analysis of your building's market value is free and comes with no commitment. It accounts for your income, expenses, the building's condition and sold comparables. You don't have to list your plex for sale to benefit from it.
Why does a plex's value differ from a house's?+
Because a plex is an investment that generates income. Its value rests on its profitability, rents and expenses, whereas a single-family home is valued mostly by comparison with other homes sold. Two identical plexes can have different values depending on their real income.
Do I need to provide my income and expenses for the analysis?+
Ideally, yes. The more information I have on the rental income and real expenses of the building, the more precise the analysis. Without these figures, I can still establish a range based on comparables and typical rents in the area, but a full picture of income and expenses gives the most accurate result.
Do I have to want to sell to request an analysis?+
No. Many owners request an analysis simply to know the current value of their building, to plan, refinance or assess their assets. The analysis is free and comes with no commitment, whether you are ready to sell or not.
What types of buildings do you analyze?+
I analyze residential income properties: duplexes, triplexes, quadruplexes and small multi-unit buildings in Repentigny and throughout the Lanaudière region. Each analysis is tailored to the building's type and size.
Samuel Gendron, residential real estate broker · eXp Realty · OACIQ licence J5606 · Repentigny and Lanaudière region
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