In 2026, listings for parking spaces for rent in Montreal range from about $70 a month in a Villeray backyard to $350 in a downtown underground garage. For buyers, the only public statistic, a 2018 JLR study, put the median at $33,000 on the island and $54,000 in the Ville-Marie borough, which covers downtown but also Old Montreal and Centre-Sud. Building an underground space costs a developer about $60,000, according to estimates cited by Vivre en Ville.
Should you buy the space with the unit, rent one or learn to do without?
In this guide, you will learn:
- what it costs to rent a parking space in 2026, neighbourhood by neighbourhood;
- what parking spaces sold separately are worth, and why the official figure is out of date;
- what the resident parking sticker and on-street parking cost in 2026, borough by borough;
- the difference between a space held as a private portion and a right of use;
- how to decide whether buying parking makes financial sense for your condo.
Renting a parking space in 2026
It is the only parking market where prices can be read in real time. It is also the first question from clients buying a condo in Montreal without parking. On September 24, 2026, we found 32 listings for parking spaces for rent on the island, all posted on Kijiji. This sample from a single source gives an order of magnitude, not an official rate:
| Type of space | Areas | Listed monthly rent |
| Outdoor, backyard or private driveway | Villeray, La Petite-Patrie, Centre-Sud, Ahuntsic, Montréal-Nord | $70 to $130 |
| Outdoor, Plateau-Mont-Royal | Around Parc Laurier and Saint-Denis Street | $140 to $180 |
| Indoor, central neighbourhoods | Little Italy, Plateau, Little Burgundy, Cité du Multimédia, Old Montreal, Nuns’ Island | $190 to $275 |
| Underground, downtown | Golden Square Mile, Bell Centre, Tour des Canadiens | $250 to $350 |
Parking operators publish similar rates. An unlimited monthly pass at Indigo costs $252.30 at Place du Quartier or Théâtre St-Denis. It rises to $312.29 at Cité internationale. On the City side, some boroughs sell a monthly on-street sticker: $133 on the Plateau, $120 in Le Sud-Ouest (Griffintown and Pointe-Saint-Charles), $100 in Outremont.
A space that rents for $300 a month brings in $3,600 a year. Capitalized at 5% to 6%, it is worth $60,000 to $72,000. That is the most honest way to estimate the price of a downtown parking space today.
Purchase price of a parking space
Parking spaces sold on their own escape the statistics. Centris and Realtor.ca have no category for them. Most of these sales are made privately, between co-owners. The only public study on the subject comes from JLR, which compiled deeds from the Québec land register from 2013 to 2018. Each year, about 300 spaces changed hands without the condo unit that goes with them. Here is what they sold for in 2018:
| Area | Median price of a space (2018) |
| Greater Montreal | $28,168, up 37% since 2013 |
| Off the island | $12,500 |
| Island of Montreal | $33,000 |
| Ville-Marie borough | $54,000 |
| Tour des Canadiens | $77,500; some spaces exceeded $100,000 |
These figures are eight years old. They serve as a floor, not an up-to-date benchmark. Since then, condo values on the island have kept rising, and the number of parking spaces per dwelling has been capped in new downtown projects. The $250 to $350 monthly rents observed downtown in 2026 point to values of roughly $50,000 to $84,000 once capitalized at 5% to 6%. When a client asks us what their space is worth, we start from three benchmarks: the last comparable sale in the building, the rent it would bring in and the cost of a new space.
A downtown parking space is often worth more than the minimum down payment on a first condo.
What does it cost to build an underground garage?
What a developer charges for a space first covers what the garage cost them. According to Victoria Transport Policy Institute estimates cited by Vivre en Ville, a surface space costs about $15,000. In a multi-storey structure, it rises to about $50,000. Underground, it reaches about $60,000, plus $600 to $1,200 a year in maintenance. These are orders of magnitude that vary by project and year of construction. Two spaces take up roughly the floor area of a one- or two-bedroom unit.
That is why new condo projects sell the parking space separately. The price reflects the cost of the excavated basement, the concrete and the ventilation, which the developer seeks to recover.
On-street parking: stickers and parking meters in 2026
For many Montrealers, the garage is the street. The reserved resident parking sticker (SRRR) is set by each borough, and the gap from one neighbourhood to the next is surprising. In 2026, according to the City of Montréal, the base rate for a first vehicle is $62.09 a year in Ville-Marie and $130.57 in Mercier–Hochelaga-Maisonneuve. In Plateau-Mont-Royal, it rises with the vehicle’s weight, from $256.39 to $512.79. A second vehicle costs much more: $708.25 on the Plateau, $366.82 in Mercier–Hochelaga-Maisonneuve. These rates change every year and vary by plate type.
Paid on-street parking is managed by the Agence de mobilité durable. Since February 1, 2026, it costs between $2.50 and $4.25 an hour: $4.25 in Ville-Marie and on the Plateau, $4.00 in the Angus area of Rosemont, $3.50 in Outremont, $2.50 in LaSalle. At a few hours a day, the monthly bill climbs quickly.
What drives the price of parking
- Location: Ville-Marie and the Plateau concentrate demand and offer the least space. In the suburbs, a space costs a fraction of the price.
- Indoor or outdoor: a heated, secure underground space sheltered from the snow is worth more than a surface space behind the building.
- Scarcity in the building: when a project has one space for every two units, the space resells for more than in a building with one per unit.
- EV charging: a space already wired for an electric vehicle is in demand. Adding a charging station in a condo garage requires the syndicate’s approval.
- Regulations: in Ville-Marie, the maximum number of parking spaces is reduced to 0.5 per dwelling for new construction, in line with the 2050 Urban Planning and Mobility Plan. Fewer new spaces means demand shifts to existing ones.
Condo parking: private portion or right of use?
Two units with “parking included” do not offer the same thing. In some buildings, the space is a private portion with its own lot number in the cadastre. It has its own tax bill and can be sold or rented separately from the unit, subject to the declaration of co-ownership, which often restricts sales to co-owners in the building. Its transfer also triggers transfer duties (the welcome tax).
In other buildings, the space is a common portion for restricted use. It belongs to all the co-owners. You have exclusive use of it, but in principle you cannot sell it without the unit.
The declaration of co-ownership and the certificate of location settle the question. The price follows: a transferable space is worth more than a right of use. Before you sign a promise to purchase, we review these documents with you, along with the rest of the condo costs to calculate at purchase.
Buying a parking space with your condo: is it worth it?
The answer depends on how you use it and on your time horizon. If you drive every day, the space saves you the sticker, the hunt for a spot and the tickets. It also supports the market value of your condo at resale, because many Montreal buyers rule out units without parking from the start. If you rarely drive, a $50,000-plus space is tied-up capital that earns nothing, unless you rent it to a neighbour, which the declaration of co-ownership must allow.
Three calculations to make before deciding:
- the total cost: the price of the space, transfer duties on that price (whether it is bought alone or with the unit), and the share of condo fees and municipal taxes attributable to it;
- the cost of the alternatives: a resident sticker, car-sharing, public transit or a rented space near home, listed at $70 to $350 a month depending on the neighbourhood;
- the resale value: in an area where new spaces are capped, the space can gain value. In a building where every unit has its own, it resells at the going rate.
Torn between two units, one with a garage and one without? A real estate broker on our team compares both scenarios with you as part of our buyer support in Montreal. The welcome tax that the space adds to the bill is part of the calculation.
A condo with or without parking?
Tell us about your project: we help you evaluate the space, the condo and the neighbourhood before you make an offer.
FAQ: parking prices in Montreal
What is the average price of a parking space in Montreal?
The JLR study based on the land register put the median at $33,000 for a space sold separately on the island in 2018, and $54,000 in the Ville-Marie borough. Nothing more recent exists. In 2026, we therefore cross-check three benchmarks: the cost of a new underground space, about $60,000; downtown rents of $250 to $350 a month, or about $50,000 to $84,000 capitalized at 5% to 6%; and the last sale in the building.
How much does a resident parking sticker cost in Montreal in 2026?
The price is set by each borough and changes every year. In 2026, the base rate for a first vehicle is $62.09 a year in Ville-Marie and $130.57 in Mercier–Hochelaga-Maisonneuve. In Plateau-Mont-Royal, it ranges from $256.39 to $512.79 depending on the vehicle’s weight. A sticker bought between April and June, valid until September 30, costs about half. Depending on the borough, discounts are available for low-income residents, people 65 and over, and green-plate vehicles.
How much do parking meters cost in Montreal in 2026?
Since February 1, 2026, paid on-street parking costs $4.25 an hour in Ville-Marie and Plateau-Mont-Royal, according to the Agence de mobilité durable. The rate is $4.00 in the Angus area, $3.50 in Outremont and $2.50 in LaSalle or in the eastern part of the central zone. You pay at the meter or with the Mobicité app.
Can you buy a parking space without buying a unit?
Yes, when the space is a private portion with its own lot in the cadastre and the declaration of co-ownership allows it. The declaration often restricts sales to co-owners in the building. The space is then sold by notarial deed, with transfer duties calculated on its price, and it has its own tax bill. If the space is a common portion for restricted use, it is attached to a condo and cannot be sold on its own. The declaration of co-ownership specifies which of the two situations applies.
Does parking increase a condo’s resale value?
In central neighbourhoods, a unit with a garage generally sells faster and attracts more buyers, because many of them rule out units without one. The price difference at resale varies by building and area. We measure it with comparable sales in the same building or on the same street when setting your price.
Can you rent your parking space to someone else?
Often, yes, but the declaration of co-ownership may restrict rentals to occupants of the building or require the syndicate’s approval. A space held as a private portion is easier to rent out than a right of use on a common portion. In 2026, indoor spaces in central neighbourhoods are listed at $190 to $275 a month and downtown spaces at $250 to $350. Check the building’s by-laws before posting a listing, and declare the income.
Do you have to pay the welcome tax on a parking space?
Yes. When the space is a separate lot transferred by notarial deed, transfer duties are calculated on the price paid or on the assessment roll value adjusted by the comparative factor, whichever is higher. When the space is sold with the condo in a single deed, its price is included in the tax base. Our welcome tax calculator gives you an estimate based on the total price.
Can you install an EV charging station in a condo garage?
In most buildings, installation requires the syndicate’s authorization, because it affects the common electrical system. Recent buildings increasingly provide the wiring in advance. A space already equipped with a charging station is in demand, so ask for the details before making an offer.
Ready to buy your condo in Montreal?
The Steve Rouleau Team helps you choose the neighbourhood, review the co-ownership documents and negotiate.
