MTRPL

What MTRPL does

MTRPL is a privately held, Montreal-based real estate company founded in 2016 that acts as principal, developer, and manager of retail-centric mixed-use urban assets in Quebec. The company invests in transit-oriented locations along established retail corridors in high-density neighborhoods — Plateau Mont-Royal, Mile End, Little Italy, Saint-Henri, Vieux Longueuil, Petite Laurier, downtown Peel, and Kirkland — targeting properties that combine heritage character with proximity to metro stations, university campuses, and high foot-traffic zones. Its portfolio includes roughly 11 identified assets aggregating approximately 200,000+ sq.ft of commercial space plus residential loft product (Parthenais Lofts, Duluth Lofts).

The revenue model is recurring net-lease rental income from office (typically $17-$22 CAD NNN/SF/YR base rent plus $10-$16 NNN/SF/YR in additional charges), retail ($30-$50 CAD NNN/SF/YR for ground-floor space), and residential loft units, billed annually. Pricing varies materially by submarket: small Vieux Longueuil offices at the low end and turn-key Plateau retail at the high end. Tenant acquisition is conducted directly through the company's website, phone, and email ([email protected], 514-447-8048), supplemented by LoopNet marketplace listings for commercial product and organic social channels (Instagram, Facebook, LinkedIn).

The customer base spans national retail tenants (Uniqlo, Dollarama, SAQ, Pet Valu, Bulk Barn, Couche-Tard, Pharmaprix, EQ3), F&B operators (Café In Gamba, Allo Mon Coco, Fraîchement Bon, Stem Bar, Bar Renard, Jack le Coq), telecommunications (TELUS, Beanfield), financial services (RBC, Desjardins, Hays, Edelman), technology firms (ESI Technologies, Introspect Technology, Commsoft, Aerial), professional services (Innocap, Cowater, Groupe MCE), government (Ville de Montréal), education (McGill University), and the provincial cannabis retailer (SQDC). No AI/ML, proprietary technology platforms, patents, formal partnerships, funding rounds, or leadership disclosures were identified in the source material.

Name

MTRPL

Legal name

MTRPL

Website

https://mtrpl.ca

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

MTRPL is a Montreal-based, privately held principal real estate company founded in 2016 that acquires, develops, and manages retail-centric mixed-use commercial and residential properties in transit-oriented, high-density Montreal neighborhoods, leasing to a diverse mix of national retail, office, and residential tenants.

Ownership category

akta.pro rank

Headquarters

HQ city

Montréal

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. Commercial Real Estate Leasing: MTRPL generates revenue through leasing commercial office and retail spaces across their mixed-use properties in Montreal. Properties include office loft spaces ranging from 300 sq.ft to 90,000 sq.ft and retail spaces ranging from 1,000 to 21,000 sq.ft. Revenue is generated through net lease arrangements where tenants pay base rent plus additional charges (NNN).
2. Residential Real Estate Leasing: MTRPL leases residential lofts and apartments as part of their mixed-use development strategy. Properties include Parthenais Lofts, Duluth Lofts, and units at 4225 NDO and various Laurier Est addresses.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

MTRPL is a principal-based real estate company that invests in, develops, and manages retail-centric mixed-use urban properties in Montreal. The company leases commercial office and retail space ranging from 300 sq.ft to 90,000 sq.ft, as well as residential lofts and apartments, across heritage and modern buildings in transit-oriented neighborhoods.

Product overview

MTRPL is a Montreal-based real estate development company founded in 2016, specializing in retail-centric mixed-use urban development. The company offers a portfolio of commercial properties for office and retail lease, as well as residential units. Commercial offerings include Les Cours Mont Royal (downtown retail/office), 4446 Saint Laurent (Plateau loft office), 7001 Saint Laurent (Little Italy heritage), 32 & 50 SCO (Vieux Longueuil offices), and 100-120 du Barry (Kirkland commercial center). Mixed-use properties include 4225 Notre Dame O. and Petite Laurier buildings. Residential offerings feature Parthenais Lofts and Duluth Lofts in Plateau Mont Royal. The company focuses on transit-oriented development along retail corridors in high-density urban neighborhoods.

Differentiator

Problem solved

Functional benefit

Products and services

• Les Cours Mont Royal Premium commercial shopping center and office space located in downtown Montreal on Peel Avenue, offering 1,500-21,000 sq.ft of retail and office space for lease.
• 4446 Saint Laurent 90,000 sq.ft commercial loft office building at the intersection of Saint Laurent Boulevard and Mont Royal Avenue in the Plateau, offering office space from 850-6,000 sq.ft at $17.00 NNN psf base rent plus $16.00 estimated additionals. Features proximity to Mont Royal Metro and mountain views.
• 7001 Saint Laurent 30,000 sq.ft heritage building offering 2,300-10,000 sq.ft of loft-style office space at $22.00 CAD/SF/YR NET and 7,000 sq.ft of retail at $30.00-$35.00 CAD/SF/YR NET, with $10.00/SF/YR additional rent. Located in Little Italy/Mile Ex neighborhood, adjacent to Jean Talon Market.
• 100-120 du Barry Commercial centre located in Kirkland, Quebec, offering retail space for lease, listed via LoopNet.
• 32 & 50 Saint Charles O. Two commercial buildings comprising 30,000 sq.ft in Vieux Longueuil offering small and medium-sized office space ranging from 300-4,500 sq.ft, near Universit\u00e9 de Sherbrooke campus and Sherbrooke Metro.
• 4225 Notre Dame O. Three-storey residential and retail building offering 2,000 sq.ft + 3,800 sq.ft of retail space (RDC $40.00 CAD/SF/YR NET, SS $10.00 CAD/SF/YR NET) and 28 apartments, located adjacent to Lachine Canal and Saint Henri Metro.
• Parthenais Lofts Residential lofts available for lease through MTRPL.
• Duluth Lofts Residential lofts for lease in Plateau Mont Royal neighborhood.
• 1487-1489 Laurier Est Heritage mixed-use building in Plateau Mont Royal featuring 1,000 sq.ft of turn-key retail space at $50.00 CAD/SF/YR NET with full build-out included, plus 4 apartments.
• 1397 Laurier Est Mixed-use property in Petite Laurier offering apartments and commercial space for rent.
• 1258 Laurier E. Mixed-use property in Petite Laurier offering residential and commercial space.

Quantifiable outcome

• Properties located in neighborhoods with established food and beverage scenes, technology nodes, and university campuses
• +1 more outcomes

Named customers58 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• RioCan REIT: One of Canada's largest REITs with a significant retail and mixed-use urban portfolio. Comparable in its mixed-use and retail leasing business, though at much greater scale and with a national footprint including major Greater Montreal holdings.
• Plaza Retail REIT (now part of H&R REIT / slate of restructured entities): Canadian REIT historically focused on retail strip plazas across Canada. Comparable to MTRPL's retail-leasing income stream at scale, though with a national footprint and public REIT structure.
• FCR / First Capital REIT: Canadian REIT focused on open-air urban and grocery-anchored retail properties. Comparable to MTRPL's retail leasing operations at a national scale, though operating as a publicly traded REIT rather than a private principal.

Regional players

• Groupe Sélection: Quebec-based developer/operator with significant Montreal and Quebec mixed-use and retirement residential exposure. Comparable as a Quebec mixed-use owner-operator with portfolio scale, though with material focus on retirement residences.
• Cogir Real Estate: Quebec-based real estate manager and developer with significant residential and mixed-use assets in Greater Montreal. Comparable as a Quebec property owner-operator, though with primary emphasis on residential and senior housing.

Direct peers

• Broccolini: Quebec-based real estate developer with significant industrial, commercial and mixed-use activity in the Montreal region. Comparable as a Montreal mixed-use and commercial developer; operates with broader asset class diversity and larger development pipeline.
• Prével: Montreal-based real estate developer focused on residential and mixed-use projects in the city's urban core. Comparable to MTRPL in its urban Montreal mixed-use development philosophy and emphasis on neighborhood-driven design.
• Carbonleo: Montreal-based mixed-use developer behind projects like Royalmount. Comparable to MTRPL in its focus on retail-centric, transit-oriented mixed-use urban development in the Greater Montreal area, though at substantially larger project scale.
• Tobi (Tobias): Montreal-based real estate developer active in Plateau Mont Royal and surrounding urban neighborhoods. Direct comparable to MTRPL given similar focus on mixed-use and boutique residential in Montreal's central neighborhoods.
• Devimco: Major Quebec-based mixed-use and urban real estate developer active in Montreal and surrounding markets. Directly comparable to MTRPL as a Montreal-focused mixed-use developer, though operating at materially larger scale and broader asset class scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xinstagram.com/mtrpl.ca/?hl=en
• Facebookfacebook.com/MTRPL
• LinkedInlinkedin.com/company/mtrpl
• Instagraminstagram.com/mtrpl.ca/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MTRPL