Every day, hundreds of properties change hands in Quebec, most without knowing the details. That was before we got interested… Here are the latest deals that caught our eye.
A massive residence in Montreal’s split Westmount borough has just sold for the tidy sum of $11.5 million to two newly formed trusts.
Built in 1948, 118 Upper Bellevue Avenue offers a living area of 340 m2 on several floors with a bird’s eye view of the surrounding area, on a plot twice as large (719.40 m2) near the municipal park. Summit Circle.
The seller, Carrie Kastner, bought this property in the summer of 2014 from Garimdev Investments, a company owned by her general contractor husband, Garry Garbarino. The transaction was concluded at the time for $3.9 million. Garimdev had bought this same house two years earlier for $2,150,000.
At the last appraisal record, this property was assigned a value of $5,695,100. This is an increase of $1.5 million or 35%, compared to its previous value ($4,187,600).
A transfer tax of $170,843, payable to the City of Westmount, is added to the purchase price for buyers.
– With the contribution of Philippe Langlois and Nicolas Brasseur, Bureau of Investigation
Excerpt from the weekly real estate column of diary If you know of an interesting transaction, please do not hesitate to report it email@example.com.