Hundreds of properties in Quebec change hands every day, most of them without us knowing the exact details. That was before we became interested… Here are the latest transactions that caught our attention.
A massive home in Montreal’s defunct Westmount community has just been sold to two recently formed trusts for the princely sum of $11.5 million.
Built in 1948, 118 Upper Bellevue Avenue offers 340 m2 of living space on multiple floors with bird’s-eye views of the surrounding area, on a site twice the size (719.40 m2) near Summit Circle city park.
Taken from the website www.luxuryrealestateinmontreal.com
The seller, Carrie Kastner, purchased this property in the summer of 2014 from Garimdev Investments, a company owned by her general contractor husband, Garry Garbarino. The transaction was completed for $3.9 million at the time. Garimdev had purchased the same house two years earlier for $2,150,000.
Taken from the website www.luxuryrealestateinmontreal.com
At last appraisal, this property was assigned a value of $5,695,100. This is an increase of $1.5 million or 35% compared to the previous value ($4,187,600).
For buyers, a $170,843 transfer tax payable to the City of Westmount will be added to the purchase price.
– With the contribution of Philippe Langlois and Nicolas Brasseur, Investigation Office
Excerpted from the Journal’s weekly real estate column. If you hear of an interesting transaction, do not hesitate to share it at [email protected].
Originally posted 2023-11-11 13:46:27.