An Outremont beauty flies away for less than her estimated price

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.

The owner of a Montreal residence, in one of the most affluent areas of Outremont, Montreal, has just sold his residence for almost $5.2 million.

Real Estate - Outremont

Bardagi Real Estate Team – Re/Max

Built in 1927, the residence at 195 Maplewood Avenue features five bedrooms, six bathrooms and powder rooms, original woodwork, high ceilings, abundant windows, a two-car garage and two additional parking spaces.

The married couple Guylaine Leduc and Claude Mongeau, long-time CEO of Canadian National (CN) and later managing director, purchased this residence from Ginette Hébert Daoud Brixi in June 2007 for $2,550,000. Some 16 years later, the couple has just sold it for $5,195,000, less than the municipal assessment.

Real Estate - Outremont

Bardagi Real Estate Team – Re/Max

At the most recent three-year valuation, this property was assigned a value of $5,274,500, which is 36% more than the previous valuation of $3,878,300.

In 2023, municipal taxes were $30,997. Added to the purchase price for the buyer is a transfer tax payable to the City of Montreal in the amount of $164,108.

In collaboration with Philippe Langlois.

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].