Three-story home in Westmount sold for $5.3 million

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 magnificent three-story residence in Westmount, at the intersection of Mount Pleasant and The Boulevard streets, has just found a buyer for $5.3 million.

Built in 1911 on a 470 square meter lot, the brick house has six bedrooms, five bathrooms and a powder room, several fireplaces, a reading room with ample windows, an outdoor terrace with a kitchen, a double garage and four parking spaces.

Real Estate Westmount

Alfee and Liza Kaufman, Sotheby’s Realty

The owners, a married couple consisting of Annie Cardinal and Lino Maurizio, former senior vice president of SNC-Lavalin, purchased this residence in January 2019 from Friedel and Timothy Brian Thurman. At this time, the transaction closed for $2,812,500.

3186 rue The Boulevard was announced earlier this year for $5,948,000. A buyer ended up buying it for $5.3 million, or $648,000, or 10.9% below the expected price.

Real Estate Westmount

Alfee and Liza Kaufman, Sotheby’s Realty

At last appraisal, this property was assigned a value of $3,453,400. An increase of $837,200 or 32% from the previous valuation of $2,616,200.

In 2023, municipal taxes were $21,000. For buyers, a $138,375 transfer tax payable to the City of Westmount will be added to the purchase price.

With the contribution of 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].