Two properties on the shores of Lake Memphremagog sold at the same time

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.

Two homes built in Magog on adjacent properties on the shores of Lake Memphremagog just sold at the same time by the same sellers for a total of $6.7 million.

The two properties at 515 and 525 rue Verchères were sold without guarantees by their owners, a married couple consisting of Sophie Des Groseilliers and Jean-François Babin, former senior vice president and general manager of National Bank Financial. and at the buyer’s risk.

Two properties on the shores of Lake Memphremagog sold at the same time

Taken from the Dream Home Bay website

515, rue Verchères was purchased in the fall of 2013 by Ms. Des Groseilliers of the Fiducie-résidence MC Magog for $1,420,000. 525, rue Verchères was purchased in the fall of 2017 by Ginette Choquette for $1,275,000. The two properties offer a combined area of ​​3815 square meters.

Two properties on the shores of Lake Memphremagog sold at the same time

Taken from the Dream Home Bay website

At last appraisal, the two properties were assigned a value of $2,726,400. This is an increase of $280,100 compared to the previous value. In 2023, municipal taxes were $20,429.

Added to the purchase price for buyers is a transfer tax payable to the City of Magog in the amount of $188,093.

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].


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