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.
An apartment in Hochelaga-Maisonneuve was sold by its owners for $730,000, exactly the price quoted by the sellers.
Olivier Mailloux-Bertrand, EXP real estate agency
Located on Avenue Jeanne d’Arc 1887, the 327 m2 apartment is located on the ground floor of a semi-detached house from 1919, which has since been converted into undivided co-ownership.
In addition to the ground floor, it includes a rear attached garage, a roof over the garages and an underground garage. Ultimately, the unit sold is assumed to represent 60% of the entire condominium building.
The author Marie-Andrée Labbé PHOTO COURTESY of Julie Artacho
The property’s owners, STAT television series author Marie-Andrée Labbé and her partner Judith Lussier purchased this property in 2017 for $465,000. Six years later, the same house found a buyer for $730,000.
In the most recent municipal assessment roll, this co-owned building was assigned a value of $901,300, which is 43% more than three years earlier ($630,300).
In 2023, municipal taxes for this residence were $30,983. Added to the purchase price for the buyer is a transfer tax payable to the City of Montreal in the amount of $10,182.
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].