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 home in the Village of Brome, a hamlet in the Eastern Townships north of Sutton entirely separate from Lac-Brome, has just sold for $2.16 million.
The 375 square meter two-story home is located at 64 Friars Lane Road and has five bedrooms, four bathrooms, a powder room and two garages. Built in 1993, the property has undergone significant improvements over the years.
Edouard Gamache and Brian Dutch, Engel & Volkers
The house sits on a huge, fully landscaped 12,900 m2 or 1.30 hectare lot, which includes, among other things, an in-ground swimming pool, a pond, a pool house and a screened porch.
Sellers Brian Dutch and Michel Gamache purchased this property in January 2005 from a woman named Dorothea Elarde for $340,000. They brought it back on the market almost 20 years later.
Edouard Gamache and Brian Dutch, Engel & Volkers
An amount of $2,498,000 was announced last August. In October, the call price was reduced to $2.2 million. Recently, it finally sold for $2,162,500, which is 13.4% (or $335,500) below the expected price six months earlier. That's still six times the original $340,000 paid.
In the most recent three-year appraisal roll, this residence was assigned a value of $1,124,900. This was an 89.3% increase compared to the previous municipal assessment of $594,100.
For 2024, municipal taxes are $5,664. Added to the purchase price for purchasers is a $30,670 transfer tax payable to the Brome Village Municipality.
– 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]