The two largest home sales in Quebec’s history took place in 2022, according to an analysis The newspaper.
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The largest transaction was $23,000,000 on October 7th. This is a Westmount mansion on the island of Montreal that was sold by Gestion Silcho Inc. This holding company was owned by the late Léo Strulovitch or Léo Stroll, father of businessman-billionaire Lawrence Stroll and grandfather of F1 driver Lance Stroll.
The seller’s representative was Joseph Montanaro, a broker specializing in luxury real estate.
Archive photo
Joseph Montanaro, broker.
“This is a unique and exceptional property that sold very quickly. The sale took place over the counter [sans affichage public]. That was done within a few months,” he said in an interview with Le Journal.
However, the agent has signed a confidentiality agreement and cannot provide any information about the residence in question, which is located in Quebec’s most upscale neighborhood. He nonetheless confirms that this is the largest transaction in Quebec’s history as of December 15.
The sale of the Stroll family home broke the record for the largest transaction made by another Westmount residence earlier this year. A businessman bought the mansion in June for $20.9 million.
A question of time
Joseph Montanaro confirms that the housing market slowdown that we are seeing everywhere is also being felt in Westmount, but less so than in the other sectors. Nine homes sold in Westmount that year for more than $5 million.
He adds that it’s a matter of time before this year’s record is broken again. Prices in Quebec have a lot of catching up to do compared to other provinces where prices are much higher, he said.
“While these sales are important, I’ve recently made even higher bids and it hasn’t lived up to the seller’s expectations,” he explains.
– With the collaboration of Philippe Langlois
THE 10 BIGGEST TRANSACTIONS TO BE TAKEN IN QUEBEC IN 2022
1) West Mountain: 23 million dollars
2) West Mountain: $20.9 million
3) Montreal: $9.8M
4) Senneville: $9.3M
5) Senneville: $9.3M
6) Beacon field: $9 million
7) Montreal: $8.5M
8) Hamstead: $8.2M
9) Montreal: $7.9M
10) West Mountain: $7.4M
Source: Quebec Land Registry
The key transaction of 2022 in the Quebec region is that of former Canadian goalkeeper Patrick Roy’s home. He sold his home on Chemin du Tour-Du-Lac in Lac-Beauport on January 5 for the sum of $5.775 million. The transaction was carried out without public notice.
This is the 22nd largest sale of the year across the province. Two Montérégie businessmen bought the property, Le Journal reported at the time of the transaction.
1) The biggest sale in history
Photo The newspaper
This residence was owned by Leo Stroll, father of Lawrence Stroll and grandfather of F1 driver Lance Stroll.
The sale of a Westmount mansion owned by the Stroll family since 1993 is the largest in Quebec history. The domain of 4718 m2 (50,800 sq. ft.) was sold for 23 million dollars an amount in October 20% higher than its taxable value in the municipal register of $19,087,600.
Archive photo
Lawrence Stroll (left) and Lance Stroll.
The broker does not want to reveal the name or nationality of the buyer behind a trust. But we do know that the purchase was made in cash, with no mortgage.
2) Another in Westmount
A luxurious Westmount home was sold by plastic surgeon Arie Benchetrit earlier this year for $20.9Mmaking it the second largest transaction of 2022 and in Quebec history.
The selling price is almost $3 million above the municipal rating. The plot has an area of 1047.5 m2 (11,300 square feet).
At the time of the June transaction, this was the largest sale in Quebec’s history. The buyer is a Quebec businessman.
3) One of the members of the “Seebande” sells his condominium
Photo Pierre Paul Poulin
Maurice Pinsonnault’s apartment was in the Ritz building in Montreal. The businessman is also a shareholder of the island of the province.
Maurice PinsonnaultFounder of Angelcare, a company that sells baby items, has sold his luxury condo at the Ritz-Carlton Hotel in the Ville-Marie neighborhood of Montreal.
Archive photo
Maurice Pinsonnault
The price of $9.75 million This makes it the most expensive condo sold this year and the third-largest condominium transaction of 2022. The sale was conducted privately.
Photo The newspaper
province island.
Pinsonnault is also a shareholder in Île de la Province, where he hosted the Minister for Economy, Innovation and Energy, Pierre Fitzgibbon, to a pheasant hunting party in October.
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