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 prestigious residence on the edge of Lake Tremblant has just changed hands for the princely sum of $13.2 million.
Built in 1989, the property at Chemin Desmarais No. 580 has 17 rooms, including four bedrooms, five bathrooms and a guest toilet, a solarium with fireplace, a boudoir with a wood-burning stove, a large dock and a private tennis court.
Steven Lafave, Engel & Völkers
Accessed via a private entrance at the end of half a kilometer, the pointed property offers 12,966 m2 of space and more than 182 linear meters of frontage on the shores of Lake Tremblant.
This property is a collection of three different properties acquired over time since 1988 by its owners, a married couple consisting of Bryan M. Osborn and Jacinthe Thérèse Turcotte.
Steven Lafave, Engel & Völkers
The owners have put their residence on the market several times in recent years. In 2020 they amounted to $10.5 million. The price recently rose to $14 million.
Finally, a well-known buyer from Quebec Inc. agreed to pay $13.2 million for the acquisition. An amount of $7.5 million has already been paid. The buyer has agreed to pay the difference, or $5.7 million, by Jan. 10.
Steven Lafave, Engel & Völkers
At last appraisal, this property was assigned a value of $6,038,700. This was an increase of $864,700 or 16.7% from the previous valuation of $5,174,000.
At the same time, the buyer would also have committed to purchasing a neighboring forest area of 4,539 m2. The taxable value was assessed by the city at $978,800.
For buyers, a $320,058 transfer tax payable to the city of Mont-Tremblant will be added to the purchase price.
Excerpted from the Journal’s weekly real estate column. If you learn of a transaction that interests you, do not hesitate to share it with us at [email protected].