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.
The owner of a residence in Beaconsfield, a breakaway suburb on Montreal's West Island, just sold his residence for $2.65 million.
The house is located at 416 Avenue des Crécerelles, a street in the Sherwood area of Beaconsfield. Built in 2017, the 417 square meter, two-story residence has a total of five bedrooms, a double garage and an in-ground swimming pool, all on a plot of 960 m2.
21st century
The seller, Peter Papadeas, purchased this property from Cancheng Real Estate Development in December 2020 for the amount of US$1,826,484. Four years later, the same home sold for $2,650,000, giving the seller a capital gain of $823,516, or 45%.
In the most recent three-year municipal assessment roll, this residence was assigned a value of $2,165,400. This was a 27% increase compared to the previous municipal assessment of $1,705,000.
For buyers, a $68,895 transfer tax payable to the Town of Beaconsfield will be added to the purchase price.
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]