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 old six-unit building in Old Quebec just sold to a Lévis real estate company for $720,000.
1 1⁄2 rue Ferland, a building built in 1920, was owned by the same owner Didier Le Henaff for more than 40 years. It offers an area of 226.8 m2, distributed over two floors.
Stevens LeBlanc/JOURNAL DE QUEBEC
Although it is located in Old Quebec, a declared heritage site, the building is not considered a “classified or recognized heritage asset,” the transaction’s notarized documents state. Nor would it be in a historic district, heritage site or protected area under the Heritage Act.
Immeubles Murray from Lévis, owned by Claude Murray, bought the building sold without any legal guarantee of quality at the buyer’s risk. However, the latter gives him rental income of $43,320 per month.
The seller, Didier Le Henaff, purchased this property in March 1979 from Paul Morin Fournier of L’Île-d’Orléans for $70,000.
At last appraisal, this property was assigned a value of $481,000. Municipal taxes were $7,308.59 in 2023. For buyers, a $10,243 transfer tax payable to the City of Quebec will be added to the purchase price.
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].