1688814591 Sold for 200000 over municipal appraisal

Sold for $200,000 over municipal appraisal

Hundreds of properties change hands in Quebec every day, most without knowing the details. That was before anyone cared… Here are the latest deals that caught our attention.

A Terrebonne residence on rue du Faîte-Boisé has just found a buyer for $1,310,000.

At the most recent three-year valuation list (2023-2025), reflecting the July 2021 market, this residence was valued at $1,097,800.

Sold for $200,000 over municipal appraisal

The price obtained ($1.31 million) therefore allows sellers to benefit from a premium of just over $200,000, or about 19% compared to the last property appraisal.

The seller couple bought this property in Terrebonne in December 2017.

A transfer tax of US$30,143 payable to the City of Terrebonne will be added to the purchase price for buyers.

Sold for $200,000 over municipal appraisal

Midweek, Centris listed just over 300 properties for sale in this northern Montreal community.

On the same day, only 35 apartments, condominiums or houses were offered for rent in Terrebonne. According to Centris, the price fluctuates between $1,450 and $3,500 per month.

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Excerpt from the Journal’s weekly real estate column. If you learn of an interesting transaction, don’t hesitate to share it with us at [email protected].