1707833016 This property on the Cote Saint Luc was sold for twice the

This property on the Côte-Saint-Luc was sold for twice the price after six years

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 property in Côte-Saint-Luc, a breakaway enclave on the island of Montreal, just sold for $2.5 million.

Located at 6555 Mozart Road, at the intersection of Armstrong Avenue, this two-story home features six bedrooms, three bathrooms, a powder room and a two-car garage.

Real estate - Côte Saint-Luc

Jonathan Assouline, Barnes International Realty Quebec

This large house from 1987 also offers a living space of 405.6 m2 on a plot of 588.5 m2, equipped, among other things, with an in-ground saltwater swimming pool.

The selling owners, Jamie Cassoff and Brandon Knecht, purchased this residence in 2018 from Atalia and Michel Toledano, trustee of the Hahagana Family Trust, for $1.3 million. Six years later, the couple managed to resell it for almost double the price they paid.

Real estate - Côte Saint-Luc

Jonathan Assouline, Barnes International Realty Quebec

Brandon Knecht is vice president of finance and supply chain at Promark Electronics, ProEv and ASI, the divisions of Electrical Components International (ECI) that were acquired by Cerberus Capital Management in recent years.

In the most recent three-year municipal assessment roll, this residence was assigned a value of $1,854,300, a 47% increase from its previous value of $1,261,400.

Added to the purchase price for buyers was a $52,732 transfer tax payable to the city of Côte-Saint-Luc.

In collaboration with Philippe Langlois.

Excerpted from the Journal's weekly real estate column. Have you caught wind of an interest rate transaction? Do not hesitate to send it to [email protected].