A notable property transaction in Quebec involves a stunning residence at 921 chemin Compton in Bromont, which recently sold for $4.2 million—30% below its initial asking price. After extensive renovations, the property was originally listed at nearly $6 million. The new owners will also pay a transfer tax of $112,153. Additionally, other significant recent transactions in the region are highlighted, showcasing the dynamic real estate market.
Recent Property Transactions in Quebec
Every day, a multitude of properties exchange ownership in Quebec, yet many of the intricate details often remain hidden from view. However, we’ve decided to shed light on a particularly noteworthy transaction that recently caught our attention.
A Stunning Sale at a Reduced Price
A breathtaking property that had been on the market for over 18 months has just changed hands, selling for 30% less than the owners’ initial expectations.
Located at 921 chemin Compton in Bromont, this impressive residence boasts a spacious living area of 7,200 square feet, featuring five bedrooms, three cozy fireplaces, four full bathrooms, and two half-baths. The property also includes a garage exceeding 1,000 square feet and sits on a generous 5.4-acre agricultural lot that now houses a newly added pool.
The previous owners, Renée Buonocore and Guy Néron, who are co-founders of A7 Intégration—a Granby-based firm specializing in high-precision machinery for industries like aerospace, electronics, and medical—purchased this residence in December 2019 for $310,000 from a local financial institution. Fast forward nearly four years, after extensive renovations, the property was listed for nearly $6 million in the summer of 2023, specifically at $5,995,000, which is an astonishing 19 times the original purchase price.
Despite several price reductions, the home was listed at $4.6 million by July. Ultimately, a buyer was found on November 25, acquiring the property for $4.2 million, furniture included. This represents a significant decrease of $1,795,000, or 30%, from the initial asking price.
According to the latest property assessment, the home was valued at $1,676,400—nearly ten times greater than its previous municipal assessment of $169,100. The new owners also incurred a transfer tax of $112,153, which is payable to the City of Bromont, as detailed in the deed of sale signed before a notary on January 30.
For those interested in the real estate market, here are ten other recent transactions worth noting:
- 148-150, chemin Thomas-Maher, Lac-Saint-Joseph – $3,500,000
- 757, rue des Chardonnerets, Mont-Saint-Hilaire – $3,050,000
- 173, rue Harland, Hampstead – $2,950,000
- 137, chemin Girls Camp, Potton – $2,775,000
- 114, chemin de Saint-Andrew’s, Mont-Tremblant – $2,700,000
- 5291, avenue Durocher, Montréal – $2,500,000
- 121-125, rue des Trembles, Saint-Jean-sur-Richelieu – $2,300,000
- 5560, avenue Stirling, Montréal – $2,300,000
- 40, rue Vipond, Hudson – $2,300,000
- 48, rue Saint Andrew’s, Baie-D’Urfé – $2,235,000
- 112, rue Chestnut, Baie-D’Urfé – $2,210,000
If you’ve come across an intriguing property transaction, don’t hesitate to share it with us at [email protected].