Every day, hundreds of properties change hands in Quebec, most of them without knowing the fine details. That was before anyone got interested in it… Here are the latest transactions that caught our attention.
A view of the river in Baie-Saint-Paul for nearly $1.7M
Engel & Volkers
A retired engineer from Baie-Saint-Paul, Marcel Dessureault, sold a property on Chemin de la Pointe for $1,685,000.
Transfer duties of $41,393 are added to the sale price. Last year, this same property was put up for sale for $1.75 million.
The notarized documents state that the building, which offers a breathtaking view of the river and L’Isle-aux-Coudres, is located within the agricultural zone established for Baie-Saint-Paul by the Commission de protection du territoire agricole du Québec (CPTAQ), but is subject to acquired rights.
Nevertheless, the purchaser has acknowledged that he may not use this building for any purpose other than agriculture or carry out a prohibited subdivision or dismemberment without the authorization of the CPTAQ.
Engel & Volkers
At the last assessment roll, the property (house and land) of 314,754 m2 of area was valued at $800,100. For 2023, his property taxes amount to $7499. A retired engineer from Baie-Saint-Paul, Marcel Dessureault, sold a property on Chemin de la Pointe for $1,685,000. Transfer duties of $41,393 are added to the sale price.
Charlevoix is attracting more and more buyers ready to invest big for a property in the region.
The Chemin de la Pointe residence in Baie-Saint-Paul, seen from the air.
Engel & Volkers
In mid-December, Italian-American billionaire John Elkann, great-grandson of Giovanni Agnelli, one of the founders of automobile manufacturer Fiat, acquired a property of almost 800,000 m2or 8.6 million square feet.
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After two years, he managed to sell for another $170,000.
2500, avenue Pierre-Dupuy, is located in Cité-du-Havre, in the borough of Ville-Marie, in Montreal.
Taken from Realtyhop.com
The founder of Cavalia, Normand Latourelle, has just sold his co-ownership of the chic Tropiques Nord apartment building in Montreal for $1.8 million.
The condominium complex, neighboring Habitat 67, is located on the Cité-du-Havre peninsula at 2500 Pierre-Dupuy Avenue, in Montreal.
In 2007, Normand Latourelle was decorated with the insignia of Knight of the National Order of Quebec.
Photo taken from the National Order of Quebec website
Mr. Latourelle had lived on this property with his spouse, Fannie Lefort, also from Cavalia, since July 2021. The price paid by Mr. Latourelle at the time was $1,630,000. In two years, the couple will have managed to make a gain of $170,000.
The 11-story building has 120 units spread over eight floors, as well as a 32,000 sq. ft. atrium2 housing a garden of waterfalls, palm trees and other tropical plants. The building also has two swimming pools, a spa, a sauna, two training rooms as well as tennis and squash courts.
Cavalia first became known for its horse shows.
Photo taken from the Cavalia Facebook page
According to Centris, four other units of the same complex are currently for sale. All exceed $1.2M.
The Press recently revealed that the founder of Cavalia is one of five private landowners surrounding Bull Pond, a body of water with no public access, located in Brigham in the Brome-Missisquoi region.
The neighboring municipality of Cowansville invested $700,000 last year to upgrade dams that ensure a pleasant water level for the five owners bordering the pond.
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A company president sells for $2M in Saint-Donat
Sara-Christine Troini, Remax Crystal
A couple of construction entrepreneurs, formed by Karl Tremblay and Karine Geoffrion, respectively president and vice-president of KA3 Development, have just sold in Saint-Donat, for the sum of $2,050,000.
The residence is located near a bay of Lac du Pimbina, in Lanaudière. Transfer duties of $19,895 are payable to the City of Saint-Donat.
Sara-Christine Troini, Remax Crystal
The sellers had purchased this property in October 2020, from Gestion MA3, a company now deregistered which specialized in the manufacture of furniture and the management of buildings.
On the last three-year assessment roll, filed in 2023, its value was established at $996,700. That’s up 42% from its valuation of $699,900 three years earlier.
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A waterfront residence in Valleyfield for $2.36M
Engel & Volkers
Entrepreneur Michel Levasseur, owner of a building rental company, has just sold his residence on rue Alexandre, in Salaberry-de-Valleyfield, for the sum of $2.36 million. Transfer duties of $60,914 are added to the sale price.
The residence, which offers direct access to Baie Saint-François, from the lake of the same name, was sold to an entrepreneur in the mechanical industry.
At the most recent assessment roll, the property had been assessed at $1,945,800, an increase of 15% compared to the assessment made three years ago ($1,690,600). In 2023, his property taxes amounted to $12,268.
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You have wind of a transaction of interest, do not hesitate to communicate it to [email protected].