The two largest home sales in Quebec history took place in 2022, according to an analysis of The newspaper.
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The largest transaction was for $23,000,000 on October 7. It is a mansion in Westmount, on the island of Montreal, which was sold by Gestion Silcho Inc. This holding company belonged to the late Léo Strulovitch, or Léo Stroll, father of billionaire businessman Lawrence Stroll and grandfather of F1 driver Lance Stroll. .
Broker Joseph Montanaro, specializing in luxury real estate, was the buyer’s representative.
Joseph Montanaro, running back.
“This is a unique and exceptional property, which sold very quickly. The sale was made off the market. [sans affichage public]. It was done in a few months,” he said in an interview with The newspaper.
However, the broker has signed a confidentiality agreement and cannot provide details about the residence in question, located in the most exclusive neighborhood in Quebec. However, he confirms that it is the largest transaction in Quebec history, as of December 15.
The sale of the Stroll family home broke the record for the largest transaction, which had been secured earlier this year for another Westmount residence. A business executive bought the mansion for $20.9 million in June.
Matter of time
Joseph Montanaro says the slowdown in the housing market that we see everywhere is being felt in Westmount as well, but less than in other sectors. This year in Westmount, nine homes sold for more than $5 million.
He adds that it is a matter of time before this year’s record is broken again. Prices in Quebec have a long way to go compared to other provinces, where prices are much higher, he said.
“While these sales are important, I recently made even more expensive offers and it didn’t work out compared to the seller’s expectations,” he explains.
– With the collaboration of Philippe Langlois
THE 10 LARGEST TRANSACTIONS IN 2022 IN QUEBEC
1) Mount West: $23 million
2) Mount West: $20.9 million
3) Montreal: $9.8 million
4) Senneville: $9.3 million
5) Senneville: $9.3 million
6) Field of beacons: $9 million
7) Montreal: $8.5 million
8) Hamstead: $8.2 million
9) Montreal: $7.9 million
10) Mount West: $7.4 million
Source: Quebec Land Registry
The most important transaction of 2022 in the Quebec region is that of the residence of former Canadian goalkeeper Patrick Roy. He sold his house on chemin du Tour-Du-Lac in Lac-Beauport on January 5 for $5.775 million. The transaction was made without public display.
This is the 22nd largest sale of the year in the entire province. It was two businessmen from Montérégie who bought the property, reported The newspaper at the time of the transaction.
1) The biggest sale in history
Photo The Newspaper
This residence belonged to Leo Stroll, father of Lawrence Stroll and grandfather of F1 driver Lance Stroll.
The sale of a Westmount mansion belonging to the Stroll family since 1993 is the largest in Quebec history. the domain of 4718 m2 (50,800 square feet) was sold by $23 million in October, a quantity twenty% greater than its taxable value in the municipal register of $19,087,600.
Lawrence Stroll (left) and Lance Stroll.
The broker does not want to reveal the name or nationality of the buyer who is hiding behind a trust. But we know that the purchase was made in cash, without a mortgage.
2) Another in Westmount
Earlier this year, plastic surgeon Arie Benchetrit sold a lavish Westmount home for $20.9 millionplacing it as the second largest transaction of 2022 and in Quebec history.
The sale price is almost $3 million above the municipal tax. The land has an area of 1047.5 m2 (11,300 square feet).
At the time of the transaction, in June, it was the largest sale in Quebec history. The buyer is a business executive from Quebec.
3) One of the members of the “lake gang” sells his condo
Photo Pierre-Paul Poulin
Maurice Pinsonnault’s condominium was located in the Ritz building in Montreal. The businessman is also a shareholder of the Isla de la Provincia.
Maurice Pinsonnaultfounder of the firm Angelcare, which sells baby items, has sold his luxurious apartment located in the Ritz-Carlton hotel, in the Ville-Marie neighborhood of Montreal.
The price of $9.75 million makes it the most expensive condominium sold this year and the third largest residential transaction of 2022. The sale was conducted privately.
Photo The Newspaper
Pinsonnault is also a shareholder in Île de la Province, where he invited the Minister of Economy, Innovation and Energy, Pierre Fitzgibbon, to a pheasant hunting party in October.
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