Every day, hundreds of properties change hands in Quebec, most without us knowing the fine details. That was before we were interested in it… Here is the last transaction that caught our attention.
A prestigious residence, belonging to a former CEO of Loto-Québec, has just been sold in Magog for $4 million, or 13% less than the asking price.
Located on the shores of Lake Memphremagog, this residence has four bedrooms, as many bathrooms, several fireplaces, a veranda and a double garage, all less than five minutes from the village of Magog.
Taken from Maxime Pothier, Century 21 Estrie
Taken from Maxime Pothier, Century 21 Estrie
Located at 81, chemin Morency, this property was built in 1975 on land with an area of 46,575 sq. ft.2offering a coastline of just over 150 ft wide on the shores of Hermitage Bay. The listing broker described this place as an “oasis of serenity” where, with its view of Mount Orford, “it is good to extend your evenings”.
This property belonged to the couple formed by Alain Cousineau and his partner, Jocelyne. Close to the Liberal Party of Quebec (PLQ), Alain Cousineau became known as president of the Secor Group (1979 to 1986), then as chairman of the board of the Société des alcools du Québec (1986 to 1995). When Jean Charest was elected Prime Minister in 2003, he was immediately named CEO of Loto-Québec, a position he held until 2011.
Taken from Maxime Pothier, Century 21 Estrie
Taken from Maxime Pothier, Century 21 Estrie
Mr. Cousineau purchased this Magog property in May 1999 from Adair Corporation, a company registered in the Antilles belonging to businessman Lucien Rémillard. The latter made his fortune in waste management (RCI Environnement). The amount of the transaction at the time: $650,000, including $35,000 for the furniture.
Twenty-five years later, last July, the Cousineau couple put their house up for sale for $4.6 million. After several price revisions, the residence finally found a buyer in December for $4 million, or 13% below the original price displayed.
Taken from Maxime Pothier, Century 21 Estrie
Taken from Maxime Pothier, Century 21 Estrie
Taken from Maxime Pothier, Century 21 Estrie
On the last assessment roll, this residence was assigned a value of $3.3 million (reference date, July 2023), almost a million dollars more than its previous assessment of $2.3 million. $.
According to the deed of sale, signed before a notary, on December 13, 2024, the new owner of the premises had to pay a transfer tax of $106,982, payable to the City of Magog.
– With Philippe Langlois, from the Investigation Bureau.
THE PRICES OF TEN OTHER RECENTLY COMPLETED TRANSACTIONS
254, croissant Netherwood, Hampstead 3 500 000$
4894, chemin Mira, Montréal 2 706 000$
121, rue Finchley, Hampstead 2 639 000$
1340, rue Olier, door 906, Montréal 2 465 000$
36, chemin du Bord-du-Lac, door 801, Pointe-Claire 2 450 000$
684, rue de la Futaie, Boucherville 2 050 000$
14, place de Saint-Dié, Lorraine 1 920 000$
4400, promenade Paton, porte 1103, Laval 1 900 000$
141, rue Rabellino, Mont Tremblant 1 705 000$
27, chemin Mountainview, Chelsea 1 515 000$
1010, avenue des Braves, Québec 1 325 000$
Got wind of an interest transaction? Do not hesitate to communicate it to [email protected].
