Prices rebounded in November

Top price among the sales was $2,375,000 for a home at 579 Roslyn Avenue, one of six sales over the $1 million mark which includes the duplex at 320-2A Elm Avenue, the first duplex to sell for more than $1 million in Westmount’s history. The property was marketed as a totally renovated single-family dwelling, but the deed notes that there was a lease on the apartment at least until March of 2007.

The duplex sold for more than three times its 2004 municipal assessment, the highest markup ever in relation to the former valuation roll. The lowest markup, some 23 percent, involved a house at 691 Grosvenor Avenue, north of The Boulevard, which sold for $755,000.

Two sales at $615,000 each represent the lowest prices of the month, one at 100 Columbia Avenue and the other at 652 Grosvenor, prices which are the highest monthly minimums the city has ever seen.

Only one residential condominium changed hands in November, an upper-floor condo at Château Westmount Square, 4175 St. Catherine Street, though commercial premises at 1 Wood Avenue sold from the City of Montreal to a private buyer. The city had seized the property for non-payment of taxes in 2005, before Westmount regained its autonomy, thus Montreal included it in a long list of sales carried out in late 2006.

Two multi-unit residential properties sold in November, including the huge 74-unit building which stretches along St. Catherine Street between Redfern and Kensington Avenues which brought more than $8 million, and the six-unit building at the corner of Elm and Holton Avenues, for which the buyer paid slightly more than $1 million. The mainly commercial premises at 1347-51 Greene Avenue sold for $1.6 million.