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Hx hE Sophie Desmarais sells her condo for $ 11M - The Times Hub

Sophie Desmarais sells her condo for $ 11M

Sophie Desmarais sells her condo for $ 11M

COVID-19 prompted philanthropist Sophie Desmarais to leave Montreal. The youngest daughter of the late Paul Desmarais has just sold her penthouse at the Ritz-Carlton for $ 11 million – shattering a Quebec record for a sale on the real estate brokers’ MLS system.

“I’ll tell you frankly, it’s the pandemic,” says Mme Desmarais at Newspaper. I believe that a lot of people invest a lot in their house, in the place where they want to feel their best and a lot of people have left the city, precisely, to get some fresh air. “

“I’m going to the countryside,” she adds, refusing to say in which region.

Nicknamed Rockstar “this spectacular two-storey residence was imagined by its designer to float above its surroundings”, one can read in the listing of the property.

Sophie Desmarais sells her condo for $ 11M

Covering 5,300 square feet, the condo has three bedrooms and a double living room with 25-foot ceilings. Its vast terrace of nearly 1,700 square feet can accommodate around 100 people!

Sophie Desmarais sells her condo for $ 11M

“This is probably the best condo in town,” exclaims Sotheby’s broker Liza Kaufman.

No profit

Surprisingly, Sophie Desmarais did not make any profit with this transaction. She had spent $ 11 million to acquire the property in 2016 and was asking for $ 12.9 million. She ultimately got $ 11 million. “It’s like that,” she sighs.

Sophie Desmarais sells her condo for $ 11M

The buyer is an American who already owns several residences. He submitted an offer from the Caribbean after taking a virtual tour of the property, pandemic obliges. He hasn’t set foot there yet.

Sophie Desmarais sells her condo for $ 11M

The previous record for a condo in Montreal was $ 6 million. In August, Mme Kaufman had hit a new high for the sale of a single-family home in the metropolis: $ 18 million. She hopes to soon cross the $ 30 million mark with a luxurious property on a side of Mount Royal.

Payable year

Liza kaufman
Sotheby’s

With commissions hovering around 5% of the sale price, Liza Kaufman had a very profitable year in 2020.

Sophie Desmarais sells her condo for $ 11M

“We have sold a lot and I have several buyers who are still looking,” she says. Unfortunately, I don’t have a lot of properties available. “

Sophie Desmarais sells her condo for $ 11M

The only major Canadian city not to impose a tax on foreign buyers, Montreal is finally making a place for itself in the international market, according to Mr.me Kaufman.

Sophie Desmarais sells her condo for $ 11M

“Before, it was always’ Montreal, yes, but there is also Vancouver, there is New York, there is Toronto …” Things are changing, ”she says.

Sophie Desmarais sells her condo for $ 11M

Last spring, Mme Desmarais donated $ 1 million to the Heart Institute to fund a study on the effectiveness of a drug, colchicine, against COVID-19. In addition, the Jasmin Roy Sophie Desmarais Foundation donated around 100 air purifiers to Quebec schools.

Sophie Desmarais sells her condo for $ 11M

Sophie Desmarais sells her condo for $ 11M

Sophie Desmarais sells her condo for $ 11M

Sophie Desmarais sells her condo for $ 11M

Sophie Desmarais sells her condo for $ 11M

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