Quick win of a former CN boss in Île-des-Sœurs

A whole bunch of properties change fingers in Quebec on daily basis, most with out realizing the main points. That was earlier than we acquired … Listed below are the newest offers that caught our consideration.

Lower than a 12 months after being fired from administration, Canadian Nationwide (CN) Senior Vice President and Chief Working Officer has simply bought his L’Île-des-Sœurs residence for the sum of $2.2 million, admitting as a way to make a considerable revenue.

This condominium is situated at 200 Rue Corridor within the Verdun neighborhood of Montreal. Often known as Val-de-l’Anse, this 124-story, 15-storey constructing was in-built 1988 on the banks of the Saint Lawrence River. Residents of the property even have entry to 2 in-ground swimming swimming pools (indoor and out of doors) and a fantastically landscaped waterfront backyard.

Fast win of a former CN boss in Île-des-Sœurs

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Robert Martin Reilly, higher generally known as Bob Reilly, joined CN’s headquarters in June 2019 as senior vp and chief working officer. Final November, he was faraway from workplace after slightly over three years and instantly changed by Edmond Harris, one other dean of the railroad trade (CN, CP, CSX, Illinois Central).

House 111, the place Mr. Reilly lived together with his spouse, Traci Linn Reilly, was bought in December 2020 for $1,925,000. It was notable for having no fewer than three indoor parking areas, a rarity in Montreal.

Simply two and a half years later, the 2 Texas house owners managed to eliminate it for 14% extra, leading to a revenue of $275,000.

Switch charges of US$45,693 payable to the Metropolis of Montreal shall be added to the sale worth of the property to patrons.

Excerpt from the Journal’s weekly actual property column. Should you be taught of an attention-grabbing transaction, don’t hesitate to share it with us at [email protected].