Every day, hundreds of properties change hands in Quebec, most of which we don’t know the fine details of. That was before we were interested in it… Here are the latest transactions that caught our attention.
The luxury home of a former attorney, who was sentenced to prison in a fraud and money laundering case, is being sold by his ex-wife for $3,998,500.
Located at 2100, chemin de Georgeville, in Magog, the residence has 12 rooms, including 4 bedrooms, 3 1/2 baths, two fireplaces, two large balconies with views of Lake Memphremagog, two double garage and swimming pool.
In total, the house located on a hill offers a living area of 936.5 m2 (or 10,080 ft2) and is located on a twenty times larger land area of 22,678 m2 (or 244 103 pi2). The owners benefit from the security of an electrically operated gate, as well as access to the lake via a private dock and marina.
The former husband, Jacques Matte, who has since resigned from the Quebec Bar, bought the property in 1994 before selling it again five years later (1999) to his wife and business partner, Marie Bouchard , at a symbolic value of 1$.
Jacques Matte was arrested by the Sûreté du Québec in 2012 with two acolytes for helping a client hide almost $13 million from the tax authorities thanks to a fictitious offshore company scheme. Because of his involvement in this activity, Jacques Matte was sentenced to 36 months in prison in 2014.
In another case, Jacques Matte was previously accused of helping to commit an $11 million fraud by creating false documents and embezzling funds to the detriment of the Charron Group. He was ordered in 2010 to pay $16 million, along with Denis Charron.
In 2014, this same residence sold for $5.99 million. However, at that time, the latter did not find a buyer.
The residence is currently valued at $1.9 million in the City of Magog. In 2022, municipal and school taxes totaled $14,937.