December 13th, 2022
A new high was reached among Westmount residential property transfers in October, as 9 Gordon Crescent sold for a cool $23 million, topping the price paid for 4 Surrey Gardens in June (November 29, p. 1).
The private transaction was arranged by real estate broker Joseph Montanaro, for the house occupied by Lawrence Stroll, who had purchased it in 1993 for $2,100,000, at which time it was completely gutted and renovated. It was the property of Silcho Holdings Inc., who sold to a trust.
This marks the fourth residential sale of more than $10 million in the past two years, starting with 100 Summit Circle in February 2021, for $11,700,000, then in November 2021 12-14 Sunnyside Ave. went for $18,500,000. The Surrey Gardens sale almost touched $21,000,000 in June this year and now 9 Gordon Crescent sold for exactly $23,000,000. Two homes in the Square Mile are currently listed with asking prices of $35 million each, and two more in Westmount have price tags of $25 million apiece.