In a vibrant Quebec real estate market, a notable sale involves a co-founder of Transat selling his exquisite Montreal residence for nearly $4 million. Located in Outremont, this 1934-built home combines avant-garde architecture and luxurious amenities, including a pool and landscaped backyard. Previously purchased for $690,000, the property has seen significant appreciation over two decades. The article also highlights recent property transactions across Quebec, showcasing various high-value sales.
Recent Montreal Real Estate Highlights
In the bustling real estate market of Quebec, numerous properties change ownership every day, often without drawing much attention. However, one particular sale has piqued our interest recently.
Transat Co-Founder Sells Montreal Residence
A prominent figure in the travel industry, one of the founders of Transat, has successfully sold his stunning Montreal home for nearly $4 million. The property, located at 12 Pagnuelo Avenue in the upscale Outremont neighborhood, is a striking two-story residence featuring an integrated garage and a beautifully landscaped backyard complete with a pool.
This home, built in 1934 and elegantly finished in stucco, showcases a unique avant-garde style that was rare in Quebec during the interwar years, a period overshadowed by the economic downturn of the 1930s. Architectural experts recognize its significant contribution to the historical landscape of that era.
Previously owned by Philippe Sureau and Marie Côté, this residence has a rich history. Philippe Sureau, co-founder of the travel agency established in 1987, served as CEO of the Air Transat subsidiary from 1997 until 2001. He later took on the role of president at Transat Distribution from 2002 to 2009, before concentrating on administrative duties at Transat—a tenure that lasted 36 years until 2023. Additionally, Mr. Sureau has held leadership positions on the boards of Tourisme Montréal (2018-2024) and the UQAM Chair of Tourism (since 2014).
In the spring of 2002, Sureau and Côté acquired this property from an estate for $690,000, shortly after his CEO tenure at Air Transat. After many years of ownership, they decided to sell the home for $3,950,000, marking an impressive nearly sixfold increase in value over two decades.
According to the latest assessment, the property was valued at $3,405,800 as of July 2021, which is a remarkable 36% increase from its previous municipal assessment of $2,504,300. For the fiscal year 2025, the municipal taxes for this residence are estimated at $15,796. The new owners also incurred an additional transfer duty of $110,938, as detailed in the deed of sale finalized on January 15.
– With Philippe Langlois, Investigation Bureau
Recent Property Transactions in Quebec
Here are ten other notable property sales that have recently taken place:
- 59 Forden Avenue, Westmount – $4,100,000
- 12 Pagnuelo Avenue, Montreal – $3,950,000
- 11 Urubu Road, Potton – $3,200,000
- 152 Elephant Road, Stanstead – $3,150,000
- 339 Stanstead Avenue, Mont-Royal – $3,000,000
- 495 Viger West Avenue, door 3301, Montreal – $2,800,000
- 1962 Georgeville Road, door 9, Magog – $1,995,000
- 16 Braine Street, Blainville – $1,975,000
- 1494 Ivory Road, Magog – $1,800,000
- 1175 Turnbull Avenue, door 514, Quebec – $1,275,000
- 8323 Royal Road, Sainte-Pétronille – $1,250,000
If you come across any intriguing property transactions, we encourage you to share them with us at [email protected].