Description

New development in Moffet! Discover beautiful waterfront lots directly on Lac des Quinze, along Grassy Narrows Road. A unique opportunity to build your dream property by the water, whether as a primary residence or a recreational getaway. Building requirements apply to ensure the harmonious development of the site. An exceptional location to enjoy the lake and surrounding nature. Available now!

The BUYER shall construct a principal or secondary
residence within three (3) years from the signing hereof.

This residence shall have a value of at least one hundred
and fifty thousand dollars ($150,000.00) on the municipal
assessment roll (hereinafter referred to as the said
residence).

If the said residence is not constructed in accordance with
the terms and conditions set forth herein within three (3)
years from the anniversary date of the deed of sale, the
SELLER shall issue the BUYER an invoice for a penalty of
one thousand dollars ($1,000.00) as partial damages,
payable on the first day of the thirty-seventh (37th) month
following the anniversary date of the deed of sale, thereby
granting the BUYER an additional period of one (1) year to
construct the said residence.

If, after four (4) years from the anniversary date of the
deed of sale, the said residence has still not been
constructed, the SELLER may exercise either of the
following two (2) options:

a) Exercise its right of resolution and retake full
ownership of the sold immovable;

b) At its sole discretion, charge the BUYER a yearly
penalty as partial damages until a residence is constructed
in accordance with the conditions set forth herein, thereby
granting the BUYER, each time, an additional period of one
(1) year to complete the construction of the said
residence. However, beginning in the fourth (4th) year, the
amount of the penalty shall increase by two hundred and
fifty dollars ($250.00) per year.

If any penalty amount is not paid when due, the SELLER
shall not be required to honour the extension granted to
the BUYER and may seek resolution of the sale in accordance
with the applicable legal procedure.

In the event of a sale, gift or transfer of the immovable
to a third party, the anniversary date used to determine
the obligations set forth herein shall remain that of the
original sale. Accordingly, if penalty invoices have begun
to be issued, they shall continue according to the schedule
and amounts provided above.

The above-mentioned conditions shall be reproduced as
written in all subsequent deeds relating to the immovable
that is the subject of these presents, for as long as the
said residence has not been constructed on the immovable.
The BUYER's heirs and successors shall be bound by these
obligations.

BUYERS, PLEASE BE ADVISED that the broker, being bound by a
brokerage contract with the SELLER, protects and promotes
the interests of their client. The broker will provide you
with fair treatment. You are also advised that you may
choose to be represented by the licence holder of your
choice.