107 rue Oliver Cowansville Estrie
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The steps involved in buying a property
Could this property be “the one”? Here’s an overview of the steps involved in becoming the owner. These steps and the legal implications remain the same whether the property is purchased from an individual or through a broker.
One of the first things to do when looking for a property is to get a mortgage preapproval from a financial institution. The goal is to determine borrowing capacity, and as a result, the price range to be looking in.
The property suits the budget and needs? Time to submit an offer to purchase! This document sets out the price, the elements included in the sale, the possession date, the conditions of purchase and all other information relevant to the sale.
The offer to purchase generally includes conditions. The most common are the property passing an inspection, the buyer providing proof of financing and the buyer selling their own property. Once the listed conditions are met, the property is considered sold.
The last step is to see a notary, who is generally chosen by the buyer. This real estate professional drafts the deed of sale and ensures that the interests of all parties involved are respected.
Once the deed of sale is notarized, the new owner gets the keys to the home. All that’s left is to move in!
See our All about buying section.
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Owners’ comments
12-Unit Multi-Residential Project Cowansville.
Opportunity for investors and developers: existing building to be demolished for a new, shovel-ready construction project, located in an established residential area of Cowansville.
The Land 15,967.2 sq ft (1,483.4 m²)
The Project:
New 3-storey building with 12 residential units
- 9 x 5½ (1,434 1,673 sq ft)
- 1 x 4½ (1,183 sq ft)
- 2 x 3½ (748 sq ft)
Large, spacious units: 9-foot ceilings, two bathrooms in the 4½ and 5½ units
Spacious balconies
Brick and metal panel cladding, balconies, and compliant amenity areas
CMHC MLI Select Eligibility (45-year amortization, potentially up to 50 years)
20 points Energy Efficiency (potential to reach 35)
70 points Affordability
A major advantage for optimizing financing and mortgage terms.
Compliance File Already Well Advanced
Certificate of location available
Phase II Environmental Site Assessment completed
Demolition Committee: project approved (permit being processed)
Planning Advisory Committee (CCU) & SPAIP (PIIA): favourable recommendation obtained.
Complete architectural plans
Site plan
Structural plans
Building permit: application submitted, awaiting the City.
Why This Project?
All the pre-development work is done: plans, testing, municipal approvals well underway, and CMHC eligibility. The buyer takes over a complete file without starting from scratch.
For the full file (plans, environmental report, permit tracking) or to arrange a visit, contact me privately.
Sold without legal warranty.