Eye Care Center
8367 W Flamingo Rd suite 101, Montréal
5 Beds
3 Baths
250 ft2
2 cars
Description
Beautiful, updated, ground level Co-op apartment in the desirable Bay Terrace neighborhood. This home features hardwood floors throughout, brand new bathrooms, newer EIK, modern front-load washer/dryer, full dining room, large living area, 3 spacious bedrooms and plenty of storage. Master bedroom includes both a standard closet and custom closet wall unit. Large windows face many directions for tons of natural light.
MLSⓇ ID
Property Year
Structure Type
Features and Amenities
Amenities and Features
Financial & Investment
Gross Revenue
- $1,568,910 (annualized 2024).
NOI
- $985,400 annually after maintenance and staffing.
Cap Rate
- 6.8% based on current operating income.
Lease Terms
- Flexible terms available; property can be leased with management support or owner-occupied.
Sale Terms
- Clean title; available for direct sale or sale-leaseback options.
Growth Potential
- High potential to expand into luxury wellness or boutique resort segment.
Competition
- Limited supply in this luxury niche; strong local brand awareness.
Growth & expansion
- iyiyuiyuiuyiyui
Support & Training
- Owner willing to provide transition support, vendor introductions, and operational training for 60 days post-sale.
Business Metrics
Revenue (Last 3 FY)
- FY2022 – $1.2M FY2023 – $1.45M FY2024 – $1.65M
Net Income
- Average annual net income of $480K with a steady margin increase YoY.
Growth YoY
- 12% average growth over the last 3 years driven by premium bookings and expanded marketing reach.
Patient Volume
- Approx. 1,800 annual client visits and a consistent occupancy rate above 90%.
Included Assets
- Fully furnished interiors, designer furniture, smart appliances, solar setup, and garden equipment.
Payer Mix
- 60% private clients, 25% corporate retreats, 15% vacation rentals.
Staffing
- 6 full-time employees including property maintenance, concierge, and security personnel.
Brand/Goodwill
- Well-known for exclusive staycations and high client satisfaction in the Bay Terrace region.
Compliance & Licensing
Zoning & Permits
- Residential zoning with hospitality permits for short-term rentals.
Licenses/Certs
- Valid occupancy certificate, environmental compliance approval, and tourism registration.
Accreditation Readiness
- Meets all state safety and building compliance standards. Updated electrical and plumbing certifications available.
Exclusions
- Personal artwork, collectible wine cellar contents, and one antique sculpture are excluded from the sale.
Confidentiality
- All financial and client details are confidential and shared only under NDA.
Legal
- All titles are clear and transferable. No existing liens, disputes, or encumbrances.
Conditions
- Property sold as-is; minor cosmetic touch-ups may be required.
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Disclaimer
Property ID - 174 | 21915
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