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For saleMLS® X13420542

516 Centennial Parkway N 4, Hamilton, ON L8E 0G2

Stoney Creek · L8E 0G2

$225,000

$141 / sq ft

4 months on market

Total area
1,599 sf
Lot
459.51 × 925.42 ft

What's special

  • Plaza garage
  • Yes

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About this property

An excellent opportunity to acquire a well-established Mediterranean restaurant located at 516 Centennial Parkway N, Hamilton in the highly desirable Stoney Creek area. Strategically situated in a busy Smart Centre plaza anchored by major tenants including Walmart, McDonalds, Five Guys, Shoeless Joes, South Indian restaurant, Dollar Store, Healthy planet and other strong retailers, ensuring high foot traffic and excellent visibility . This modern restaurant is only 3 years old, featuring well-maintained equipment and leasehold improvements, and operates as a fully turnkey business. The location enjoys strong and consistent sales along with an impressive 4.5-star Google rating, reflecting its loyal customer base and strong brand presence. Ideal opportunity for owner-operators, family operators, or investors looking to step into an established franchise with growth potential. Attractive price point with significant opportunity to further increase revenue through extended hours, catering, and delivery platforms. Favorable lease terms with 5 years remaining and two renewal options of 4 years each. Low rent of $5,063.50 plus TMI. Do not miss this chance to own a successful Mediterranean restaurant in a high-traffic retail plaza.

Property details

Property

Property type
business
Interior size
1,599 sq ft
Lot size
459.51 × 925.42 ft
Zoning
G1-S/-1613
Possession
Flexible

Interior

Heating
Gas Forced Air Closed
Cooling
Yes

Exterior & services

Garage
Plaza

Costs

List price
$225,000
Price per sq ft
$141

Listing

MLS® number
X13420542
Status
For sale
Listed
June 9, 2026
Days on market
149
Last updated
September 15, 2026
Listing brokerage
RE/MAX REAL ESTATE CENTRE INC.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced above most comparable listings — about 75% of comparable business for sale listings in Stoney Creek are asking less.

$14KMedian $127K$543K

Based on 8 comparable active business for sale listings in Stoney Creek. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $11,250
$11,250
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$1,181.86
Estimated monthly
$1,182

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$1,975
Total due on closing
$1,975

An estimate on the asking price of $225,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX REAL ESTATE CENTRE INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$225,000

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