4 - 516 Centennial Parkway
Hamilton, ON
- 1,599 sqft
- Sale Of Business
- 98 days on market
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.
Listing Details
- Originally Listed
- $299,000
- Listed
- June 9, 2026
Price History
Listing history
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Property
- Lot Size
- 459.51 x 925.42 Feet
Parking
- Garage
- Plaza
Location & Legal
- Cross Street
- QEW/CENTENNIAL PKWY
- Zoning
- G1-S/-1613
- Parcel Number
- 248290662
- Possession
- Flexible
- Occupancy
- Owner
Commercial
- Business Type
- Fast Food/Takeout
Included
- Inclusions
- All Chattels
Community
Postal area L8E
- Population
- 41,927
- Private dwellings
- 15,736
- Median age
- 41.2
- Average household size
- 2.7
- Median household income
- $91,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Hamilton · last 12 months
- Median sold price
- $680,000
- Homes sold
- 4,967
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 4,967 recorded sales of commercial properties in Hamilton over the last 12 months.
Listed by
RE/MAX REAL ESTATE CENTRE INC.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 1,599 sq ft
- Price per sq ft
- $140.71
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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