516 Centennial Parkway Unit 4, Hamilton, ON
L8E 0G2
Listed June 9, 2026
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.
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Cost of Ownership Calculator
What it could cost each month to own 516 Centennial Parkway Unit 4 — mortgage, property taxes, fees, insurance, utilities and upkeep. Change any number to match your situation.
Your mortgage
$45,000 · Minimum $45,000
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Monthly costs
Estimated at about 0.8% of the price — the listing doesn't show the tax.
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One-time costs
A typical estimate — your lawyer will confirm.
Estimated monthly cost of ownership
$1,145/mo
About $13,740 a year
- $995
- $150
Cash needed to close
- Down payment (20%)
- $45,000
- Ontario land transfer tax
- $1,975
- Legal fees, title insurance & inspectionEstimate
- $2,500
- Total
- $49,475
Estimates only — not a mortgage approval, quote or tax advice. Payments assume a fixed rate compounded semi-annually; minimum down payments, mortgage insurance and land transfer tax follow current CMHC and Ontario rules. Insurance, utilities and upkeep are typical figures for the area. Your lender, lawyer and insurer will confirm your exact costs.
Location & Walkability
516 Centennial Parkway Unit 4, Hamilton, ON
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Last Updated: June 9, 2026
Listing Office: RE/MAX REAL ESTATE CENTRE INC.
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