255 King
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$99,000

255 King

Hamilton (Beasley), Ontario, L8N1B9

Active
4,866
Sq Ft

About This Property

This business in Hamilton (Beasley) offers 4,866 sq ft of living space. The home features forced air, natural gas heating, fully air conditioned.

MLS Remarks

A rare opportunity to acquire a long-standing, well-known restaurant in the heart of downtown Hamilton. Das Schnitzelhaus (formerly Black Forest Inn) has been a fixture in the community for decades and now operates under new ownership, offering a solid foundation with room for growth. The restaurant spans approximately 4,866 square feet and is located within a heritage-designated building, providing character, charm, and an authentic atmosphere that is difficult to replicate. Current weekly sales average $20,000-$25,000, with upside potential through expanded hours, programming, or concept refinement. Licensed for 130 indoor seats plus an additional 93 seats on a highly visible corner patio, this space is well-positioned to capitalize on downtown foot traffic, events, and seasonal patio demand. The existing concept is well-established and recognized, and continuing the operation as-is would be ideal. That said, the layout and ambiance also lend themselves to alternative concepts-such as a traditional Irish pub for operators looking to put their own stamp on a historic space. The current owner is committed to a smooth transition and will remain on-site to train and assist for 4-6 weeks, ensuring continuity of operations and knowledge transfer. An excellent opportunity for an experienced operator or hands-on owner seeking a character-rich location with history, liquor licensing, and long-term potential in a growing downtown core. New lease to be negotiated with Landlord. Current Gross Rent = $8000 Inclusive of TMI & HST. Please do not go direct or speak to staff. Your discretion is appreciated. (id:60351)

Overview

Property Typeresidential
Sub-Typebusiness
StatusActive
MLS #X12740802

Interior

HeatingForced air, Natural gas
CoolingFully air conditioned

Listing Information

MLS#: X12740802


Information is deemed reliable but not guaranteed. Data provided by the Canadian Real Estate Association (CREA) through the Data Distribution Facility (DDF). Listing data is updated regularly but may not reflect the most current information. All information should be independently verified.

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Mortgage Calculator

$
$19,800
5%20%50%
Estimated Monthly Payment
$440
/month
Mortgage
$79,200
Total Interest
$52,866

For illustration purposes only. Consult a mortgage professional for accurate rates.

Land Transfer Tax

$
Ontario LTT$715
Total Due on Closing$715

Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.

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