For Sale

255 King Street, Hamilton, Ontario L8N 1B9

$99,000

255 King Street, Hamilton, Ontario L8N 1B9 is For Sale and has a listing price of 99,000. The property is located in the Beasley neighbourhood . It's been on the website for 2 Days.

  • Sale Of Business
    Property Type
  • MLS ID: X12740802
  • Office Name ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Property Description

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.

Property Details
  • MLS ID: X12740802
  • Price: $99,000
  • Lot Depth: 100
  • Transaction Types: For Sale
  • Ref ID: X12740802
  • Year Built: N/A
  • Dir / Cross St: King St E & Wellington Ave N
  • Status: Active
  • Tax Year: 2026
  • Property Type: Sale Of Business
  • Property Type: Commercial
  • Property Sub Category: Business
Price History
List Date MLS ID List Price Status End Date Closed Price
01/29/2026 X12740802 $99,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Beasley
  • $638,096 Average List Price
    based on 1 year
  • 32 New Listings
    based on 30 days
  • 79 Median Days on Market
    based on 1 year
  • List vs. Selling Price 2.9 % Up
  • Sold (12mo) 39
  • Rented (12mo) 65

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
Additional Details
  • Heat Type Gas Forced Air Open
  • Garage Type Other
  • Taxes: N/A
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 29/01/2026 23:06:05
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