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20 King Street E, Oshawa, ON L1G 4Y5

Oshawa, ON, L1G 4Y5 · Central

6 Beds
5 Baths
Sq Ft
1 Parking
Att/Row/Townhouse Type
E13695432 MLS#

About this property

Exceptional Turnkey Mixed-Use Investment Opportunity! Total rental income combined may be $12000 or more! Rare chance to own a thriving restaurant business together with a fully renovatedincome-producing property in the heart of downtown Oshawa. An ideal opportunity for investors, entrepreneurs, or owner-operators seekingmultiple streams of income. The main floor features the well-established Lucky Cho, a local landmark that has successfully operated for over 12years with a loyal customer base and strong, consistent revenue. This 2,500 sq. ft. restaurant offers an efficient layout, LLBO licence for 96indoor seats plus 30 patio seats, and is renowned for its thriving dine-in and high-volume takeout business. The property is strategically locatednear Ontario Tech University, Trent University Durham GTA, Durham College, Lakeridge Health Oshawa, hotels, the Oshawa Generals arena, andnumerous existing and upcoming residential developments, ensuring excellent exposure and steady customer traffic. The fully equippedcommercial kitchen includes a 20-foot exhaust hood, 5 refrigerators, 4 walk-in coolers/refrigeration units, and all equipment required forcontinued operation. The purchase includes all existing chattels, fixtures, trade name, menu, and operating rights, allowing for a seamlesstransition to new ownership. There is also a large basement offering additional storage or potential rental income. The upper level has beennewly renovated top to bottom and features three self-contained 2-bedroom suites, each with its own kitchen, full bathroom, and separate hydrometer. Modern finishes include contemporary cabinetry, quartz countertops, designer shower tile, laminate flooring, pot lights, brand-newappliances, and updated fixtures throughout. A shared laundry room is available for tenants. Each suite has the potential to generate approximately $2000 per month, providing a combined rental income of over $6000 monthly. DON'T MISS OUT this great business/investmentopportunity!

Features & Amenities

  • Basement: Full
  • Garage: Other
  • Cooling: Wall Unit(s)
  • Heat Type: Forced Air
  • Heat Source: Gas
  • Style: 2-Storey
  • Construction: Brick
  • Sewer: Septic

Property Details

Property Type Residential Freehold
Property Sub-Type Att/Row/Townhouse
Architectural Style 2-Storey
Bedrooms 6
Bathrooms 5
Basement Full
Garage Other
Parking Spaces 1
Heat Type Forced Air
Heat Source Gas
Cooling Wall Unit(s)
Sewer Septic
Annual Tax $12,237
Tax Year 2026

Interior Features

Interior Features
Carpet Free

Exterior Features

Pool Features
None

Building & Construction

Architectural Style
2-Storey
Construction Materials
Brick
Foundation Details
Concrete
Roof
Asphalt Shingle
Basement
Full

Heating & Cooling

Heat Type
Forced Air
Heat Source
Gas
Cooling
Wall Unit(s)
Cooling
Yes
Heating
Yes

Parking & Garage

Garage Type
Other
Parking Spaces
1
Parking Total
1.00
Covered Spaces
0

Lot & Land

Lot Size Units
Feet
Lot Depth
0.00
Lot Width
0.00

Financial & Tax

Tax Annual Amount
$12,237
Tax Year
2026
Possession Type
Flexible
Possession Details
tba

Utilities & Services

Sewer
Septic

Room Details

Rooms Above Grade
12
Rooms Total
0
Kitchens Above Grade
4
Kitchens Total
4
Bedrooms Above Grade
6

Additional Details

Occupant Type
Owner
Direction Faces
East
County Or Parish
Durham
Cross Street
Simcoe & King
Directions
Simcoe & King
Special Designation
Unknown
Showing Requirements
Go Direct

Location

20 King Street E, Oshawa, ON L1G 4Y5, Oshawa, ON, L1G 4Y5

Listing courtesy of RE/MAX EXCEL REALTY LTD.
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