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