20 King ST E, Oshawa, ON L1G 4Y5
20 King ST E, Oshawa, ON L1G 4Y5
20 King ST E, Oshawa, ON L1G 4Y5
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Est. payment /mo
6 Beds
5 Baths
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Key Details

Property Type Townhouse

Sub Type Att/Row/Townhouse

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision Central

MLS Listing ID E13695432

Style 2-Storey

Bedrooms 6

Annual Tax Amount $12,237

Tax Year 2026

Property Sub-Type Att/Row/Townhouse

Property Description

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!

Location

Province ON

County Durham

Area Durham

Zoning Commercial/ multi use

Rooms

Family Room No

Basement Full

Kitchen 4

Interior

Interior Features Carpet Free

Cooling Wall Unit(s)

Exterior

Pool None

Roof Type Asphalt Shingle

Total Parking Spaces 1

Building

Foundation Concrete

Others

Senior Community No

ParcelsYN No


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Listed by RE/MAX EXCEL REALTY LTD.
Nearby School & Business

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Mike McCarthy
Mike McCarthy

Realtor | License ID: 4794661

+1(289) 919-5442 | mike@mikemccarthyrealty.com

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