20 King Street E,Oshawa, ON L1G 4Y5
Oshawa, ON L1G 4Y5
Description
Exceptional Turnkey Mixed-Use Investment Opportunity! Rare chance to own a thriving restaurant business together with a fully renovated income-producing property in the heart of downtown Oshawa. An ideal opportunity for investors, entrepreneurs, or owner-operators seeking multiple streams of income. The main floor features the well-established Lucky Cho, a local landmark that has successfully operated for over 12 years with a loyal customer base and strong, consistent revenue. This 2,500 sq. ft. restaurant offers an efficient layout, LLBO licence for 96 indoor seats plus 30 patio seats, and is renowned for its thriving dine-in and high-volume takeout business. The property is strategically located near Ontario Tech University, Trent University Durham GTA, Durham College, Lakeridge Health Oshawa, hotels, the Oshawa Generals arena, and numerous existing and upcoming residential developments, ensuring excellent exposure and steady customer traffic. The fully equipped commercial kitchen includes a 20-foot exhaust hood, 5 refrigerators, 4 walk-in coolers/refrigeration units, and all equipment required for continued operation. The purchase includes all existing chattels, fixtures, trade name, menu, and operating rights, allowing for a seamless transition to new ownership. There is also a large basement offering additional storage or potential rental income. The upper level has been newly renovated top to bottom and features three self-contained 2-bedroom suites, each with its own kitchen, full bathroom, and separate hydro meter. Modern finishes include contemporary cabinetry, quartz countertops, designer shower tile, laminate flooring, pot lights, brand-new appliances, and updated fixtures throughout. A shared laundry room is available for tenants. Each suite has the potential to generate approximately $1,500 per month, providing a combined rental income of over $4,500 monthly. DON'T MISS OUT this great business/investment opportunity!
Details
| MLS # | E13678206 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 18 |
| Listing Provided By | RE/MAX EXCEL REALTY LTD. | E13678206 173501 |
Features
| SQ Feet | 5,000 |
|---|---|
| Acreage | 0.11 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Yes |
| Rooms Total | 0 |
Exterior
| Community Features | Major Highway, Public Transit |
|---|---|
| Security Features | Yes |
Utilities
| Utilities | Available |
|---|
Taxes
| Tax Annual Amount | 12237 |
|---|---|
| Tax Type | Annual |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| Region | Durham |
| City | Oshawa |
| Postal Code | L1G 4Y5 |
| Area | Central |
| Listing VS Median (in L1G 4Y5) | |
Price: $1,699,000 low | high Med: $849,510 sqft: 5,000 low | high Med: 3,543 $ / sqft: $340 low | high Med: $170 On site: 18 low | high Med: 48 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Durham |
| City | Oshawa |
| Postal Code | L1G 4Y5 |
| Area | Central |
| Listing VS Median (in L1G 4Y5) | |
Price: $1,699,000 low | high Med: $849,510 sqft: 5,000 low | high Med: 3,543 $ / sqft: $340 low | high Med: $170 On site: 18 low | high Med: 48 | |
