20 King Street
Oshawa, ON
- 5,000 sqft
- Commercial Retail
- 67 days on market
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!
Listing Details
- Taxes (2026)
- $12,237
- Listed
- July 8, 2026
Price History
Listing history
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Parking
- Garage
- Public
Location & Legal
- Cross Street
- Simcoe & King
- Zoning
- Commercial
- Parcel Number
- 163150045
- Possession
- Flexible
- Occupancy
- Owner
Community
Postal area L1G
- Population
- 43,497
- Private dwellings
- 19,291
- Median age
- 43.2
- Average household size
- 2.3
- Median household income
- $75,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Oshawa · last 12 months
- Median sold price
- $679,500
- Homes sold
- 1,892
- Median days on market
- 19
- Sale-to-list price
- 99.7%
Based on 1,892 recorded sales of commercial properties in Oshawa over the last 12 months.
Listed by
RE/MAX EXCEL REALTY LTD.
Walk Score
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Location
Street View
Commercial figures
- Building area
- 5,000 sq ft
- Price per sq ft
- $360.00
- Annual property tax
- $12,237
- Tax per sq ft
- $2.45
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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