$1,800,000
Available - For Sale
Listing ID: E13541454
20 King Street East , Oshawa, L1G 4Y5, Durham
| 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! |
| Price | $1,800,000 |
| Taxes: | $12237.00 |
| Tax Type: | Annual |
| Occupancy: | Owner |
| District: | E19 |
| Address: | 20 King Street East , Oshawa, L1G 4Y5, Durham |
| Postal Code: | L1G 4Y5 |
| Province/State: | Durham |
| Directions/Cross Streets: | Simcoe & King |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Multi-Use |
| Building Percentage: | F |
| Total Area: | 5000.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway Public Transit |
| Franchise: | F |
| Days Open: | O |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Outside Storage: | F |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
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| RE/MAX EXCEL REALTY LTD. |
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Po Paul Chen
Broker
Dir:
647-283-2020
Bus:
905-475-4750
Fax:
905-475-4770
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Durham |
| Municipality: | Oshawa |
| Neighbourhood: | Central |
| Tax: | $12,237 |
| Fireplace: | N |
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