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20 King Street E
Central Oshawa L1G 4Y5

$1,699,000
Residential Freehold beds: 6 baths: 5.0

Main Photo: 20 King Street E in Oshawa: Central House for sale : MLS®# E13695432
Photo 1: 20 King Street E in Oshawa: Central House for sale : MLS®# E13695432
Photo 2: 20 King Street E in Oshawa: Central House for sale : MLS®# E13695432
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Status:
Active
Prop. Type:
Residential Freehold
MLS® Num:
E13695432
Bedrooms:
6
Bathrooms:
5
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!
Property Type:
Residential Freehold
Property Sub Type:
Att/Row/Townhouse
Home Style:
2-Storey
Total Approx Floor Area:
3500-5000
Lot Depth:
0'
Lot Frontage:
0'
Lot Details:
0.00 x 0.00 Feet
Direction Faces:
East
Bedrooms:
6
Bathrooms:
5.0
Water supply:
Municipal
Kitchens:
4
Bedrooms Above Grade:
6
Kitchens Above Grade:
4
Rooms Above Grade:
12
Rooms:
0
Zoning:
Commercial/ multi use
Heating type:
Forced Air
Heating Fuel:
Gas
Cooling:
Yes
Foundation:
Concrete
Roof:
Asphalt Shingle
Basement:
Full
Fireplace/Stove:
No
Garage:
Other
Garage Spaces:
0.0
Parking Spaces:
1
Total Parking Spaces:
1.0
Family Room:
No
Possession Details:
tba
Pool:
None
HST Applicable To Sale Price:
Included In
Taxes:
$12,237 / 2026
Assessment:
$- / -
Durham
Oshawa
Central
Carpet Free
Brick
Special Designation:
Unknown
Sewers:
Septic
Air Conditioning:
Wall Unit(s)
Central Vacuum:
No
Seller Property Info Statement:
No
Date Listed:
Aug 20, 2026
Original Price:
Previous Price:
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Listed by RE/MAX EXCEL REALTY LTD.
Data was last updated August 20, 2026 at 02:15 PM (UTC)
Area Statistics
Listings on market:
62
Avg list price:
$699,000
Min list price:
$349,999
Max list price:
$1,030,000
Avg days on market:
44
Min days on market:
1
Max days on market:
320
These statistics are generated based on the current listing's property type and located in Oshawa. Average values are derived using median calculations. This data is not produced by the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.