Looking for a commercial residential for sale? These mixed-use properties offer flexibility and income potential, blending business space with residential living. Whether you’re an investor, entrepreneur, or buyer seeking passive income, commercial-residential real estate presents excellent long-term value.

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20 King Street E

Central Oshawa L1G 4Y5

$1,800,000 /For Sale

Commercial

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• Details
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Status:

Active

Prop. Type:

Commercial

MLS® Num:

E13541454

• Photos (32)

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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!

General Info:

Property Type:

Commercial

Property Sub Type:

Commercial Retail

Freestanding:

No

Total Area:

5000 sq. ft. Square Feet

Total Area:

5,000 sq. ft.465 m2

Retail Area:

2500 sq. ft. Sq Ft

Lot Depth:

0'0 m

Lot Frontage:

0'0 m

Lot Details:

0.00 x 0.00 Feet

Water supply:

Municipal

Rooms:

0

Zoning:

Commercial

Additional Info:

Heating type:

Gas Forced Air Closed

Cooling:

Yes

Garage:

Public

Possession Details:

tba

Financial Info:

HST Applicable To Sale Price:

Included In

Type Taxes:

Annual

Taxes:

$12,237 / 2026

Assessment:

$- / -

County:

Durham

Listing Area:

Oshawa

Listing Sub-Area:

Central

Area Influences:

Major Highway, Public Transit

Security Features:

Yes

Other Details:

Utilities:

Available

Air Conditioning:

Yes

Seller Property Info Statement:

No

Business Info:

Category:

Multi-Use

Franchise:

No

Days Open:

Open 7 Days

Outside Storage:

No

Listing Info:

Date Listed:

Jul 09, 2026

Original Price:

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Previous Price:

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Listed by RE/MAX EXCEL REALTY LTD.

Data was last updated July 9, 2026 at 12:15 PM (UTC)

• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

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.

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Why Choose a Commercial Residential Property?

• Dual Income Potential – Earn from both residential tenants and commercial leases
• Ideal for Business Owners – Live and work in the same space or rent one out
• High Demand in Urban Centers – Great appreciation in key GTA neighborhoods
• Tax Benefits – Potential deductions for property taxes, mortgage interest, and depreciation

Explore Commercial Residential Across the GTA

From downtown Toronto storefronts with apartments above to suburban mixed-use lots, the GTA offers diverse opportunities. Consider locations like:

• Hamilton & Durham – More affordable options with upside potential
• Toronto Core – High foot traffic and visibility
• Vaughan & Richmond Hill – Rapid suburban growth

Tips for Buying a Commercial Residential Property

Make sure to research zoning laws, expected rental yields, and property management needs. Consult professionals for financing, legal advice, and inspections.

Start Your Search for a Commercial Residential Property Today

Browse our listings to find a property that suits your investment goals or lifestyle. Whether you’re expanding a business or building long-term equity, now is the time to invest in this versatile property type.

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Each link provides updated listings and expert insights.

FAQs – Commercial Residential for Sale

1. What is a commercial residential property?
It’s a mixed-use property that combines residential living space with commercial units, like retail or office.

2. Are these properties good investments?
Yes. They offer dual income streams and strong appreciation in high-growth areas.

3. Can I live in the residential portion and rent the commercial part?
Absolutely. Many owners choose to occupy one space and lease the other for income.

4. What financing options are available?
You may need a commercial mortgage or mixed-use loan; rates and terms vary from traditional home loans.