$50,000 - 15 King Street, Oshawa
Commercial for Sale in Oshawa
129 days on market- MLS Number
- E12751726
- Property Type
- Commercial
- Status
- active
- Days on Site
- 129
- Bedrooms
- 0
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Oshawa
- Listing Brokerage
- KELLER WILLIAMS INSPIRE REALTY, BROKERAGE
Seize this exceptional opportunity to acquire a premier turnkey restaurant situated at the absolute epicenter of Downtown Oshawa's vibrant revitalization district. Located at 15 King Street West, this property commands one of the most coveted addresses in Durham Region, boasting massive pedestrian exposure and high-visibility street frontage just steps from the historic Four Corners. This is more than just a restaurant listing; it is a strategic chance to position your culinary brand at the intersection of commerce, education, and entertainment. The location is an absolute powerhouse for foot traffic, serving as a gateway to the city's thriving entertainment hub. Nestled near Tribute Communities Centre and the Regent Theatre, the business benefits from built-in, recession-resistant stream of event-goers, hockey fans, and concert attendees seeking pre-show dining and post-event drinks. The robust daytime economy is fueled by a dense population of professionals from the nearby Oshawa Courthouse, City Hall, and major financial institutions, alongside thousands of students and faculty from the sprawling Ontario Tech University downtown campus. This unique demographic mix guarantees a bustling trade from morning coffee through to late-night service. Internally, the unit offers a versatile layout designed for both high-volume efficiency and guest comfort. The space features inviting front-of-house dining area perfect for fostering a loyal following, paired with a functional commercial kitchen that significantly reduces initial capital expenditure. Whether you are launching a trendy independent bistro, a high-energy bar, or a quick-service franchise, the infrastructure is ready to accommodate your vision. With the downtown core undergoing a massive residential boom and an influx of new high-rise condo developments, you are investing in a neighborhood on the rise. Secure 15 King Street West now and establish your business as the cornerstone of Oshawa's culinary renaissance.
Estimate your monthly payments for this property
Estimated Payment
$256.53/mo
Includes CMHC insurance ($1,395)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Oshawa
Oshawa is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Oshawa
- •Convenient location in Oshawa
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Oshawa offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
15 King Street, Oshawa
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $25/sqft, this is priced on the lower end for commercial, which warrants investigating condition, zoning restrictions, and tenancy. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Extended Exposure — Negotiating Room
At 129 days on market, this commercial property has had significant exposure. Commercial listings typically take longer to sell than residential, but this timeline may indicate pricing or tenancy issues worth exploring. A motivated seller often means better terms for a prepared buyer.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Oshawa transactions.