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Commercial Property in Toronto
Unit MAIN/BASEMENT at 46 Kensington Avenue
Fong On Foods Ltd is a well-established Asian food manufacturing, wholesale and retail business located on prime frontage in Toronto's iconic Kensington Market. Operating with a front-store and back-factory model, the company specializes in handmade traditional Asian tofu products, rice cakes, and premium Asian pastries. The business generates its core revenue from B2B wholesale distribution, with in-store retail serving as a steady supplementary income stream. Its product lineup includes fresh tofu, fried tofu, tofu pudding, traditional sugar rice cakes, and pandan mung bean cakes - high-demand daily essential food items with stable recurring consumption. The company has built long-term, reliable supply partnerships with major Asian supermarket chains across the Greater Toronto Area, including T&T Supermarket, Nations Fresh Foods, Foody Mart, Bestco, FreshWay, and Btrust. Tofu products are primarily distributed to local wholesale food companies, while signature pastries are supplied directly to retail supermarkets. The operating premise is leased at a monthly base rent of CAD 4,500 with no additional TMI fees. The tenancy has no fixed expiry date, and the landlord has confirmed willingness for continuous renewal. Future rent adjustments will be based solely on property tax increases, providing exceptional rental stability and predictable overhead costs compared to typical commercial leases in Toronto. The core value of this business lies in its established wholesale distribution channels, stable corporate client base, mature product formulas, decades-long local brand reputation, and consistent repeat order flow. All production equipment and operational assets are included in the business sale. As a staple fresh food manufacturer, the business features low cyclical risk, steady customer loyalty, and resilient demand throughout all seasons.
Toronto business priced at $568,000 — book a tour to see if it fits your search.
Inside 46 Kensington Ave #MAIN/BASEMENT
Every detail from the listing, in one place.
Type
Business
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Sale Of Business
46 Kensington Ave #MAIN/BASEMENT Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C13783316$568,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 46 Kensington Ave #MAIN/BASEMENT Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.
How long is your commute?
From 46 Kensington Ave #MAIN/BASEMENT. Typical times without traffic delays; transit times aren't available yet.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5194.5%On average, homes sold at or above asking.
Active listings11,825Homes for sale here right now.
Median vs prior 90 days+0.6%Compared with May 12 – Aug 10, 2026: prices up.
Based on 9,125 sales from Aug 10 – Nov 8, 2026 (7,196 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
How much is 46 Kensington Ave #MAIN/BASEMENT listed for?
46 Kensington Ave #MAIN/BASEMENT is listed at $568,000 (MLS® C13783316). Summitly updates the price as soon as the MLS® record changes.
Has the price of 46 Kensington Ave #MAIN/BASEMENT changed?
No — 46 Kensington Ave #MAIN/BASEMENT is still listed at its original asking price of $568,000.
How many bedrooms and bathrooms does 46 Kensington Ave #MAIN/BASEMENT have?
The listing for 46 Kensington Ave #MAIN/BASEMENT doesn't publish its bedroom and bathroom count. It is a commercial property in Toronto.
Is 46 Kensington Ave #MAIN/BASEMENT close to transit?
The nearest rapid-transit station is St. Patrick Station (Line 1), about 1.0 km (about a 13-minute walk) in a straight line. Queen's Park Station is about 1.1 km (about a 13-minute walk), and Osgoode Station is about 1.2 km (about a 15-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How does 46 Kensington Ave #MAIN/BASEMENT compare with other homes in Toronto?
Its asking price of $568,000 is about 33% below the median sold price in Toronto over the last 90 days, $844,900, across 9,125 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 46 Kensington Ave #MAIN/BASEMENT been sold before?
Summitly has no earlier MLS® sale or lease of 46 Kensington Ave #MAIN/BASEMENT on record from the last two years. Older records aren't shown under TRREB rules.
Where is 46 Kensington Ave #MAIN/BASEMENT?
46 Kensington Ave #MAIN/BASEMENT is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 46 Kensington Ave #MAIN/BASEMENT been on the market?
55 days — 46 Kensington Ave #MAIN/BASEMENT was listed on September 14, 2026.
What is the land transfer tax on 46 Kensington Ave #MAIN/BASEMENT?
About $15,670 at the asking price of $568,000: $7,835 Ontario land transfer tax plus $7,835 Toronto municipal land transfer tax. First-time buyers can get up to $4,000 back from Ontario and up to $4,475 from Toronto. Legal fees and other closing costs are extra.
How do I book a viewing of 46 Kensington Ave #MAIN/BASEMENT or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 46 Kensington Ave #MAIN/BASEMENT?
The listing for 46 Kensington Ave #MAIN/BASEMENT doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Toronto.
When was 46 Kensington Ave #MAIN/BASEMENT built?
The listing for 46 Kensington Ave #MAIN/BASEMENT doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
