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MAIN/BASEMENT 46 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01) : MLS®# C13783316

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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MAIN/BASEMENT 46 Kensington Avenue
Kensington-Chinatown Toronto M5T 2K1

$568,000 /For Sale
Commercial

Main Photo: MAIN/BASEMENT 46 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01) : MLS®# C13783316
Photo 1: MAIN/BASEMENT 46 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01) : MLS®# C13783316
Photo 2: MAIN/BASEMENT 46 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01) : MLS®# C13783316
Photo 3: MAIN/BASEMENT 46 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01) : MLS®# C13783316
Photo 4: MAIN/BASEMENT 46 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01) : MLS®# C13783316
Photo 5: MAIN/BASEMENT 46 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01) : MLS®# C13783316
Photo 6: MAIN/BASEMENT 46 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01) : MLS®# C13783316
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13783316
Bus Major:
Fast Food/Takeout
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.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Total Area:
1300 sq. ft. Square Feet
Total Area:
1,300 sq. ft.
Retail Area:
1300 sq. ft. Sq Ft
Lot Depth:
95'9"
Lot Frontage:
13'8¾"
Water supply:
Municipal
Rooms:
0
Zoning:
Com
Heating type:
Gas Forced Air Open
Garage:
None
HST Applicable To Sale Price:
In Addition To
Development Charges Paid:
No
Type Taxes:
TMI
Taxes:
$15,160 / 2025
Assessment:
$- / -
Toronto
Toronto C01
Kensington-Chinatown
Public Transit
Energy Certification:
No
Green Property Information Statement:
No
Air Conditioning:
Partial
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Fast Food/Takeout
Category:
Without Property
Franchise:
No
Hours Open:
9-5PM
Employees:
6
Chattels:
Yes
LLBO:
No
Seats:
2
Date Listed:
Sep 15, 2026
Original Price:
Previous Price:
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Listed by HOMELIFE NEW WORLD REALTY INC.
Data was last updated September 15, 2026 at 12:15 AM (UTC)
DARYL KING
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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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.