Salehian.com 647-325-5000

46 Kensington Avenue MAIN/BASEMENT

Kensington-Chinatown, Toronto, M5T 2K1

$568,000

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Listed 36 days ago · MLS® C13783316

About this home

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.

Details

Type
Sale Of Business
Lot
13.73 × 95.75 ft
Garage
None
Property tax
$15,160 (2025)
Neighbourhood
Kensington-Chinatown
Municipality
Toronto C01

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Partial

Building and exterior

Building area
1,300 Square Feet

More

Possession
Flexible
Cross street
Dundas W & Spadina
Business type
Fast Food/Takeout

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 St. Patrick Subway15 min walk
  • 🚇 Queen's Park Subway16 min walk
  • 🚆 Toronto Union Station GO1.9 km

Within a 10-minute walk: 18 grocery stores, 443 cafés and restaurants, 18 parks, 27 pharmacies. Nearest grocery: Fruit Mart (50 m). Nearest park: Bellevue Square Park (150 m).

Schools nearby

Elementary

  • Ryerson Community School
    EQAO: Gr 6 reading 65%, math 26%    6 min walk
  • Westside Montessori School Private6 min walk
  • Beverley School7 min walk
  • Cornerstone Preparatory School Private8 min walk

Secondary

  • Downtown Vocal Music Academy of Toronto Private5 min walk
  • Subway Academy II Private7 min walk
  • Heydon Park Secondary School
    EQAO: Gr 9 math 8%    7 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M5T

Owners / renters
32% / 68%
Median household income
$61,600
Average age
42
Children under 15
7%
Homes
1% detached, 56% high-rise
Commute by transit
24%
Population
17,903

Languages spoken most at home besides English: Mandarin 10.4%, Yue (Cantonese) 9.2%, Vietnamese 1.3%, Spanish 1%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Kensington-Chinatown (2025): 126% above the Toronto average, down 13% from the year before.

  • Assault163% above average
  • Break and enter134% above average
  • Auto theft47% below average
  • Robbery146% above average
  • Theft from vehicles302% above average
  • Shootings169% above average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 3 active

  • 309 AUGUSTA AVE · 350 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2026
    Proposed six storey hotel with restaurant components containing 2194sqm of non-residential gross floor area. No parking is proposed.
    Application details
  • 353 COLLEGE ST · 400 m
    Site Plan · NOAC Issued · applied 2018
    Proposal for site plan approval related to a five storey addition to existing hostel with portion of ground floor to be used as retail
    Application details
  • 571 DUNDAS ST W · 200 m
    Plan of Subdivision · Draft Plan Approved · applied 2017
    Draft Plan of Subdivision to update the Master Plan approved in 2011.
    Application details
  • 571 DUNDAS ST W · 200 m
    Official Plan / Zoning By-law Amendment · Closed · applied 2026
    Zoning By-law Amendment application to lift the hold ('H') to By-law 842-2020 (Alexandra Park Phase 2B, Sites 9 and 17).
    Application details
  • 333 COLLEGE ST · 400 m
    Site Plan · Closed · applied 2025
    A 20-storey privately-owned student residence building containing 17,649 square metres of residential gross floor area and 60 square metres of retail gross…
    Application details
  • 333 COLLEGE ST · 400 m
    Official Plan / Zoning By-law Amendment · Closed · applied 2025
    Proposed 19-storey mixed-use building containg 746 rooms, Proposal contains 18, 404sqm of residential GFA, and 38sqm of non-residential GFA.
    Application details

6 more within 500 m.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 2 km. Transit times · Driving times

Coming transit

  • 🚧 Chinatown 650 m
  • 🚧 King West GO Transit1.1 km
  • 🚧 Osgoode 1.1 km

Stations under construction or approved. Opening dates are the latest public estimates and often move.

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built CR

Commercial Residential (with a site-specific exception).

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Building permits

No building permits at this address since 2014.

1 permit on this block of the street in the last 2 years.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

16 City street trees within 100 m, mostly honeys. That’s fewer than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by HOMELIFE NEW WORLD REALTY INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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