Kensington-Chinatown Real Estate
To the east of Kensington proper, and forming an important part of this district, is Chinatown. First developed in the late 19th century, it is now one of the largest Chinatowns in North America and one of six major Chinese-Canadian communities in the Greater Toronto Area.
Today the neighbourhood is a noted tourist attraction, and a centre of Toronto's cultural life and home to one of Canada's few cannabis cafés, boutiques, and head shops. Land prices in the area have increased sharply, but despite its increased appeal to professionals, Kensington still remains a predominantly working class, immigrant community. Since the mid 2000's, residents and businesses have organized a series of Summer Pedestrian Sunday events. Live music, dancing, street theatre and games are among the special events on the closed streets.
To the east and south of the Market are three major down-town campuses including University of Toronto, OCAD University (formerly the Ontario College of Art and Design), and Ryerson University. Many students live in the small houses and lofts in the neighbourhood. The diversity brings a wonderful multicultural flavour to the district.
Kensington-Chinatown Listings Summary
Kensington-Chinatown - Town vs. Region Stats
Avg Price in Kensington-Chinatown: $1,031,800 / Region Avg $1,315,800
Avg Taxes in Kensington-Chinatown: $3,500 / Region Avg $4,200
Avg Sq. Ft. in Kensington-Chinatown: 986 / Region Avg 1,785
Avg Price per/sqft in Kensington-Chinatown:$1047 / Region Avg $737
Avg Walkscore in Kensington-Chinatown: 98 / Region Avg 72
Avg Days on Website in Kensington-Chinatown: 39 / Region Avg 39