Image missing.
Toronto 'ghost hotel' in Kensington Market is being sold under power of sale

Misha Gajewski

created: Aug. 28, 2025, 4:01 a.m. | updated: Aug. 29, 2025, 4:38 a.m.

Kensington Market has always been one of Toronto's most fiercely protected neighbourhoods — but that hasn't stopped developers from circling like vultures overhead. However, one significant chunk of Kensington Market has just hit the market under the power of sale, and could become the next ground zero in the area's longstanding battle with developers. That's above the GTA average of $325K per unit, but pretty much on par for downtown Toronto. Whether it's turned into boutique student housing, high-end lofts, or a co-living setup, 38 Kensington Pl. You just have to make it through the minefield of developing in Kensington Market first.

1 month, 1 week ago: blogTO