28 Macpherson Avenue, Toronto C02, ON M5R 1W8, Toronto C02, ON
Bed 18
Bath 18
Compelling opportunity to acquire a well located multi-residential investment asset in one of Toronto's most established and supply constrained neighbourhoods. The building comprises 17 self-contained suites, providing diversified in place income supported by functional unit layouts, good natural light, and consistent rental appeal, resulting in stable occupancy and predictable cash flow. The asset presents multiple value creation pathways for investors, including income optimization through turnover and rent resets, operational efficiencies, targeted capital improvements, and longer term repositioning potential, all subject to applicable municipal approvals. Generous lot size and favourable residential zoning characteristics contribute to future optionality while preserving the existing income profile. Location underpins the investment thesis, with close proximity to transit, major employment nodes, parks, schools, and everyday amenities, driving durable rental demand and limiting downside risk. The surrounding neighbourhood is characterized by strong owner occupancy, limited new rental supply, and continued capital investment, supporting long term rent growth and asset appreciation. Well suited for private investors, family offices, and owner operators seeking a stabilized Toronto rental asset with embedded upside and strategic flexibility.
Property Highlights
For Sale
MLS NO.
C12771538
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
18
Bathrooms
18
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
C12771538
Living Area Range
5000 +
Total Bedrooms
18
Bedrooms Above Grade
18
Total Bathrooms
18
Total Kitchens
17
Kitchens Above Grade
17
Rooms Above Grade
47
Interior Features
Storage, Other
Fireplace
No
Central Vacuum Yn
No
Construction
Brick
Roof
Asphalt Rolled, Asphalt Shingle
Lot Width
48.44
Lot Size
5855.56
Lot Size Units
SquareFeet
Parking Features
None
Parking Total
0.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
North
Cooling
Window Unit(s)
Heat Source
Gas
Heat Type
Water
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
28 Macpherson Avenue, Toronto C02, ON M5R 1W8
City
Toronto C02
Neighbourhood
Annex
County / Region
Toronto
Province / State
ON
Postal Code
M5R 1W8
Cross Street
Yonge Street and Macpherson Avenue
Directions
Head south on Avenue Road from St. Clair Avenue West. Turn left onto Macpherson Avenue and continue east until you reach 28 Macpherson Avenue.
Country
CA
List Price
$9,995,000
Annual Taxes
$36,973
Tax Year
2025
Legal Description
LT 21 PL 741 CITY EAST; PT LT 20, 22 PL 741 CITY EAST AS IN CT209675; S/T & T/W CT209675; CITY OF TORONTO
Possession Type
Flexible
Possession Details
30-60 days
Listing Office
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Board
Toronto Regional Real Estate Board
Original Entry
2026-02-09T16:09:51Z
Media Updated
2026-02-09T16:09:51Z
Photos Updated
2026-02-09T16:09:51Z
Last Modified
2026-02-13T20:38:10Z
System Modified
2026-02-13T20:38:11.00053Z
MLS Status
New
Architectural Style
3-Storey
Basement
Partially Finished
Co List Office Name
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Ddfyn
Yes
Expiration Date
2026-08-10
Foundation Details
Block
Heat Source Multi
Gas
Heat Type Multi
Water
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
211930483
Parking Spaces
0
Property Features
Public Transit, Place Of Worship, Library, Park
Public Remarks
Compelling opportunity to acquire a well located multi-residential investment asset in one of Toronto's most established and supply constrained neighbourhoods. The building comprises 17 self-contained suites, providing diversified in place income supported by functional unit layouts, good natural light, and consistent rental appeal, resulting in stable occupancy and predictable cash flow. The asset presents multiple value creation pathways for investors, including income optimization through turnover and rent resets, operational efficiencies, targeted capital improvements, and longer term repositioning potential, all subject to applicable municipal approvals. Generous lot size and favourable residential zoning characteristics contribute to future optionality while preserving the existing income profile. Location underpins the investment thesis, with close proximity to transit, major employment nodes, parks, schools, and everyday amenities, driving durable rental demand and limiting downside risk. The surrounding neighbourhood is characterized by strong owner occupancy, limited new rental supply, and continued capital investment, supporting long term rent growth and asset appreciation. Well suited for private investors, family offices, and owner operators seeking a stabilized Toronto rental asset with embedded upside and strategic flexibility.
