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28 Macpherson Avenue
Annex
Toronto
M5R 1W8
$9,995,000
Residential Freehold
beds: 18
baths: 18.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- C12771538
- Bedrooms:
- 18
- Bathrooms:
- 18
- Photos (19)
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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. Buyer to independently verify all information to inform their purchase, including but not limited to financial information, unit count, measurements, zoning, permitted uses, retrofit status, and development or expansion potential. Property sold in as is, where is condition, with no representations or warranties of any kind by the Seller or Listing Brokerage.
- Under Contract:
- Hot Water Heater
- Property Type:
- Residential Freehold
- Property Sub Type:
- Multiplex
- Home Style:
- 3-Storey
- Total Approx Floor Area:
- 5000 +
- Lot Depth:
- 120'36.6 m
- Lot Frontage:
- 48'5"14.8 m
- Lot Shape:
- Rectangular
- Topography:
- Flat
- Direction Faces:
- North
- Bedrooms:
- 18
- Bathrooms:
- 18.0
- Water supply:
- Municipal
- Kitchens:
- 17
- Bedrooms Above Grade:
- 18
- Kitchens Above Grade:
- 17
- Rooms Above Grade:
- 47
- Fractional Ownership:
- No
- Zoning:
- R(f5;d0.6*892)
- Assignment:
- No
- Heating type:
- Water
- Heating Fuel:
- Gas
- Foundation:
- Block
- Roof:
- Asphalt Rolled, Asphalt Shingle
- Basement:
- Partially Finished
- Fireplace/Stove:
- No
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Features:
- None
- Parking Spaces:
- 0
- Total Parking Spaces:
- 0.0
- Family Room:
- No
- Possession Details:
- 30-60 days
- Pool:
- None
- HST Applicable To Sale Price:
- Included In
- Assessment:
- $3,088,000
- Assessment Year:
- 2025
- Taxes:
- $36,973 / 2025
- Assessment:
- $3,088,000.00 / 2025
- Toronto
- Toronto C02
- Annex
- Public Transit, Place Of Worship, Library, Park
- Storage, Other
- Landscaped, Lighting, Controlled Entry
- Hot Water Heater at $453.21/Month (Inclusive of HST).
- See schedule E
- See Schedule E
- Brick
- No
- No
- City, Downtown
- Accessible Public Transit Nearby
- Utilities Cable:
- Yes
- Utilities Telephone:
- Yes
- Utilities Gas:
- Yes
- Utilities Hydro:
- Yes
- Utilities Water:
- Yes
- Sewers:
- Yes
- Energy Certification:
- No
- Green Property Information Statement:
- No
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- Window Unit(s)
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Laundry Level:
- Main Level
-
Facade
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Facade Street View
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Exterior Entrance
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Aerial Shot
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Aerial Shot
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Overhead Aerial Shot
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Entrance
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First Floor Landing
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Character Detail
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Living Room
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Living Room
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Dining Room
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Kitchen
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Bathroom, Closet, Bedroom Entrance
-
Bedroom
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Aerial North View
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Aerial South View
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Alternate Aerial South View
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Immediate Yonge Street Pocket
Larger map options:
Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Data was last updated February 10, 2026 at 06:15 AM (UTC)
- Tanya Crepulja
- Keller Williams Real Estate Associates, Brokerage
- 647-293-3785
- tanya@tcteam.ca
- Steven Fontes
- Keller Williams Real Estate Associates, Brokerage
- 416-831-2161
- steve@tcteam.ca
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