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28 Macpherson Avenue
Annex Toronto M5R 1W8

$9,995,000
Residential Freehold beds: 18 baths: 18.0

Main Photo: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 1: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 2: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 3: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 4: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 5: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 6: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 7: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 8: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 9: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 10: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 11: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Status:
Active
Prop. Type:
Residential Freehold
MLS® Num:
C12771538
Bedrooms:
18
Bathrooms:
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.
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'
Lot Frontage:
48'5"
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
Date Listed:
Feb 09, 2026
Original Price:
Previous Price:
  • Photo 1: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Photo 1 of 11
  • Photo 2: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Photo 2 of 11
  • Photo 3: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Entrance
  • Photo 4: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    First Floor Landing
  • Photo 5: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Character Detail
  • Photo 6: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Living Room
  • Photo 7: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Living Room
  • Photo 8: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Dining Room
  • Photo 9: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Kitchen
  • Photo 10: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Bathroom, Closet, Bedroom Entrance
  • Photo 11: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Bedroom
Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Data was last updated May 24, 2026 at 12:15 PM (UTC)
Tanya Crepulja
Steven Fontes
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