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1 / 2017 locked
Active
MLS® C12771538

28 Macpherson Ave

Toronto C02, ON M5R 1W8

$9,995,000

Bedrooms

18

Bathrooms

18

Size

5000 + sqft

Type

3-Storey

Taxes (2025)

$36,973

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Description

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.

Price & Status History

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Property Details

Property TypeMultiplex
Style3-Storey
CommunityAnnex
Rooms47
Kitchens17
Washrooms18
Square Feet5000 + sqft
Lot Size5,856 sq ft
Lot Dimensions48.44 × 120 ft
Lot Size Area5,855.56 sqft (GeoWarehouse)
Fronting OnNorth
Dir/Cross StYonge Street and Macpherson Avenue
ViewCity, Downtown
Garage TypeNone
ExteriorBrick
RoofAsphalt Rolled, Asphalt Shingle
FoundationBlock
BasementPartially Finished
Heating TypeWater
Heating SourceGas
A/CWindow Unit(s)
SewersSewer
Taxes (2025)$36,973
HSTIncluded In
Listed Date2/9/2026
Days on Market100 days
Possession30-60 days
Vick Yogeswaran - REALTOR

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Listing Courtesy of:

ROYAL LEPAGE REAL ESTATE SERVICES LTD.

This listing is provided through the TRREB MLS® System.

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MLS® #C12771538

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