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Multiplex for sale at 28 Macpherson Avenue, Toronto C02 - 18 bedroom, 18 bathroom - Photo 1 of 20
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$9,995,000

28 Macpherson Ave

Toronto C02, ON M5R 1W8

28 Macpherson Ave, Toronto C02Listed at $9,995,000. 18 bedroom, 18 bathroom 3-Storey. MLS® C12771538.

18Beds
18Baths
5000 +sqft
3-Storey
$36,973 (2025)

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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.

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 Market158 days
Possession30-60 days

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Listing Courtesy of: ROYAL LEPAGE REAL ESTATE SERVICES LTD.

MLS® #C12771538

TRREBMLS®

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2026 Toronto Regional Real Estate Board. All rights reserved.

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HouseIndex Take: 28 Macpherson Avenue

This multiplex (3-Storey) is located in the Annex neighbourhood of Toronto.

The home offers 18 bedrooms, 18 bathrooms.

Features include a partially finished basement.

Additional details: lot dimensions of 48.44 × 120 feet.

Listed at $9,995,000 CAD with annual property taxes of $36,973 (2025).

About Toronto Real Estate

This Multiplex is located in the Annex community in Toronto. Toronto is Canada's largest city and the economic hub of the Greater Toronto Area. With world-class transit, diverse neighbourhoods from the Annex to Scarborough, and proximity to major employers in the Financial District, it remains the most sought-after real estate market in Ontario. Buyers benefit from extensive GO Transit and TTC subway connectivity.

TTC subway & streetcar networkWorld-class dining & entertainmentUniversity of Toronto & major hospitals nearbyWaterfront trails & ravine parks
Walkability: Highly walkable — many neighbourhoods score 80+ on Walk Score
View full Toronto neighbourhood guide →