28 Macpherson Avenue Toronto, Ontario M5R 1W8
18 Bedroom
18 Bathroom
5,000 - 100,000 ft2
Window Air Conditioner
Landscaped
$9,995,000
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. (id:15069)
Property Details
| MLS® Number | C12771538 |
| Property Type | Multi-family |
| Community Name | Annex |
| Amenities Near By | Public Transit, Place Of Worship, Park |
| Equipment Type | Water Heater |
| Features | Flat Site, Lighting |
| Rental Equipment Type | Water Heater |
| View Type | City View |
Building
| Bathroom Total | 18 |
| Bedrooms Above Ground | 18 |
| Bedrooms Total | 18 |
| Basement Development | Partially Finished |
| Basement Type | N/a (partially Finished) |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick |
| Fire Protection | Controlled Entry |
| Foundation Type | Block |
| Stories Total | 3 |
| Size Interior | 5,000 - 100,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Public Transit, Place Of Worship, Park |
| Landscape Features | Landscaped |
| Sewer | Sanitary Sewer |
| Size Depth | 120 Ft |
| Size Frontage | 48 Ft ,4 In |
| Size Irregular | 48.4 X 120 Ft |
| Size Total Text | 48.4 X 120 Ft |
| Zoning Description | R(f5;d0.6*892) |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29339696/28-macpherson-avenue-toronto-annex-annex
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February 13 2026 09:08:28
Toronto Regional Real Estate Board
Royal LePage Real Estate Services Ltd.