28 MACPHERSON AVENUE
Annex, Toronto, Ontario
- 18 beds
- 18 baths
About this property
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:45603)
Property details
Interior
- Bedrooms
- 18
- Bedrooms above grade
- 18
- Bathrooms
- 18
- Storeys
- 3
- Basement
- Partially finished, N/A
Exterior & parking
- Structure type
- Other
- Architectural style
- []
- Lot size
- 48.4 x 120 FT
- Parking spaces
- 0
- Parking features
- No Garage
- View
- City view
- Exterior features
- Brick
Building & HOA
- Heating
- Natural gas
- Cooling
- Window air conditioner
Financial & legal
- List price
- $9,995,000
- Annual taxes
- $36,973 (2025)
- Status
- Active
- MLS® number
- C12771538
Location
- City
- Toronto
- Neighbourhood
- Annex
- Province
- Ontario
- Postal code
- M5R1W8
- Directions
- Cross Streets: Yonge Street and Macpherson Avenue. ** Directions: Head south on Avenue Road from St. Clair Avenue West. Turn left onto Macpherson Avenue and continue east until you reach 28 Macpherson Avenue.
Mortgage calculator
Estimate only — excludes taxes, insurance and CMHC. Contact us for a real quote.
Location & neighbourhood
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Listing data provided under the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed. REALTOR®, MLS® and associated logos are owned by The Canadian Real Estate Association (CREA).
