28 MACPHERSON AVENUE

$9,995,000

Annex, Toronto, Ontario

  • 18 beds
  • 18 baths
Commercial · Multi-familyType
0Parking
Natural gasHeating
Window air conditionerCooling
200Days on market

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.

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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).