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28 Macpherson Avenue, Toronto, ON M5R 1W8

Toronto C02, ON, M5R 1W8 · Annex

18 Beds
18 Baths
Sq Ft
Multiplex Type
C12771538 MLS#

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.

Features & Amenities

  • Basement: Partially Finished
  • Garage: None
  • Cooling: Window Unit(s)
  • Heat Type: Water
  • Heat Source: Gas
  • Style: 3-Storey
  • Construction: Brick
  • Sewer: Sewer

Property Details

Property Type Residential Freehold
Property Sub-Type Multiplex
Architectural Style 3-Storey
Bedrooms 18
Bathrooms 18
Lot Size 5,856 Feet
Basement Partially Finished
Garage None
Heat Type Water
Heat Source Gas
Cooling Window Unit(s)
Sewer Sewer
Annual Tax $36,973
Tax Year 2025

Interior Features

Interior Features
Storage, Other

Exterior Features

Exterior Features
Landscaped, Lighting, Controlled Entry
Pool Features
None

Building & Construction

Architectural Style
3-Storey
Construction Materials
Brick
Foundation Details
Block
Roof
Asphalt Rolled, Asphalt Shingle
Basement
Partially Finished

Heating & Cooling

Heat Type
Water
Heat Source
Gas
Cooling
Window Unit(s)

Parking & Garage

Garage Type
None
Parking Spaces
0
Parking Total
0.00
Parking Features
None
Covered Spaces
0

Lot & Land

Lot Size Area
5855.56
Lot Size Units
Feet
Lot Depth
120.00
Lot Width
48.44

Community & Neighborhood

Property Features
Public Transit, Place Of Worship, Library, Park

Financial & Tax

Tax Annual Amount
$36,973
Tax Year
2025
Tax Assessed Value
$3,088,000
Possession Type
Flexible
Possession Details
30-60 days

Utilities & Services

Sewer
Sewer

Room Details

Rooms Above Grade
47
Kitchens Above Grade
17
Kitchens Total
17
Bedrooms Above Grade
18

Additional Details

Occupant Type
Tenant
Direction Faces
North
County Or Parish
Toronto
Cross Street
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.
Special Designation
Unknown
Showing Requirements
Go Direct, List Salesperson

Location

28 Macpherson Avenue, Toronto, ON M5R 1W8, Toronto C02, ON, M5R 1W8

Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES LTD.
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