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