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🛏️
18 Beds
🚿
18 Baths
🚗
0 Parking
📐
5000 +

$9,995,000

Multiplex

28 Macpherson Avenue, Toronto, ON M5R 1W8Annex

Listing Overview

MLS ID:C12771538
Status:New
Type:Residential Freehold / Multiplex
Style:3-Storey
Living Area:5000 +
Taxes:$36,973 / yr (2025)
Days on Market:57
Listed:2026-02-09
Last Updated:Feb 13, 2026
Cross Street:Yonge Street and Macpherson Avenue
Data Source:PROPTX

Interior

Beds (above):18
Bathrooms:18
Kitchens (above):17
Basement:Partially Finished

Utilities

Heat Type:Water
Heat Source:Gas

Outdoor / Lot

Lot Size:× 120ft
Direction Faces:North

Parking

Garage Type:None
Covered Spaces:0
Parking Spaces:0
Total Parking:0

Description

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.

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