11
See all 11 photos
$9,995,000
Est. payment /mo
18 Beds
18 Baths
Active
28 Macpherson AVE Toronto C02, ON M5R 1W8
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Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Municipality Toronto C02
Subdivision Annex
MLS Listing ID C12771538
Style 3-Storey
Bedrooms 18
Annual Tax Amount $36,973
Tax Year 2025
Property Sub-Type Multiplex
Property 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.
Location
Province ON
County Toronto
Community Toronto C02
Area Toronto
Zoning R(f5;d0.6*892)
Rooms
Basement Partially Finished
Kitchen 17
Interior
Interior Features Storage, Other
Cooling Window Unit(s)
Inclusions See schedule E
Exterior
Exterior Feature Landscaped, Lighting, Controlled Entry
Parking Features None
Pool None
View City, Downtown
Roof Type Asphalt Rolled,Asphalt Shingle
Building
Foundation Block
Others
ParcelsYN No
Lited by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
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