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For sale
  • C$9,995,000

    28 Macpherson Ave, Toronto, ON M5R 1W8

    18beds
    18baths
    Multi Family
    Built in ----
    -- sqft lot
    $-- Zestimate®
    C$--/sqft
    C$-- HOA

    What's special

    Functional unit layoutsGood natural lightGenerous lot size
    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.
    143 days
    |
    73
    |
    4
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    ROYAL LEPAGE REAL ESTATE SERVICES LTD.

    Source: TRREB,MLS®#: C12771538MLS LogoOriginating MLS®#: Toronto Regional Real Estate Board

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 18
      • Bathrooms: 18
      Heating
      • Water, Gas
      Cooling
      • Window Unit(s)
      Features
      • Storage, Other
      • Basement: Partially Finished
      • Has fireplace: No
      Interior area
      • Living area range: 5000 + null

      Property

      Parking
      • Parking features: None
      Accessibility
      • Accessibility features: Accessible Public Transit Nearby
      Features
      • Stories: 3
      • Exterior features: Landscaped, Lighting, Controlled Entry
      • Pool features: None
      • Has view: Yes
      • View description: City, Downtown
      Lot
      • Size: 5,855 Square Feet
      • Features: Public Transit, Place Of Worship, Library, Park, Rectangular Lot
      • Topography: Flat
      Details
      • Parcel number: 211930483

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Brick
      • Foundation: Block
      • Roof: Asphalt Rolled,Asphalt Shingle

      Utilities & green energy

      • Sewer: Sewer

      Community & HOA

      Location
      • Region: Toronto

      Financial & listing details

      • Tax assessed value: C$3,088,000
      • Annual tax amount: C$36,973
      • Date on market: 2/9/2026
      ROYAL LEPAGE REAL ESTATE SERVICES LTD.

      ROYAL LEPAGE REAL ESTATE SERVICES LTD.

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        Price history

        Price history is unavailable.

        Public tax history

        Tax history is unavailable.

        Climate risks

        Neighborhood: Annex

        Getting around

        98 / 100
        Walker's Paradise
        75 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

        No schools nearby

        We couldn't find any schools near this home.