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28 Macpherson Avenue Toronto C02 ON

📍 Toronto, Ontario M5R 1W8

$9,995,000

Active
18BEDS
18BATHS
17KITCHENS
48.44×120LOT (FT)

📋 Listing Highlights

StatusActive
MLS®C12771538
ListedFeb 9, 2026
Days on Market—
Property TypeResidential Freehold
StyleMultiplex
Cross StreetYonge Street and Macpherson Avenue
Possession30-60 days

📝 Listing 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.

🏠 Property Details

Property TypeResidential Freehold
StyleMultiplex
Bedrooms18
Bathrooms18
Kitchens17

📐 Lot & Land

Lot Width48.44 ft
Lot Depth120 ft
Lot Size5855.56 sqft
Cross StreetYonge Street and Macpherson Avenue

🔧 Building & Utilities

Heat SourceGas
HeatingWater
CoolingWindow Unit(s)
BasementPartially Finished
GarageNone
ConstructionBrick
RoofAsphalt Rolled, Asphalt Shingle

💰 Financial

List Price$9,995,000
Annual Taxes$36,973 (2025)
Possession30-60 days

🧮 Mortgage Calculator

$1,999,000
Est. Monthly Payment
$49,102/mo
Principal: $7,996,000 · P+I only
Does not include taxes, insurance or CMHC
Listing provided by ROYAL LEPAGE REAL ESTATE SERVICES LTD.Data via PropTx MLS® / TRREB. Information deemed reliable but not guaranteed.MLS® #C12771538 · Last updated: Jul 14, 2026

Information deemed reliable but not guaranteed. © TRREB / PropTx. MLS® is a trademark of CREA. This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.