28 Macpherson Avenue, Toronto, ON

Toronto, Central Toronto, Annex Hood
Yonge Street and Macpherson Avenue
18 Br | 18 Bath | 5000 + Sqft
$9,995,000 For Sale

Property Overview

  • Multiplex — 3-Storey
  • SqFt: | 5000 + Sqft
  • Lot Size: 48.44 x 120.00 Feet
  • Age: n/a
  • Basement: Partially Finished
  • Exterior: Brick
  • Taxes: 36,973 / 2025
  • Zoning: n/a
  • MLS #: C12771538
  • Sewer: Sewer
  • Heat Source: Gas , Water

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.

See schedule E

Property Details

  • For: For Sale
  • Type: Multiplex
  • Style: 3-Storey
  • Lot: 48.44 x 120.00 Feet
  • Region: Toronto
  • Hood: Annex
  • Zoning: n/a
  • Lot Irreg: Fronting on: North
  • Fronting On: North

Building Details

  • Age: n/a
  • Exterior: Brick
  • Heat: Gas , Water
  • A/C: Window Unit(s)
  • Interior Features: Storage, Other
  • Pool: None
  • Sewer: Sewer
  • Garage: None
  • Total Parking: 0.00
  • Driveway: None

Property Interior

  • Sqft: 5000 + Sqft
  • Bed: 18
  • Bath: 18
  • Kitchen: 17
  • Family Room: No
  • Basement: Partially Finished
Property Listed by: ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Virtual Tour: n/a

Home Valuation Estimate

What is 28 Macpherson Avenue, Toronto, ON worth in today’s Annex, Central Toronto market?

This HomeZira valuation preview helps buyers and sellers think through the asking price for this 18-bedroom Multiplex with 5000 + sq. ft. in Annex, Central Toronto. The full estimate reviews the property’s location, home type, bedroom count, size range, age, and nearby comparable market activity after sign-in.

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Location

  • Address: 28 Macpherson Avenue
  • Neighborhood: Annex
  • Zip/Postal Code: M5R 1W8
  • Nearby Amenities: Public Transit, Place Of Worship, Library, Park
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About 28 Macpherson Avenue, Toronto C02, ON M5R 1W8, Central Toronto

Located at 28 Macpherson Avenue, Toronto, ON in Central Toronto (Annex neighbourhood), near Yonge Street and Macpherson Avenue. This freehold home offers Multiplex, ["3-Storey"], 18 bedrooms, 18 bathrooms and 5000 + sq.ft. (approx.) in a layout suited to everyday family living. Basement: Partially Finished • Garage: None • Heating: Gas Water • Cooling: Window Unit(s). Property taxes are approximately $36,973 for 2025. 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 o.

FAQs for 28 Macpherson Avenue, Toronto, ON , Annex , Central Toronto

What are the listing details for 28 Macpherson Avenue, Toronto, ON?
28 Macpherson Avenue, Toronto, ON is a Multiplex for sale in Central Toronto, in the Annex neighbourhood, Toronto. The current list price is $9,995,000. MLS number: C12771538.
How many bedrooms and bathrooms does this home have?
28 Macpherson Avenue, Toronto, ON is listed as a Multiplex with a ["3-Storey"] style, featuring 18 bedroom(s) and 18 bathroom(s). The listed interior size range is 5000 + sq. ft..
What lot, basement, garage, or parking details are listed?
The lot size is listed as approximately 48.44 x 120.00 Feet. The basement is listed as: Partially Finished. Garage type: None. Total parking: 0 space(s).
What heating, cooling, and exterior details are shown?
Heating is listed as: Gas, Water. Cooling is listed as: Window Unit(s). Exterior/construction materials are listed as: Brick.
Where is this property located?
28 Macpherson Avenue, Toronto, ON is located in the Annex neighbourhood of Central Toronto. The listed cross street is Yonge Street and Macpherson Avenue.
What information is available on this public listing page?
The public listing page shows current active listing information, property photos, room details when available, map location, listed price, property features, and contact options. Annual taxes are listed as $36,973 / 2025. Valuation tools and similar sold-property previews are available after sign-in where applicable, without displaying sold data in this public FAQ.

FAQ content is based on current active listing fields shown on this page. Sold prices, sold comparables, and VOW-only details are not included in this public FAQ.