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$9,995,000
28 Macpherson Avenue • Toronto, ONNew
Courtesy of ROYAL LEPAGE REAL ESTATE SERVICES LTD.
18
Bedrooms
18
Bathrooms
5000 +
Square feet
0
Parking

About this home

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 type
Multiplex
Style
3-Storey
Total rooms
47
Lot size
48.44 × 120 ft
Property taxes
$36,973 (2025)
Occupancy
30-60 days
Days on market
163
Status
Active
MLS®

Property history

Recently sold nearby

Listing data last updated: May 11, 2026, 1:49 p.m. EDT via TRREB IDX.

First listed: Feb 9, 2026, 11:09 a.m. EST.