Was listed for:Expired Aug 10, 2026
$9,995,000

28 Macpherson Avenue

Toronto (The Annex), ON M5R 1W8

Multiplex ExpiredNot availableMLS® c12771538
  • 18Bedrooms
  • 18Bathrooms
  • 0Parking
  • 5K+Sq.Ft.
  • $36,973Tax
  • 48×120 ftLot Size

Sale & price history

  • Expired2026-02-09 – 2026-08-10

    MLS® c12771538

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28 Macpherson Avenue, Toronto(opens Google Maps in a new tab)

Summarized Description

  • Located in a supply constrained Toronto neighborhood
  • 17 self-contained suites for diversified income
  • Stable occupancy ensures predictable cash flow
  • Multiple value creation pathways for investors
  • Close to transit, parks, and schools
  • Strong owner occupancy supports rental demand
  • Potential for long-term asset appreciation
  • Ideal for private investors and family offices

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. Buyer to independently verify all information to inform their purchase, including but not limited to financial information, unit count, measurements, zoning, permitted uses, retrofit status, and development or expansion potential. Property sold in as is, where is condition, with no representations or warranties of any kind by the Seller or Listing Brokerage.

  • Storage
  • Other
  • City
  • Downtown
  • Public Transit
  • Place Of Worship
  • Library
  • Park
  • Landscaped
  • Lighting
  • Controlled Entry

Key Facts & Features

Property Costs

Annual Property Tax Amount
$36,973
Land Transfer Tax Fee
$542,650

Rental Items

Rental Equipment
Hot Water Heater at $453.21/Month (Inclusive of HST).
Under Contract
Hot Water Heater

Basement Type
Partially Finished

Interior Features

Laundry Level
Main Level
Interior Extras
Storage, Other
View
City, Downtown
Fireplace/Stove
No
Elevator
No

Exterior Features

Exterior Extras
Landscaped, Lighting, Controlled Entry
Pool
None
Property Features
Public Transit, Place Of Worship, Library, Park
Accessibility Features
Accessible Public Transit Nearby

Building

Building Type
Multiplex
Building Style
3-Storey

Construction

Exterior Finish
Brick
Roof
Asphalt Rolled, Asphalt Shingle
Foundation Details
Block
Special Designation
Unknown

Lot

Lot Front
48.44 ft
Lot Depth
120.00 ft
Lot Size
5855.56
Lot Shape
Rectangular

Inclusions

Inclusions
See schedule E

Exclusions

Exclusions
See Schedule E

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Spaces
0
Total Garage And Parking Spaces
0

Heating & Cooling

Heat Source
Gas
Heat Type
Water
Air Conditioning
Window Unit(s)
Water
Municipal
Sewers
Sewer
Natural Gas
Yes
Hydro
Yes
Cable
Yes
Telephone
Yes

Municipality
Toronto
Neighbourhood
The Annex
Main cross streets
Yonge Street and Macpherson Avenue
Zoning
R(f5;d0.6*892)
Directions
Head south on Avenue Road from St. Clair Avenue West. Turn left onto Macpherson Avenue and continue east until you reach 28 Macpherson Avenue.

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Around this home

9/100Almost All Errands Require a Car
0/100Minimal Transit
0/100Not rated
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  • Cottingham

    Public · elementary · 330 m

  • Jesse Ketchum

    Public · elementary · 680 m

  • Rosedale

    Public · elementary · 840 m

  • Brown

    Public · elementary · 990 m

  • Our Lady of Perpetual Help

    Private · elementary · 1.2 km

  • Deer Park

    Public · elementary · 1.2 km

  • Huron Street

    Public · elementary · 1.2 km

  • Whitney

    Public · elementary · 1.4 km

  • St. Joseph's

    Private · secondary · 1.6 km

  • Jarvis

    Public · secondary · 1.8 km

  • Rose Avenue

    Public · elementary · 1.9 km

  • Holy Rosary

    Private · elementary · 1.9 km

  • Hillcrest

    Public · elementary · 1.9 km

  • Church Street

    Public · elementary · 2.0 km

  • Our Lady of Lourdes

    Private · elementary · 2.0 km

For the owner

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Monthly payment

$39,040/month

On $9,995,000

%

$1,999,000

%
Amortization
$/month
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MLS® number
C12771538
Data source
Toronto Regional Real Estate Board
Status change
2026-08-10
Listed on
2026-02-09
Days on market
182 days
Possession type
Flexible
Co-op commission
2.5% +HST
Seller
Listed by
ROYAL LEPAGE REAL ESTATE SERVICES LTD.

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