Save your favourites without logging in, or giving your phone number
Work with us
Search properties
Price
Bedrooms
Bathrooms
Property type
More filters
View all 19 photos →
28 Macpherson Avenue
+17 more photos
For Sale
28 Macpherson Avenue
Annex, Toronto M5R1W8
$9,995,000
MLS® C12771538
Bedrooms
18
Bathrooms
18
Parking
Interior
5000 - 100000 sqft
Lot size
48 ft ,4 in×120 ft ft
Type
Multi-family
Other
About this property
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.
Features & highlights
Flat site
Lighting
Public Transit
Place of Worship
Park
Property details
Basement Partially finished, N/A (Partially finished)
Cooling Window air conditioner
Exterior Brick
Lot dimensions 48 ft ,4 in × 120 ft ft
Sewer Sanitary sewer
Water Municipal water
Listed Feb 9, 2026
Days on market 82 days
Listing brokerage Royal Lepage Real Estate Services Ltd.
MLS® C12771538
$9,995,000
28 Macpherson Avenue
Annex, Toronto
MLS® C12771538 · For Sale
SF
Stephen Fiorucci
Royal Lepage Real Estate Services Ltd.
Mortgage calculator
$
$ 20%
%
$ /mo
$ /mo
Monthly payment

Estimate only. Canadian mortgages are compounded semi-annually. Rates, taxes and fees will vary. Speak to a mortgage professional before making financial decisions.

Location
Open in maps →
More listings in Annex
View all →
$9,995,000
28 Macpherson Avenue
Book a showing
28 Macpherson Avenue
$9,995,000 · Annex, Toronto
Request a viewing
Leave your details and the listing agent will be in touch to confirm a time.
By submitting this request you agree to be contacted by the listing agent in accordance with CREA® guidelines.