28 Macpherson Avenue

ActiveAnnex / Yorkville / Summerhill · Annex178 days on marketMLS® C12771538
$9,995,000
$1,999 / sq ft
Bedrooms18
Bathrooms18
Interior5,000 sq ft
Lot Size5,856 sq ft
TypeSingle Family Home
ListingFor Sale
Days on Market178

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 & finishes

View
Air Conditioning
Basement

Property details

MLS® NumberC12771538
StatusActive
Listing TypeFor Sale
Property TypeSingle Family Home
Interior Size5,000 sq ft
Lot Size5,856 sq ft
Beds / Baths18 bed · 18 bath
NeighbourhoodAnnex
CityAnnex / Yorkville / Summerhill
Postal CodeM5R 1W8
ProvinceON
Listed DateFebruary 9, 2026
Days on Market178
Price per Sq Ft$1,999
BrokerageROYAL LEPAGE REAL ESTATE SERVICES LTD.

Location

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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.