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18
BEDROOMS18
BATHROOMS17
KITCHENS47
ROOMSC12771538
MLSIDContact Us
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.
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Nearby Intersections
Property Features
Public Transit, Place Of Worship, Library, Park, Storage, Other, None, Accessible Public Transit Nearby
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Property Details
Address
28 Macpherson Avenue
Community
City
Postal Code
M5R 1W8
Property Type
Multiplex, Multiplex
Zoning
R(f5;d0.6*892)
Lot Size
48' x 120'
Acreage
5,855.6 Feet
Taxes
$36,973 (2025
Basement
Partially Finished
Exterior
Landscaped, Lighting, Controlled Entry
Heat Type
Water
Heat Source
Gas
Water
Municipal
Garage Type
None
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Listing contracted with Royal Lepage Real Estate Services Ltd.
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