28 Macpherson Avenue

28 Macpherson Avenue
28 Macpherson Avenue
28 Macpherson Avenue
+8
18
 bed
18
 bath
0
 parking
5000 - 65535
 sqft
Multiplex
$9,995,000
Instant Estimate Not Available
For Sale
91 days
 on site
$9,995,000
Instant Estimate Not Available
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Size
-
Lot size
5855 sqft
Street frontage
-
Possession
Flexible
Price per sqft
$153 - $1,999
Taxes
$36,973 (2025)
Parking Type
-
Style
3-Storey
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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.
Broker: ROYAL LEPAGE REAL ESTATE SERVICES LTD.
MLS®#: C12771538
Property details
Parking:
No
Parking type:
-
Property type:
Multiplex
Heating type:
Water
Style:
3-Storey
MLS Size:
5000-65535 sqft
Lot front:
48 Ft
Lot depth:
120 Ft
Listed on:
Feb 9, 2026
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Instant estimate:
Not Available

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About 28 Macpherson Avenue

Located at 28 Macpherson Avenue, this Toronto multiplex is available for sale. 28 Macpherson Avenue has an asking price of $9995000, and has been on the market since February 2026. This 5000-65535 sqft multiplex has 18 beds and 18 bathrooms. Situated in Toronto's Summerhill neighbourhood, Yorkville, Yonge and Bloor, Casa Loma and Deer Park are nearby neighbourhoods.

Some good places to grab a bite are Carens Rosedale, Avant Gout or Pantry. Venture a little further for a meal at one of Summerhill neighbourhood's restaurants. If you love coffee, you're not too far from Starbucks located at 1088 Yonge St. For groceries there is Rosedale General Store which is nearby.

Transit riders take note, 28 Macpherson Ave, Toronto is a short walk to the closest public transit Bus Stop (Yonge St at MacPherson Ave) with route Yonge, and route Yonge Night Bus. If you're driving from 28 Macpherson Ave, you'll have decent access to the rest of the city by way of Don Valley Parkway as well, which is within a few minutes drive