28 MACPHERSON AVENUE, Toronto (Annex), Ontario, M5R1W8

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. (id:64974)

Quick Facts

• Property Type: Other
• Bedrooms: 18 (18 above)
• Bathrooms: 18
• Frontage: 48 ft (14.8 m)

Costs

• Annual Taxes: $36,973.00 (2025)

Listing Provided by: ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.