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28 Macpherson Avenue
Annex Toronto M5R 1W8

$9,995,000
Residential Freehold beds: 18 baths: 18.0

Facade
Photo 1: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 2: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 3: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 4: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 5: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 6: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 7: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 8: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 9: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 10: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 11: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 12: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 13: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 14: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 15: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 16: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 17: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 18: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Photo 19: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
Status:
Active
Prop. Type:
Residential Freehold
MLS® Num:
C12771538
Bedrooms:
18
Bathrooms:
18
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. Buyer to independently verify all information to inform their purchase, including but not limited to financial information, unit count, measurements, zoning, permitted uses, retrofit status, and development or expansion potential. Property sold in as is, where is condition, with no representations or warranties of any kind by the Seller or Listing Brokerage.
Under Contract:
Hot Water Heater
Property Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
3-Storey
Total Approx Floor Area:
5000 +
Lot Depth:
120'
Lot Frontage:
48'5"
Lot Shape:
Rectangular
Topography:
Flat
Direction Faces:
North
Bedrooms:
18
Bathrooms:
18.0
Water supply:
Municipal
Kitchens:
17
Bedrooms Above Grade:
18
Kitchens Above Grade:
17
Rooms Above Grade:
47
Fractional Ownership:
No
Zoning:
R(f5;d0.6*892)
Assignment:
No
Heating type:
Water
Heating Fuel:
Gas
Foundation:
Block
Roof:
Asphalt Rolled, Asphalt Shingle
Basement:
Partially Finished
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Features:
None
Parking Spaces:
0
Total Parking Spaces:
0.0
Family Room:
No
Possession Details:
30-60 days
Pool:
None
HST Applicable To Sale Price:
Included In
Assessment:
$3,088,000
Assessment Year:
2025
Taxes:
$36,973 / 2025
Assessment:
$3,088,000.00 / 2025
Toronto
Toronto C02
Annex
Public Transit, Place Of Worship, Library, Park
Storage, Other
Landscaped, Lighting, Controlled Entry
Hot Water Heater at $453.21/Month (Inclusive of HST).
See schedule E
See Schedule E
Brick
No
No
City, Downtown
Accessible Public Transit Nearby
Utilities Cable:
Yes
Utilities Telephone:
Yes
Utilities Gas:
Yes
Utilities Hydro:
Yes
Utilities Water:
Yes
Sewers:
Yes
Energy Certification:
No
Green Property Information Statement:
No
Special Designation:
Unknown
Sewers:
Sewer
Air Conditioning:
Window Unit(s)
Central Vacuum:
No
Seller Property Info Statement:
No
Laundry Level:
Main Level
Date Listed:
Feb 09, 2026
Original Price:
Previous Price:
  • Photo 1: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Facade
  • Photo 2: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Facade Street View
  • Photo 3: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Exterior Entrance
  • Photo 4: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Aerial Shot
  • Photo 5: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Aerial Shot
  • Photo 6: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Overhead Aerial Shot
  • Photo 7: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Entrance
  • Photo 8: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    First Floor Landing
  • Photo 9: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Character Detail
  • Photo 10: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Living Room
  • Photo 11: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Living Room
  • Photo 12: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Dining Room
  • Photo 13: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Kitchen
  • Photo 14: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Bathroom, Closet, Bedroom Entrance
  • Photo 15: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Bedroom
  • Photo 16: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Aerial North View
  • Photo 17: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Aerial South View
  • Photo 18: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Alternate Aerial South View
  • Photo 19: 28 Macpherson Avenue in Toronto: Annex House for sale (Toronto C02)  : MLS®# C12771538
    Immediate Yonge Street Pocket
Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Data was last updated February 10, 2026 at 12:15 AM (UTC)
Carl Schuy
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