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28 Macpherson Avenue in Toronto for sale

Asking price
$9,995,000
Estimate (Feb 09)
$7,059,584
MLS #:
C12771538
Type:
Multiplex, 3-Storey
Approx. SQFT:
5000 +
Basement:
Part Fin
18 18
48.44 x 120 ft lot
PROPERTY HISTORY
SIGN IN REQUIRED
List Date List Price Last Status Sold Date Sold Price Days On Market
0000-00-00 $00000 Lsd Apr 11, 2024 $2,350
0000-00-00 $00000 Lsd Apr 08, 2024 $2,595
0000-00-00 $00000 Lsd Feb 17, 2024 $3,495
0000-00-00 $00000 Ter N/A N/A N/A
0000-00-00 $00000 Lsd Jan 15, 2024 $2,250
0000-00-00 $00000 Ter N/A N/A N/A
0000-00-00 $00000 Sld May 19, 2023 $6,995,000
0000-00-00 $00000 Exp N/A N/A N/A
0000-00-00 $00000 Lsd Apr 20, 2016 $1,500
0000-00-00 $00000 Lsd Mar 14, 2016 $1,650
0000-00-00 $00000 Ter N/A N/A N/A
0000-00-00 $00000 Ter N/A N/A N/A
0000-00-00 $00000 Ter N/A N/A N/A
0000-00-00 $00000 Lsd Sep 09, 2012 $1,250
0000-00-00 $00000 Lsd Sep 05, 2012 $1,550

Listed by Royal Lepage Real Estate Services Ltd..

28 Macpherson Avenue is a Multiplex, 3-Storey and is currently for Sale @ $9,995,000. Taxes in 2025 were $36,973.00.

More homes for sale under 10M in Toronto

Compelling opportunity to acquire a well located multi-residential investment asset in one of Toronto's most established and supply constrained neighbourhoods. The 3-Storey on 28 Macpherson Avenue has 18 bedrooms, 18 bathrooms, and is located on a 120 x 48.44 ft lot in the community of Annex . 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.

See schedule E

The address 28 Macpherson Avenue was listed for sale (MLS# C12771538) on Monday, February 09, 2026.

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  • Date Listed: Monday, February 09, 2026
  • Listing Brokerage: Royal Lepage Real Estate Services Ltd. - Disclaimer: The information contained in this listing has not been verified by Royal Lepage Real Estate Services Ltd. and should be verified by the buyer.
  • City: Toronto

    More 18 bedrooms homes for sale in Toronto

  • Neighbourhood: Annex
  • Major Intersection: Yonge Street and Macpherson Avenue
  • Full Address: 28 Macpherson Avenue, Toronto, M5R 1W8, Canada, ON, Canada
  • Amenities:
  • Taxes: $36,973.00 (2025)

WHAT'S YOUR HOME WORTH?

Click here to get an instant estimate and track its value over time.