For Sale: 28 Macpherson Avenue, Toronto, ON - REW
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$9,995,000
18 bd • 18 ba • 5000 - 99999 sf • Multifamily
28 Macpherson Avenue
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$9,995,000
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28 Macpherson AvenueToronto, ON, M5R 1W8

Yorkville
  • 18 Bed
  • 18 Bath
  • 5000 - 99999 Sqft
  • Multifamily

About this home

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:63626)
Listed by: STEPHEN FIORUCCI, Salesperson, ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Home facts and features

Price details
List Price
$9,995,000
Get Pre-Approved
Gross Taxes for 2025
$36,973
Home facts
Bedrooms
18
Full Bathrooms
18
Parking Details
No Garage
Property Type
Multifamily
Depth
120 feet
Frontage
48.4 feet
Exterior Finish
Brick
Heating Type
Natural gas
Cooling
Window air conditioner
Basement Details
Partially finished,
Features
Controlled entry, Flat site, Lighting
Community
Agent details
Primary Agent
STEPHEN FIORUCCI
Primary Broker
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Secondary Agent
Michael Fiorucci
Secondary Broker
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Listing details
Days on REW
116 Days
Property Views
60
MLS® Number
C12771538
Source
Canadian Real Estate Association
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Property Insights

Cottingham Junior Public School
  • Public
  • JK - 6
McDonald International Academy
  • Private
  • 9 - 12
De La Salle College
  • Private
  • 5 - 12
Jesse Ketchum Junior & Senior Public School
  • Public
  • JK - 8
York School
  • Private
  • JK - 12
The York School
  • Private
  • JK - 12
Rosedale Junior Public School
  • Public
  • JK - 6
Linden School
  • Private
  • JK - 12
Eaton International Academy
  • Private
  • 9 - 12
Mabin School
  • Private
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
STEPHEN FIORUCCI
Office:
416-921-1112
Salesperson
Michael Fiorucci
Office:
416-921-1112
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.