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Royal LePage Signature Connect.ca Realty logo

Ryan Coyle

Broker of Record

Royal LePage Signature Connect.ca Realty

495 Wellington Street West Suite 100

Phone: 416-800-9272

Listing data is provided under license from the Toronto Regional Real Estate Board (TRREB). TRREB assumes no responsibility for the accuracy of the information contained herein. Data is updated periodically and may not reflect the most current market activity. Not intended to solicit buyers or sellers currently under contract. MLS®, REALTOR®, and the associated logos are certification marks owned by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

© 2026 Connect Asset Management. All rights reserved.

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MLS# C12771538Annex, Toronto · M5R 1W8
For SaleMultiplex

28 Macpherson Avenue

$9,995,000
18 Bed18 Bath5,000 sqft$1,999/sq ft70d on market
MLS# C12771538Annex, Toronto · M5R 1W8
For SaleMultiplex

28 Macpherson Avenue

$9,995,000

$1,999/sq ft · 70 days on market

Bedrooms
18 Bed
Bathrooms
18 Bath
Size
5,000 sq ft
Parking
None

Listing History — This Unit

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Feb 09, 2026(2mo ago)·70 DOM
$9,995,000
Active
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
C12771538Current
Jan 01, 2024
$000,000Terminated

(Sign-in required)

Jan 01, 2024
$000,000Expired

(Sign-in required)

About This Listing

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.

Property Details

MLS NumberC12771538
Property TypeMultiplex
Style3-Storey
Listing TypeFor Sale
StatusActive
Bedrooms18 Bed
Bathrooms18
Size5,000 sq ft
Parking Spaces0
Parking TypeNone
Property Tax$36,973/yr
Days on Market70
Listed2026-02-09
CommunityAnnex
MunicipalityToronto
Cross StreetYonge Street and Macpherson Avenue

Location & Scores

Nearby schools

Closest publicly funded schools — within 5km of this address.

Elementary

  • Cottingham Junior Public SchoolPublic
    Toronto DSB · JK-6
    333 m
  • Jesse Ketchum Junior and Senior Public SchoolPublic
    Toronto DSB · JK-8
    675 m
  • Rosedale Junior Public SchoolPublic
    Toronto DSB · JK-6
    836 m

Secondary

  • Msgr Fraser College (Isabella Campus)Catholic
    Toronto CDSB · 9-12
    1.6 km
  • St Joseph's College SchoolCatholic
    Toronto CDSB · 9-12
    1.7 km
  • Jarvis Collegiate InstitutePublic
    Toronto DSB · 9-12
    1.9 km

Source: Ontario Ministry of Education. Distances are straight-line.

Transit access

Nearest rapid transit and bus stops

M
Nearest subway
Rosedale Station - Northbound Platform
333 m · every 3 min at peak
1
S
Nearest streetcar
St Clair Station
978 m · every 3 min at peak
512

Bus stops within 800 m

5 stops
  • Yonge St at MacPherson Ave
    32097
    110 m
  • Yonge St at Rowanwood Ave
    32097
    129 m
  • Yonge St at Crescent Rd - Rosedale Station
    32097
    320 m
  • Yonge St at Crescent Rd South Side - Rosedale Station
    32097
    338 m
  • Rosedale Station
    82
    346 m

Source: TTC GTFS · straight-line distances · routes shown are short names

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Listing provided by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Based on information from the Toronto Regional Real Estate Board (TRREB). All information deemed reliable but not guaranteed and should be independently verified. The accuracy of information is not guaranteed, has not been verified, and does not constitute professional advice.

IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than identifying prospective properties consumers may be interested in purchasing or renting.

Sold and leased listing data is provided under the Virtual Office Website (VOW) data feed and is available only to registered users who have agreed to the Terms of Use. This data is for personal, non-commercial use only and may not be copied, redistributed, or retransmitted.

MLS®, REALTOR®, and the associated logos are certification marks owned by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

This listing content is not intended to solicit properties already listed for sale or individuals who are currently under contract with a brokerage.

Data last updated: April 19, 2026 at 09:42 p.m.