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$9,995,000Asking Price

28 Macpherson Avenue, Toronto C02, ON M5R 1W8

Yorkville, Toronto

Multiplex
18
Bedrooms
18
Baths
0
Parking
Days on Market

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.

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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.

Key Info

  • 3-Storey Multiplex
  • No Parking
  • No Garage
  • Yonge Street and Macpherson Avenue
  • 5000 + Approximate Sq Feet
  • No Ensuite Laundry
  • Water Gas Heating

Property

  • Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
  • Taxes were $36,973 in 2025
  • Possession: 30-60 days

Details

  • Brick Exterior
  • No Fireplace
  • 17 Kitchens
  •  
  • MLS #C12771538
  • ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Extras

Room Floor Dimensions Details
Washroom5 3-Piece Bathrooms on Ground Floor
Washroom6 3-Piece Bathrooms
Washroom6 3-Piece Bathrooms
Washroom1 5-Piece Bathroom on Upper

Who lives here?

Yorkville, Toronto is a central Toronto neighbourhood notable for its singles, renters, university grads, executives and business and education, law & public sector professionals. Residents tend to be older with a significant number of adults aged 25 to 34, 25 to 34 and 25 to 34 and seniors aged 65 to 79 and 65 to 79.

Families

Kids Per Family

0.5

kids per family
in the neighbourhood.

Toronto  (1.2)
Gta  ({{ '1.29999995231628' | number: 1 }})

Singles

53% of residents are
single and loving it.

53% singles

Toronto (50%)
Gta ({{ '44.8800010681152' | number: 0 }}%)

Renters

50% of residents
are renters.

50% renters

Toronto (47%)
Gta ({{ '33.0200004577637' | number: 0 }}%)

Education

77% of residents are
university grads.

77% university grads

Toronto (48%)
Gta ({{ '43.6699981689453' | number: 0 }}%)

Income

Average Household Income

$365K

is the average household
income in the neighbourhood.

Toronto  ($132K)
Gta  ({{ '135056.828125' | minifiedCurrency }})

Professions

Professions

Management 14%
Business 14%
Government 11%
Sales 10%
Sciences 5%

Immigrants

35% of residents were
born outside of Canada.

35% immigrants

Toronto (48%)
Gta ({{ '45.4300003051758' | number: 0 }}%)

Birthplace - All

Iran was once home to 3.1% of immigrants.
China 2.5%
UK 2.2%
USA 2.2%
South Korea 1.4%

3.1% from Iran
All-time

Birthplace - Recent

Iran was once home to 1.1% of immigrants.
Turkey 0.7%
China 0.6%
USA 0.6%
South Korea 0.6%

1.1% from Iran
Recent

Foreign Languages

Foreign Languages

French 2%
Persian 2%
Mandarin 2%
Spanish 2%
Cantonese 2%

Religions

Religions

Christian 50%
Jewish 14%
Muslim 4%
Hindu 1%
Buddhist 1%

Social Housing

Social Housing Buildings

1

Social housing buildings
in the neighbourhood.

Gta Avg (5.19)

Shelters

Shelters

1

Homeless shelters in
the neighbourhood.

Gta Avg (0.54)