Property Details
28 MACPHERSON AVENUE, Toronto (Annex), Ontario, M5R1W8
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:2471)
HARVEY KALLES REAL ESTATE LTD. Brokerage - Toronto
- 416-452-6249
- 416-441-2888
- rick@rickohomes.com
- Property Address: 28 MACPHERSON AVENUE, Toronto (Annex), Ontario, M5R1W8
- Community Name: Annex
- Property Type: Multi-family
- Zoning Description: R(f5;d0.6*892)
- Lot Size: 48.4 x 120 FT
- Acreage: 48.4 x 120 FT
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Driveway: No Garage
- Maintenance Fee: 0.00
- Amenities Nearby: Public Transit, Place of Worship, Park
- Structure Style: Other
- Storeys: 3
- Floor Space: 5000 - 100000 sqft
- Bedrooms: 18
- Bathrooms: 18-Total
- Basement Type: N/A (Partially finished)
- Cooling: Window air conditioner
- Exterior Type: Brick
- Foundation Type: Block
- View: City view
- Flat site
- Lighting
- Landscaped
Listing Offices: ROYAL LEPAGE REAL ESTATE SERVICES LTD.
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