28 Macpherson Avenue

Nestled in the vibrant community of Annex, 28 Macpherson Avenue, Toronto, presents a compelling opportunity for those seeking a Multi-Family Home for sale in Toronto . This impressive multiplex building stands proudly as a three-storey structure, constructed from sturdy brick, and offers an enviable investment asset in one of Toronto's most established and supply-constrained neighbourhoods. With a generous lot size of 48 x 120 feet, this property not only provides ample living space but also holds significant potential for future development, all while maintaining a solid income profile.

The building comprises a remarkable 18 self-contained suites, each designed to maximise functionality and natural light. This diverse range of units ensures a steady rental income, making it an attractive option for private investors, family offices, and owner-operators alike. With a total of 47 rooms, including 17 kitchens and 18 bathrooms, this Multi-Family Home for sale in Toronto is well-equipped to cater to the needs of its residents. The absence of a den or family room is offset by the spacious layout of the suites, allowing for comfortable living arrangements.

One of the standout features of this property is its strategic location at 28 Macpherson Avenue, Toronto. The proximity to major transit routes, employment nodes, parks, schools, and everyday amenities significantly enhances its rental appeal. This advantageous positioning drives durable rental demand, which is crucial for maintaining stable occupancy and predictable cash flow. The surrounding neighbourhood is characterised by strong owner occupancy and limited new rental supply, further solidifying the investment's potential for long-term rent growth and asset appreciation.

Investors will appreciate the multiple value creation pathways available with this Multi-Family Home for sale in Toronto. Opportunities for income optimisation through tenant turnover and rent resets are readily available, along with operational efficiencies and targeted capital improvements. Additionally, the property offers longer-term repositioning potential, all subject to applicable municipal approvals. This flexibility allows for strategic planning and maximisation of returns on investment.

While the building is currently unfurnished, it features window unit air conditioning to ensure comfort during the warmer months. The heating system is water-based, providing a reliable source of warmth throughout the colder seasons. Although there is no central vacuum system or fireplace, the partially finished basement offers additional space that could be developed further, depending on the investor's vision.

It's worth noting that there is no pool, garage, or dedicated parking space, which may be a consideration for potential buyers. However, the property benefits from municipal water and sewer services, ensuring essential utilities are readily available. The absence of additional land or a driveway does not detract from the overall appeal of this Multi-Family Home for sale in Toronto, as the focus remains on the income-generating potential of the existing suites.

In summary, 28 Macpherson Avenue, Toronto, stands out as an exceptional investment opportunity in the heart of the Annex community. With its impressive suite count, strategic location, and potential for value enhancement, this Multi-Family Home for sale in Toronto is ideally suited for those looking to secure a stable rental asset with embedded upside. Prospective buyers are encouraged to conduct their due diligence, verifying all information related to financials, unit counts, measurements, zoning, and permitted uses. The property is sold in as-is, where-is condition, with no representations or warranties from the seller or listing brokerage. Don’t miss your chance to explore this remarkable investment opportunity!

The Annex is a vibrant and eclectic neighbourhood in Toronto, renowned for its rich history and cultural diversity. Nestled just north of the bustling downtown core, this area is characterised by its charming tree-lined streets, historic Victorian and Edwardian homes, and a lively atmosphere that attracts students, artists, and professionals alike. The Annex is home to a variety of cafes, boutique shops, and cultural institutions, including the esteemed Bata Shoe Museum and the iconic Royal Ontario Museum. With its close proximity to the University of Toronto, the area buzzes with youthful energy, making it an ideal locale for those seeking a dynamic urban lifestyle while still enjoying a sense of community and accessibility to parks and green spaces.

Schools in the Neighbourhood

This property is ideally located near a variety of reputable schools, making it an excellent choice for families. The closest institution is Cottingham Junior Public School, just 0.3 km away, offering elementary education from JK to grade 6 with an impressive school rating of 10. Jesse Ketchum Junior and Senior Public School, located 0.7 km away, serves grades JK to 8 and has a solid rating of 7.8. For older students, Jarvis Collegiate Institute is 1.8 km away, providing education for grades 9 to 12, though it has a lower rating of 5.9. Additionally, Our Lady of Perpetual Help Catholic School, a highly rated Catholic elementary school (9.8), is 1.2 km from the property. Other nearby options include St. Joseph's College School and Holy Rosary Catholic School, both offering quality education with ratings of 7.6 and 8.7, respectively. Overall, the area boasts a mix of public and Catholic schools, with strong academic performance and diverse language programs, ensuring a well-rounded educational environment for children.

Key Statistics of the Neighbourhood

The area surrounding the property boasts a small population of 540 residents, with an average household size of 2.1 individuals. The demographic profile indicates a mature community, with an average age of 44.7 years. The economic landscape is robust, as evidenced by an impressive average household income of $290,000, although 7.4% of the population falls within the low-income bracket. The real estate market reflects this affluence, with an average property price of $2,120,000. Socially, the community is diverse, with 20.49% of residents being immigrants and 42.86% identifying as single. Families are also prominent, as 40% of households include children. The rental market is modest, with 21.43% of residents renting, while condos make up 10.71% of housing options. Education is highly valued in this area, with 89% of residents holding a college or university degree. However, it's noteworthy that 31% of the population is not in the labor force, suggesting a potential for retirees or individuals pursuing other interests. Overall, this demographic snapshot highlights a well-educated, affluent community with a mix of families and singles, contributing to a vibrant neighborhood atmosphere.