Rare investment opportunity in the heart of Cabbagetown for the first time in 20 years! This 1875 historical 3-storey, residential/commercial mixed-use row building offers incredible flexibility in one of Toronto's most vibrant, evolving east-end corridors. **Zoning CR1.5(c1;r1*1906) Positioned along a well-traveled, highly visible strip between Sherbourne & Parliament, 243 Gerrard St E benefits from steady pedestrian traffic, direct access to transit and and close proximity to Regent Park, Leslieville, and downtown Toronto. The surrounding neighbourhood continues to experience solid re-investment. The interior showcases beautiful period proportions with high ceilings, incredible accoustics, skylights and glass block allowing natural light to fill the space on the main floor, and a bedroom with access to the private backyard. Upstairs there is a sunfilled, 2-storey fully contained suite spanning the 2nd and 3rd floors with south-facing decks.The lower level features a second kitchen, living area, 3 piece washroom, laundry and tons of storage space with direct access to the backyard - ideal for a variety of live/work or income-generating configurations.The front exterior reflects the true charm of Cabbagetown's late-19th-century architecture with its fine-grain and classic brick façade and at the rear, there's a fully secured, right of way gated parking area entered off Ontario St. The opportunities are endless for investors, owner-operators, or buyers seeking a character-rich property with a long-term upside.
Address
243 Gerrard Street E
List Price
$998,000
MLS® Status
New
Expiration Date
2026-06-30
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Toronto C08
Sub-Area
Moss Park
Region
Toronto
Bathrooms
3
Lot Depth
92
Lot Type
Lot
Lot Size Units
Feet
Lot Width
17.23
Parcel Number
210890290
Total Building Area
2119
Occupant Type
Owner
Cross Street
Parliament St. & Gerrard St. East
Approx. Age
100+ Years
MLS® Number
C12811980
Listing Brokerage
SOTHEBY'S INTERNATIONAL REALTY CANADA
Basement
Yes
Postal Code
M5A 2G1
Posession Details
60-90 Days/TBA
Parking Spaces
1
Tax Amount
$6,824.49
Tax Year
2025
Site Influences
Public Transit, Subways
Community Features
Public Transit, Subways
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
None
Tax Legal Description
PT LT 37 BLK A PL D138 TORONTO AS IN CA620408; T/W CA620408; CITY OF TORONTO
Security Features
No
Sewer
Sanitary+Storm Available
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