243 Gerrard St E

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.