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 reinvestment. The interior showcases beautiful period proportions with high ceilings, incredibly spacious principle rooms, skylights & 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. This is an opportunity 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
Residential Freehold
Type of Dwelling
Att/Row/Townhouse
Style of Home
3-Storey
Transaction Type
Sale
Area
Toronto C08
Sub-Area
Moss Park
Region
Toronto
Bedrooms
2 + 1
Bedrooms (Total)
3
Rooms Above Grade
8
Rooms Below Grade
2
Bathrooms
3
Floor Area
2000-2500 Sq. Ft.
Lot Depth
92
Lot Size Units
Feet
Lot Width
17.23
Parcel Number
210890290
Occupant Type
Owner
Cross Street
Parliament St & Gerrard St. East
Approx. Age
100+ Years
MLS® Number
C12803800
Listing Brokerage
SOTHEBY'S INTERNATIONAL REALTY CANADA
Basement Area
Separate Entrance, Full, Development Potential
Postal Code
M5A 2G1
Posession Details
30-60 Days/TBA
Parking
Right Of Way
Parking Places (Total)
1
Parking Spaces
1
Tax Amount
$6,824.49
Tax Year
2025
Site Influences
Fenced Yard, Park, Place Of Worship, Public Transit, Rec./Commun.Centre
Interior Features
Accessory Apartment, In-Law Capability, Storage Area Lockers, Water Heater
Property Features
Fenced Yard, Park, Place Of Worship, Public Transit, Rec./Commun.Centre
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Heritage
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
South
Fireplace
No
Foundation Details
Poured Concrete
Garage
No
Garage Type
None
Kitchens Total
2
Kitchens Above Grade
1
Kitchens Below Grade
1
Other Structures
Fence - Full
Pool Features
None
Roof
Asphalt Shingle, Flat
Tax Legal Description
PT LT 37 BLK A PL D138 TORONTO AS IN CA620408; T/W CA620408; CITY OF TORONTO
View Type
City, Downtown
Waterfront
No
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Foyer | 3.51 x 1.09 | |
| Main | Living Room | 7.62 x 3.66 | Glass Block Window, Picture Window, Wood |
| Main | Office | 4.83 x 4.88 | Open Concept, Skylight, Wood |
| Main | Bedroom | 7.82 x 2.69 | Laminate, W/O To Yard, Window |
| Second | Living Room | 7.82 x 2.69 | Combined w/Dining, South View, Wood |
| Second | Dining Room | 7.82 x 2.69 | Combined w/Living, Picture Window, Track Lighting |
| Second | Kitchen | 6.78 x 2.06 | Galley Kitchen, Overlooks Dining, Picture Window |
| Second | Family Room | 2.84 x 3.51 | Laminate, South View, W/O To Deck |
| Upper | Bedroom | 7.62 x 4.88 | 4 Pc Ensuite, NS View, W/O To Deck |
| Lower | Living Room | 2.64 x 2.92 | 3 Pc Bath, Open Concept, Window |
| Lower | Laundry | 5.66 x 1.91 | |
| Lower | Utility Room | 4.72 x 2.79 |