243 Gerrard Street E, Toronto, ON M5A 2G1
Toronto C08, ON, M5A 2G1 · Moss Park
About this property
Rare investment opportunity in the heart of Cabbagetown for the first time in 26 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 benefitsfrom steady pedestrian traffic, direct access to transit and and close proximity to Regent Park, Leslieville, and downtown Toronto. Thesurrounding 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 tothe 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 facade 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.
Features & Amenities
- Basement: Separate Entrance, Full, Development Potential
- Garage: None
- Cooling: Central Air
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 3-Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Att/Row/Townhouse |
| Architectural Style | 3-Storey |
| Bedrooms | 3 |
| Bathrooms | 3 |
| Basement | Separate Entrance, Full, Development Potential |
| Garage | None |
| Parking Spaces | 1 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air |
| Sewer | Sewer |
| Annual Tax | $6,824 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Accessory Apartment, In-Law Capability, Storage Area Lockers, Water Heater
Exterior Features
- Other Structures
- Fence - Full
- Pool Features
- None
Building & Construction
- Architectural Style
- 3-Storey
- Construction Materials
- Brick
- Foundation Details
- Poured Concrete
- Roof
- Asphalt Shingle, Flat
- Basement
- Separate Entrance, Full, Development Potential
- Approximate Age
- 100+
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Central Air
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 1
- Parking Total
- 1.00
- Parking Features
- Right Of Way
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 92.00
- Lot Width
- 17.23
Community & Neighborhood
- Property Features
- Fenced Yard, Park, Place Of Worship, Public Transit, Rec./Commun.Centre
Financial & Tax
- Tax Annual Amount
- $6,824
- Tax Year
- 2025
- Possession Type
- 30-59 days
- Possession Details
- 30-60 Days/TBA
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 8
- Rooms Below Grade
- 2
- Kitchens Above Grade
- 1
- Kitchens Total
- 2
- Bedrooms Above Grade
- 2
- Bedrooms Below Grade
- 1
Additional Details
- Occupant Type
- Owner
- Direction Faces
- South
- County Or Parish
- Toronto
- Cross Street
- Parliament St & Gerrard St. East
- Directions
- Follow your GPS
- Special Designation
- Heritage
- Showing Requirements
- See Brokerage Remarks
Location
243 Gerrard Street E, Toronto, ON M5A 2G1, Toronto C08, ON, M5A 2G1