243 Gerrard Street

Original Remarks

Presenting a rare investment opportunity in the heart of Cabbagetown for the first time in 20 years! This historical three-storey, mixed-use (CR1.5) commercial/residential row buildingoffers incredible flexibility in one of Toronto's most vibrant and evolving east-end corridors. Positioned along a well-traveled retail strip with excellent visibility 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 surroundingneighbourhood continues to experience solid reinvestment. For example; 2 new boutique condobuildings currently being constructed on each corner of the street, confirming this location isan attractive opportunity for investors, owner-operators, or buyers seeking a character-richproperty with a long-term upside.Inside, this property showcases beautiful period proportions. The main floor space has high ceilings, a large open space area which can be used for many purposes, a skylight & glass block allowing natural light to fill the space and a back bedroom with access to the private backyard.Upstairs there is a sunfilled, two-storey 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. There is 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. At the rear, through a right of way, there's a fully secured, gated parking area. A rare and valuable convenience in downtown TO. 243 Gerrard Street East offers the chance to invest in a piece of Toronto's architecturalhistory and becoming part of Cabbagetown's ongoing evolution! It's a must see.