$998,000

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.