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Property Description
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.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2000-07-25 | 2000-09-18 | 55 | $353,000 | $339,000 |
| 1999-07-13 | 1999-07-23 | 10 | $154,000 | $150,000 |
Nearby Intersections
Property Features
Fenced Yard, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, Accessory Apartment, In-Law Capability, Storage Area Lockers, Water Heater, Right Of Way
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Property Details
Address
243 Gerrard Street
Community
City
Postal Code
M5A 2G1
Property Type
Att/Row/Townhouse, Att/Row/Townhouse
Lot Size
17' x 92'
Taxes
$6,824 (2025
Basement
Separate Entrance, Full, Development Potential
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
1
Garage Type
None
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Listing contracted with Sotheby's International Realty Canada
Welcome to discover the modern four-story freehold townhome in magnificent 593-acre Downsview Park. Move in today. Option to include furniture. Just bring in your luggage. This sophisticated home boasts 3 bedrooms with a cozy backyard, 2 rooftop terraces, 1 secured parking garage with 2 doors, plus visitor parkings. Premium upgrades throughout. White oak hardwood staircases & laminate floors for easy maintenance. Enlarged windows & open layout allow abundance of natural light & airy space. Updated lighting fixtures, window draperies, top-down bottom-up adjustable shades included. Dream Chef's kitchen with upgraded gas stove, stainless steel appliances, quartz countertops, movable island & sleek cabinetry. Fashionable baths with high grade hardware, cultured marble vanity tops & integrated sinks. Exceptional Primary Bedroom Ensuite boasts entire 3rd floor. Enormous filmed windows, walk-in closet, glass shower, ceramic tile deck structure, along with a spa-like built-in soaker tub for an unparalleled relaxation and rejuvenation in your own place. 4th floor sunlit sitting area wall out to both terraces. Bright & versatile living merges indoor & outdoor space for year-round retreat. Lower floor features b/i sitting bench, extra storage under stairwell & direct access to underground garage. For those seeking an extraordinary lifestyle, this home enjoys impressive wealth of urban park neighbourhood, oasis greenery, and large groups of exercise amenities. Popular children's playgrounds, dog park, pond waterfront scenery, hilltop views, circuit and bicycle trails, waterpark, skateboarding, sport fields, arenas, tennis courts, fire pits, beautiful sittings, awarded public arts & musical concert halls all within the park. Stay active and healthy with free outdoor fitness equipment & well-being facilities for all ages. This superb location is also close to TTC subway, hospital, universities, Yorkdale Shopping, and downtown Toronto. A truly affordable luxury to call a home.
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Welcome to this rarely offered freehold 3-bedroom, 3-bathroom traditional townhome offering approximately 1700 sq ft of well-designed living space, plus a fully finished basement, in the highly desirable Downsview Park community. This property delivers the freedom of ownership combined with the ease of townhome living ,less steps at front door, with beautiful perennials gardens for flower lovers. Property Features: Spacious and functional layout, Bright open-concept living and dining areas with excellent natural light, Well-appointed kitchen with ample cabinetry and prep space, Generous primary bedroom featuring a private ensuite, Two additional full-sized bedrooms ideal for family or home office use, Three bathrooms offering comfort and convenience, Fully finished basement - perfect for a recreation room, media space, gym, or potential in-law suite setup, Private garage, Private backyard for outdoor enjoyment, Steps to expansive green space, walking trails, and community amenities at Downsview Park. Close to schools, shopping, transit, and easy access to Highways 401 & 400-making commuting seamless. This is an exceptional opportunity to secure a freehold property in one of Toronto's fastest-growing and in-demand neighbourhoods. Ideal for families seeking space and flexibility, or investors looking for long-term appreciation.First Owner. Move-in ready. A must see.
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