Rare investment opportunity in the heart of Cabbagetown for the first time in twenty years! This 1875 historical three-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 East 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, two-storey fully contained suite spanning the second and third floors with south-facing decks .The lower level features a second kitchen, living area, three 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-nineteenth-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. It's a must see. This is an opportunity for investors, owner-operators, or buyers seeking a character-rich property with a long-term upside.