498 Gladstone Avenue Ottawa, Ontario K1R 5N8
$819,900
Positioned on a high-visibility corner in the heart of downtown Ottawa, this fully vacant duplex offers a rare & flexible opportunity in one of the city's most connected, walkable & rapidly evolving neighbourhoods. Featuring two 2-bed units, along with four on-site parking spaces, the property provides immediate options for investors, developers, or owner-occupiers, with strong potential for redevelopment. Set on a northwest-facing corner lot the property benefits from Traditional Mainstreet zoning [TM14 H(17)], allowing for a variety of residential or mixed-use possibilities. This zoning supports everything from low- to mid-rise residential & boutique multi-unit projects to commercial space with residential above, making it well suited for thoughtful growth in line with the City's long-term vision. Full municipal services are already in place, offering a smooth path for both current use & future plans. A rare advantage in this urban setting is the four owned off-street parking spaces with access from Lyon Street, adding everyday convenience & long-term value. The corner lot layout also allows for flexible, efficient building design & strong street presence. The location truly sets this property apart. With Walk Scores in the mid to high 90s, everyday amenities such as groceries, cafés, restaurants, parks, boutiques & essential services are just steps away. The property is well served by multiple OC Transpo routes & is moments from Lyon LRT Station, providing quick access to downtown, major employment centres & the wider city. Surrounded by ongoing & future development, this central location continues to benefit from strong demand & long-term growth. Whether you're looking for a duplex with immediate potential, a smart land holding, or a prime infill opportunity, this is a compelling chance to secure a highly visible corner property in Ottawa's urban core. (id:37072)
Property Details
| MLS® Number | X12663758 |
| Property Type | Multi-family |
| Community Name | 4103 - Ottawa Centre |
| AmenitiesNearBy | Park, Public Transit, Schools |
| CommunityFeatures | Community Centre |
| ParkingSpaceTotal | 4 |
| Structure | Porch |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 4 |
| BedroomsTotal | 4 |
| Age | 100+ Years |
| Appliances | Water Heater, Two Stoves, Window Coverings, Two Refrigerators |
| BasementDevelopment | Unfinished |
| BasementType | N/a (unfinished) |
| CoolingType | None |
| ExteriorFinish | Brick |
| FireProtection | Smoke Detectors |
| FoundationType | Block, Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Park, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| SizeDepth | 62 Ft |
| SizeFrontage | 33 Ft |
| SizeIrregular | 33 X 62 Ft |
| SizeTotalText | 33 X 62 Ft|under 1/2 Acre |
| ZoningDescription | Tm14 H(17) |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 5.74 m | 3.5 m | 5.74 m x 3.5 m |
| Second Level | Bedroom | 3.42 m | 3.3 m | 3.42 m x 3.3 m |
| Second Level | Living Room | 3.14 m | 2.92 m | 3.14 m x 2.92 m |
| Second Level | Kitchen | 3.12 m | 2.89 m | 3.12 m x 2.89 m |
| Second Level | Bathroom | Measurements not available | ||
| Second Level | Bedroom 2 | 2.99 m | 2.89 m | 2.99 m x 2.89 m |
| Second Level | Bedroom | 2.97 m | 2.87 m | 2.97 m x 2.87 m |
| Main Level | Living Room | 4.9 m | 3.4 m | 4.9 m x 3.4 m |
| Main Level | Kitchen | 4.2 m | 3.4 m | 4.2 m x 3.4 m |
| Main Level | Bathroom | Measurements not available |
Utilities
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29217154/498-gladstone-avenue-ottawa-4103-ottawa-centre
Interested?
Contact us for more information
Jen Macdonald
Salesperson
484 Hazeldean Road, Unit #1
Ottawa, Ontario K2L 1V4
Lucy Webster
Salesperson
484 Hazeldean Road, Unit #1
Ottawa, Ontario K2L 1V4
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January 05 2026 09:24:33
Ottawa Real Estate Board
Royal LePage Team Realty