498 GLADSTONE AVENUE, Ottawa

2026-01-05
 

Quick Summary

Location
498 GLADSTONE AVENUE, Ottawa, Ontario K1R5N8
Price
$819,900 CAD
Status:
For Sale
Property Type:
Multi-family
Area:
1500 - 2000 sqft
Bedrooms:
4
Bathrooms:
2
Garages:
4
Video Link:

MLS®#X12663758

Property Description

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:32467)

Property Features

Ammenities Near By

  • Ammenities Near By: Park, Public Transit, Schools

Building

  • Appliances: Water Heater, Two stoves, Window Coverings, Two Refrigerators
  • Basement Development: Unfinished
  • Basement Type: N/A (Unfinished)
  • Cooling Type: None
  • Exterior Finish: Brick
  • Fireplace: No
  • Interior Size: 1500 - 2000 sqft
  • Building Type: Duplex
  • Stories: 2
  • Utility Water: Municipal water

Land

  • Land Size: 33 x 62 FT|under 1/2 acre
  • Sewer: Sanitary sewer

Structure

  • Structure: Porch

Zoning

  • Description: TM14 H(17)

Information entered by ROYAL LEPAGE TEAM REALTY
Listing information last updated on: 2026-05-05 18:53:30


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