4 Beds 2 Bath

498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8

Ottawa Centre K1R 5N8 Ontario

MLS: X12663758

$819,900

Added 2 hours ago | For Sale

Listed by: ROYAL LEPAGE TEAM REALTY

About Property

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.

Features

  • House Style:Duplex
  • Bathrooms:2
  • Land Size: 33 X 62
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Lyon Street
  • Basement:Unfinished , Unfinished
  • Possession Date:TBD
  • Annual Property taxes: $5603.03
  • Bedrooms:4
  • Total Parking Spaces:0
  • Parking Places:0
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:South
  • Front Footage:
  • Listing ID:X12663758

Level Type Features Dimensions
Main Living Room 16 ft, 1 in x 11 ft, 2 in
Kitchen Eat-in Kitchen 13 ft, 9 in x 11 ft, 2 in
Bathroom 0 ft x 0 ft
Second Bedroom 18 ft, 10 in x 11 ft, 6 in
Bedroom 11 ft, 3 in x 10 ft, 10 in
Living Room 10 ft, 4 in x 9 ft, 7 in
Kitchen Eat-in Kitchen 10 ft, 3 in x 9 ft, 6 in
Bathroom 0 ft x 0 ft
Bedroom 2 9 ft, 10 in x 9 ft, 6 in
Bedroom 9 ft, 9 in x 9 ft, 5 in

No property rooms available.

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