498 GLADSTONE AVENUE, Ottawa, Ontario K1R5N8

498 GLADSTONE AVENUE
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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.

Property Specifications

Comprehensive breakdown of features and details.

Interior Details

AppliancesTwo stoves, Window Coverings, Water Heater, Two Refrigerators
BasementUnfinished, N/A
Bathrooms Total2
Bedrooms Total4
CoolingNone
HeatingForced air, Natural gas

Building & Exterior

Exterior FeaturesBrick
Foundation DetailsStone, Block
Parking FeaturesNo Garage
Stories2.0

Land & Location

City Region4103 - Ottawa Centre
Community FeaturesCommunity Centre
Frontage Length33.0 feet
Lot Size Dimensions33 x 62 FT

Utilities & Services

UtilitiesSewer, Electricity, Cable

Listing & Financials

Listing OfficeROYAL LEPAGE TEAM REALTY
Originating System NameOttawa Real Estate Board

Other Specifications

CountryCanada
Parking Total4
Security FeaturesSmoke Detectors

For Sale

$819,900

498 GLADSTONE AVENUE, Ottawa, Ontario K1R5N8

Beds

4

Baths

2

Living Area

-

Lot Size

-

Property Type

Duplex

Year Built

-

Listing IDX12663758

Location & Map

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