498 Gladstone Avenue Ottawa, Ontario K1R 5N8

4 Bedroom 2 Bathroom 1,500 - 2,000 ft2
None Forced Air

$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:56069)

Property Details

MLS® Number X12663758
Property Type Multi-family
Community Name 4103 - Ottawa Centre
Amenities Near By Park, Public Transit, Schools
Community Features Community Centre
Parking Space Total 4
Structure Porch

Building

Bathroom Total 2
Bedrooms Above Ground 4
Bedrooms Total 4
Age 100+ Years
Appliances Water Heater, Two Stoves, Window Coverings, Two Refrigerators
Basement Development Unfinished
Basement Type N/a (unfinished)
Cooling Type None
Exterior Finish Brick
Fire Protection Smoke Detectors
Foundation Type Block, Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 1,500 - 2,000 Ft2
Type Duplex
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Land Amenities Park, Public Transit, Schools
Sewer Sanitary Sewer
Size Depth 62 Ft
Size Frontage 33 Ft
Size Irregular 33 X 62 Ft
Size Total Text 33 X 62 Ft|under 1/2 Acre
Zoning Description Tm14 H(17)

Rooms

Level Type Dimensions
Second Level Bedroom 5.74 m x 3.5 m
Second Level Bedroom 3.42 m x 3.3 m
Second Level Living Room 3.14 m x 2.92 m
Second Level Kitchen 3.12 m x 2.89 m
Second Level Bathroom Measurements not available
Second Level Bedroom 2 2.99 m x 2.89 m
Second Level Bedroom 2.97 m x 2.87 m
Main Level Living Room 4.9 m x 3.4 m
Main Level Kitchen 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

Contact Us

Contact us for more information

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Jen Macdonald
Salesperson

(613) 804-7653
www.macdonaldwebster.ca/

Royal LePage Team Realty
484 Hazeldean Road, Unit #1
Ottawa, Ontario K2L 1V4

(613) 592-6400
(613) 592-4945
www.teamrealty.ca/

Lucy Webster
Salesperson

(613) 884-2809
www.macdonaldwebster.ca/

Royal LePage Team Realty
484 Hazeldean Road, Unit #1
Ottawa, Ontario K2L 1V4

(613) 592-6400
(613) 592-4945
www.teamrealty.ca/

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