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498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8

Ottawa Centre, ON

$819,900
MLS® #: X13538414
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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.

Quick Details

Beds4
Baths2
TypeCommercial
Sq Ft0
Taxes$5,603
BOOK A SHOWING

Comprehensive Property Details

Approximate Age 100+
Basement Y N Yes
Building Area Total 0.047
Building Area Units Acres
City Region 4103 - Ottawa Centre
Co List Office Name ROYAL LEPAGE TEAM REALTY
Contract Status Available
Country CA
County Or Parish Ottawa
Cross Street Lyon Street
D D F Y N Yes
Directions Kent Street to Gladstone Avenue. Property will be on the corner of Gladstone & Lyon.
Expiration Date 2026-10-30
Freestanding Y N Yes
Garage Type None
Heat Source Gas
Heat Type Gas Forced Air Open
Internet Address Display Y N Yes
Internet Entire Listing Display Y N Yes
Kitchens Total 2
List A O R Ottawa Real Estate Board
List Office Name ROYAL LEPAGE TEAM REALTY
List Price Unit For Sale
Lot Depth 62
Lot Shape Rectangular
Lot Size Area 0.047
Lot Size Area Units Acres
Lot Size Units Feet
Lot Type Building
Lot Width 33
Mls Status New
Occupant Type Vacant
Outside Storage Y N No
Parcel Number 041200333
Parking Spaces 4
Possession Details TBD
Possession Type Flexible
Postal Code K1R 5N8
Property Sub Type Investment
Property Use Apartment
Roll Number 061404220104800
Sign On Property Y N Yes
Standard Status Active
State Or Province ON
Street Name Gladstone
Street Number 498
Street Suffix Avenue
Tax Legal Description PT LT 28, PL 30 , S/S GLADSTONE AV AS IN NS153503 ; OTTAWA/NEPEAN
Tax Type Annual
Tax Year 2025
Transaction Type For Sale
Vendor Property Info Statement No
Washrooms Type1 2