New Listing
498 Gladstone Avenue,Ottawa Centre, ON K1R 5N8
Ottawa Centre, ON K1R 5N8
Description
EXCEPTIONAL VISIBILITY. FLEXIBLE POTENTIAL. PRIME DOWNTOWN LOCATION. Positioned on a prominent corner in the heart of downtown Ottawa, this fully vacant duplex offers a rare & unique 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.
Details
| MLS # | X14144292 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Listing Provided By | ROYAL LEPAGE TEAM REALTY | X14144292 506802 |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.05 |
Interior
| Interior Features | Storage |
|---|---|
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Porch |
|---|---|
| Roof | Asphalt Rolled |
| Foundation Details | Block, Stone |
| Construction Materials | Brick |
| Security Features | Smoke Detector, Carbon Monoxide Detectors |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private Double, Private, Other |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 5838.83 |
|---|---|
| Tax Legal Description | PT LT 28, PL 30 , S/S GLADSTONE AV AS IN NS153503 ; OTTAWA/NEPEAN |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Ottawa |
| City | Ottawa Centre |
| Postal Code | K1R 5N8 |
| Area | 4103 Ottawa Centre |
| Listing VS Median (in K1R 5N8) | |
Price: $749,900 low | high Med: $749,900 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Ottawa |
| City | Ottawa Centre |
| Postal Code | K1R 5N8 |
| Area | 4103 Ottawa Centre |
| Listing VS Median (in K1R 5N8) | |
Price: $749,900 low | high Med: $749,900 | |
