For sale 50$819,900
498 Gladstone Avenue
Ottawa Centre, Ottawa, Ontario K1R5N8
For sale· Added
About this home
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.
Location
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Property details
Listing
- MLS® number
- X13538414
- Added
- Jul 8, 2026 ()
- Updated
- Jul 15, 2026 ()
- Info refreshed
Overview
- Property type
- Multi-family
- Building type
- Multi-Family
Inside
- Bedrooms
- 4
- Bathrooms
- 2
- Heating
- Forced air, Natural gas
- Cooling
- None
- Fireplace
- No
- Appliances
- Window Coverings, Water Heater
Building
- Parking
- 4 spaces
Land
- Frontage
- 33 ft
- Lot area
- 0.047 acres
- Zoning
- TM14 H(17)
Services
- Water
- Municipal water
Location
- Cross streets
- Lyon Street
- Directions
- Kent Street to Gladstone Avenue. Property will be on the corner of Gladstone & Lyon.
Running costs
- Annual property tax
- $5,603
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