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$819,900

Map

498 Gladstone Avenue

Ottawa Centre, Ottawa, Ontario K1R5N8

For sale· Added

4 bed2 bath1,500–2,000 sqft

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
X13538516
Added
Jul 8, 2026 ()
Updated
Jul 15, 2026 ()
Info refreshed

Overview

Property type
Multi-family
Building type
Duplex
Storeys
2

Inside

Bedrooms
4
Bathrooms
2
Heating
Forced air, Natural gas
Cooling
None
Fireplace
No
Appliances
Two stoves, Window Coverings, Water Heater, Two Refrigerators

Building

Basement
Unfinished
Exterior
Brick
Foundation
Stone, Block
Parking
No Garage · 4 spaces
Security
Smoke Detectors

Land

Lot size
33 x 62 ft
Zoning
TM14 H(17)

Services

Water
Municipal water
Sewer
Sanitary sewer
Utilities
Sewer, Electricity, Cable

Location

Cross streets
Lyon Street
Directions
Kent Street to Gladstone Avenue. Property will be on the corner of Gladstone & Lyon.
Nearby
Community Centre

Running costs

Annual property tax
$5,603

Rooms

Living roomMain level4.9 x 3.4 m
KitchenMain level4.2 x 3.4 m
BathroomMain level0 x 0 m
BedroomSecond level5.74 x 3.5 m
BedroomSecond level3.42 x 3.3 m
Living roomSecond level3.14 x 2.92 m
KitchenSecond level3.12 x 2.89 m
BathroomSecond level0 x 0 m
Bedroom 2Second level2.99 x 2.89 m
BedroomSecond level2.97 x 2.87 m

Ask about this home

$819,900
498 Gladstone Avenue
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