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
- 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 room | Main level | 4.9 x 3.4 m |
| Kitchen | Main level | 4.2 x 3.4 m |
| Bathroom | Main level | 0 x 0 m |
| Bedroom | Second level | 5.74 x 3.5 m |
| Bedroom | Second level | 3.42 x 3.3 m |
| Living room | Second level | 3.14 x 2.92 m |
| Kitchen | Second level | 3.12 x 2.89 m |
| Bathroom | Second level | 0 x 0 m |
| Bedroom 2 | Second level | 2.99 x 2.89 m |
| Bedroom | Second level | 2.97 x 2.87 m |
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