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498 GLADSTONE AVENUE
4103 - Ottawa Centre Ottawa K1R 5N8

$819,900
Multi-family beds: 4 baths: 2.0

Main Photo: 498 GLADSTONE AVENUE in Ottawa: Multi-family for sale : MLS®# X12663758
Photo 1: 498 GLADSTONE AVENUE in Ottawa: Multi-family for sale : MLS®# X12663758
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Status:
Active
Prop. Type:
Multi-family
MLS® Num:
X12663758
Bedrooms:
4
Bathrooms:
2
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. (id:2493)
Property Type:
Multi-family
Property Attached:
Yes
Living Area (Min):
1,500 sq. ft.
Living Area (Max):
2,000 sq. ft.
Zoning:
TM14 H(17)
Taxes:
$5,603.03 / -
Community:
4103 - Ottawa Centre
Exterior Features:
Brick
Community Features:
Community Centre
Security Features:
Smoke Detectors
Structure Type:
Duplex
Utilities:
Sewer, Electricity, Cable
Appliances Included:
Two stoves, Window Coverings, Water Heater, Two Refrigerators
Bedrooms:
4
Bedrooms Above Grade:
4
Bathrooms:
2.0
Cooling:
None
Fireplace:
No
Foundation:
Stone, Block
Heating:
Forced air, Natural gas
# Storeys:
2.0
Water:
Municipal water
Sewer:
Sanitary sewer
Basement:
Unfinished, N/A
Lot Frontage:
33'
Lot Details:
33 x 62 FT
Parking:
No Garage
Total Parking Spaces:
4
Floor
Type
Size
Other
Main level
Living room
16'1" × 11'2"
-
Main level
Kitchen
13'9" × 11'2"
-
Second level
Bedroom
18'10" × 11'5¾"
-
Second level
Bedroom
11'3" × 10'10"
-
Second level
Living room
10'4" × 9'7"
-
Second level
Kitchen
10'3" × 9'5¾"
-
Second level
Bedroom 2
9'10" × 9'5¾"
-
Second level
Bedroom
9'9" × 9'5"
-
Floor
Ensuite
Pieces
Other
Main level
No
-
0' x 0'
Second level
No
-
0' x 0'
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    Main level bed 2
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    Main level bed 2
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    Main level living room
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    Main level living room
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    Main level primary bed
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    Main level primary bed
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    2nd level bed 2
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    2nd level bed 2
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    2nd level living room
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    2nd level living room
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    2nd level bath
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    2nd level primary bed
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    2nd level primary bed
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Listed by ROYAL LEPAGE TEAM REALTY
Data was last updated January 7, 2026 at 01:15 PM (UTC)
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