498 Gladstone Avenue,Ottawa Centre, ON K1R 5N8
Ottawa Centre, ON K1R 5N8
Description
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.
Details
| MLS # | X13538414 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 56 |
| Listing Provided By | ROYAL LEPAGE TEAM REALTY | X13538414 506802 |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 |
| SQ Feet | 2,047 |
| Acreage | 0.05 |
Interior
| Cooling | No |
|---|---|
| Heat Source | Gas |
Exterior
| Community Features | Major Highway, Public Transit |
|---|
Utilities
| Utilities | Yes |
|---|
Taxes
| Tax Annual Amount | 5603.03 |
|---|---|
| Tax Type | Annual |
| Tax Legal Description | PT LT 28, PL 30 , S/S GLADSTONE AV AS IN NS153503 ; OTTAWA/NEPEAN |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Ottawa |
| City | Ottawa Centre |
| Postal Code | K1R 5N8 |
| Area | 4103 Ottawa Centre |
| Listing VS Median (in K1R 5N8) | |
Price: $819,900 low | high Med: $819,900 sqft: 2,047 low | high Med: 2,047 $ / sqft: $401 low | high Med: $401 On site: 56 low | high Med: 56 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Ottawa |
| City | Ottawa Centre |
| Postal Code | K1R 5N8 |
| Area | 4103 Ottawa Centre |
| Listing VS Median (in K1R 5N8) | |
Price: $819,900 low | high Med: $819,900 sqft: 2,047 low | high Med: 2,047 $ / sqft: $401 low | high Med: $401 On site: 56 low | high Med: 56 | |
