498 Gladstone Avenue, Ottawa, Ontario K1R5N8

Listed on Jan 08, 2026 • 4103 - Ottawa Centre • MLS® #X12671812

Bedrooms4
Bathrooms2
SizeN/A SqFt
Total Parking4
Front DoorN/A
Lot Size0.047

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. (id:39198)

Features & Details

Key Summary

Property Type: Multi-family
Taxes: $5,603
Lot Size: 0.047
Total Parking: 4

  • Style: Multi-Family
  • Property Class: CommercialProperty
  • Last Status: New
  • Days on Market: 55

  • Bedrooms: 4
  • Bathrooms: 2
  • Heating: Forced air, Natural gas
  • Cooling: None
  • Extras / Inclusions: Window Coverings, Water Heater

  • Lot Dimensions: 0.047
  • Lot Size: 0.047 acres
  • Water Source: Municipal water

  • Total Parking Spaces: 4

  • MLS® Number: X12671812
  • Listed On: Jan 08, 2026
  • Last Status: New
  • Days on Market: 55
  • Updated On: Jan 08, 2026 00:35
  • Brokerage: ROYAL LEPAGE TEAM REALTY
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