ExtensionFor Sale

498 Gladstone Avenue
Ottawa Centre, Ottawa, ON, K1R 5N8

Investment
TRREB
MLS® Number: X12671812
$819,900List Price
InvestmentProperty Type
0.047 acresSize
$5,603.03 / 2025Taxes (Annual)
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Property Location

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Listing History

Buy/sell history for 498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8

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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.

Features

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Amenities

No amenities available

Summary

Tax (Annual):$5,603.03 / 2025
Listing #:X12671812
Property Type:Investment
Building Age:100+
Size:0.047 acres
Land Size:33 x 62
Days on CPRB:
Garage:None
Locker:None
On CPRB Since:
Listing Brokerage:ROYAL LEPAGE TEAM REALTY

Rooms

Details

Property

Property Type:Investment
Community:4103 - Ottawa Centre
Municipality:Ottawa

Building

Size:0.047 acres
Building Age:100+

Inside

Bedrooms:4
Bathrooms:2
Kitchens:2
Family Room:No

Parking

Garage Type:None
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:No
Heating Type:Gas Forced Air Open
Heating Fuel:Gas

Land

Cross Street:Lyon Street

$819,900

List price

498 Gladstone Avenue, Ottawa Centre – Investment for sale · MLS® # X12671812