$819,900
FOR SALE

Duplex 2-Storey

Bedrooms: 4Bathrooms: 2Lot: 33 x 62 ft
2025 Taxes: $5,603.03

498 Gladstone Ave
Ottawa Centre, ON K1R 5N8 | 4103 - Ottawa Centre | Ottawa

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.
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Listed By ROYAL LEPAGE TEAM REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12663758
Last Updated May 12, 2026
Property Summary
Property Type Duplex

More like this:
PIN 041200333
Legal Description PT LT 28, PL 30 , S/S GLADSTONE AV AS IN NS153503 ; OTTAWA/NEPEAN
Possession Date TBD
Taxes (2025) $5,603.03
Directions/Cross Streets Lyon Street
Neighbourhood 4103 - Ottawa Centre
Area Ottawa
Price History

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Detailed Information
Fronting On South
Special Designations Unknown
Bedrooms 4
Bathrooms 2
Lot 33 x 62 ft
Exterior Brick
Air Conditioning None
Basement Unfinished
Garage Type None
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

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