$819,900
FOR SALE

Duplex

Bedrooms: 4Bathrooms: 2Lot: 33 x 62 ft

498 Gladstone Avenue
Ottawa, ON K1R 5N8

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:47421)
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Listed By ROYAL LEPAGE TEAM REALTY
Data Provided By Ottawa Real Estate Board
MLS® Listing Number X12663758
Last Updated May 05, 2026
Property Summary
Property Type Duplex

More like this:
Community 4103 - Ottawa Centre
Price History

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Detailed Information
Bedrooms 4
Bathrooms 2
Lot 33 x 62 ft
Amenities Nearby Park, Public Transit, Schools
Community Features Community Centre
Listing Contract Date 2026-01-05
Location Description Cross Streets: Lyon Street. ** Directions: Kent Street to Gladstone Avenue. Property will be on the corner of Gladstone & Lyon.
# of Parking Spaces 4
Property Type Multi-family
Structures Porch
Transaction Type For sale
Zoning Description TM14 H(17)
Building
Age 100+ years
Appliances Water Heater, Two stoves, Window Coverings, Two Refrigerators
Basement Development Unfinished
Basement Type N/A (Unfinished)
Cooling Type None
Exterior Finish Brick
Fire Protection Smoke Detectors
Foundation Type Block, Stone
Heating Fuel Natural gas
Heating Type Forced air
Stories Total 2
Type Duplex
Utility Water Municipal water
Rooms
Room Level Dimensions Notes
BedroomSecond level5.74 m x 3.5 m
BedroomSecond level3.42 m x 3.3 m
Living roomSecond level3.14 m x 2.92 m
KitchenSecond level3.12 m x 2.89 m
BathroomSecond levelMeasurements not available
Bedroom 2Second level2.99 m x 2.89 m
BedroomSecond level2.97 m x 2.87 m
Living roomMain level4.9 m x 3.4 m
KitchenMain level4.2 m x 3.4 m
BathroomMain levelMeasurements not available
Parking Spaces
Name Spaces
No Garage
Utilities
Type Description
CableAvailable
ElectricityInstalled
SewerInstalled
Land
Total Size 33 x 62 FT | under 1/2 acre
Amenities Park, Public Transit, Schools
Sewer Sanitary sewer
Size of Irregular Land 33 x 62 FT

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