For Sale: 498 Gladstone Avenue, Ottawa, ON - REW
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$819,900
4 bd • 2 ba • sf • Multifamily
498 Gladstone Avenue
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$819,900
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498 Gladstone AvenueOttawa, ON, K1R 5N8

Centretown
  • 4 Bed
  • 2 Bath
  • Sqft
  • Multifamily

About this home

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:63626)
Listed by: Jen MacDonald, Salesperson, ROYAL LEPAGE TEAM REALTY

Home facts and features

Price details
List Price
$819,900
Get Pre-Approved
Gross Taxes for 2026
$5,603
Home facts
Bedrooms
4
Full Bathrooms
2
Parking Spaces
4
Property Type
Multifamily
Lot Size
33 ft x 0 ft (2047 ft²)
Depth
Frontage
33.0 feet
Heating Type
Forced air, Natural gas
Appliances
Water Heater, Window Coverings
Community
Agent details
Primary Agent
Jen MacDonald
Primary Broker
ROYAL LEPAGE TEAM REALTY
Secondary Agent
Lucy Webster
Secondary Broker
ROYAL LEPAGE TEAM REALTY
Listing details
Days on REW
151 Days
Property Views
44
MLS® Number
X12671812
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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25 Years
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3.99%

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Property Insights

Glashan Public School
  • Public
  • 7 - 8
Cambridge Street Community Public School
  • Public
  • JK - 6
Centennial Public School
  • Public
  • JK - 8
Elgin Street Public School
  • Public
  • JK - 6
St Anthony Elementary School
  • Catholic
  • JK - 6
Glebe Collegiate Institute
  • Public
  • 9 - 12
First Avenue Public School
  • Public
  • JK - 6
Corpus Christi Catholic Elementary School
  • Catholic
  • JK - 6
Mutchmor Public School
  • Public
  • JK - 6
Lisgar Collegiate Institute
  • Public
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Jen MacDonald
Phone:
(613) 804-7653
Office:
613-592-6400
Salesperson
Lucy Webster
Phone:
(613) 884-2809
Office:
613-592-6400
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