NewFor Sale

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

Duplex
TRREB
MLS® Number: X14144292
Estimated Value
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$749,900List Price
4Bedrooms
2Bathrooms
0Garages
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Listing History

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Current valuation for 498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8. Listed for $749,900 on 2026-11-14

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Description

EXCEPTIONAL VISIBILITY. FLEXIBLE POTENTIAL. PRIME DOWNTOWN LOCATION. Positioned on a prominent corner in the heart of downtown Ottawa, this fully vacant duplex offers a rare & unique 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

LibraryParkPublic TransitRec./Commun.CentreSchoolArts Centre

Amenities

No amenities available

Summary

Tax:$5,838.83 / 2026
Listing #:X14144292
Property Type:Duplex, 2-Storey
Building Age:100+
Size:1500-2000 feet²
Land Size:33 x 62 | < .50 acres
Days on CPRB:
Garage:None
Locker:None
On CPRB Since:
Listing Brokerage:ROYAL LEPAGE TEAM REALTY

Rooms

Details

Property

Property Type:Duplex
Style:2-Storey
Community:4103 - Ottawa Centre
Municipality:Ottawa

Building

Size:1500-2000 feet²
Building Age:100+
Construction:Brick

Inside

Bedrooms:4
Bedrooms Above Grade:4
Bathrooms:2
Bathrooms Detail:1, 4pc Main floor
Bathrooms Detail:1, 4pc Second floor
Kitchens:2
Family Room:No
Appliances Included:Storage
Basement:Unfinished

Parking

Driveway:Private Double, Private, Other
Garage Type:None
Garage Spaces:0
Total Parking Spaces:4

Utilities

Cooling:None
Heating Type:Forced Air
Heating Fuel:Gas
Utility Sewer:Sewer

Land

Cross Street:Lyon Street

$749,900

List price

498 Gladstone Avenue, Ottawa Centre – 4 bed Duplex for sale · MLS® # X14144292