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$819,900

498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8

Ottawa Centre

Bedrooms
4
Bathrooms
2
Square feet
0
Type
Investment
AI summary
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About this listing

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.

Payment calculator

$163,980 (20%)
%
Estimated payment
$3,630 /mo
Mortgage amount
$655,920

Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.

Location

Walkability

View Walk Score, Transit Score & Bike Score

Walkability, transit, and bike-friendliness for 498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8

Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.

MLS# X12671812

Listed by ROYAL LEPAGE TEAM REALTY

On market since Jan 7, 2026

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

How much is 498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8?

498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8 is listed for $819,900 CAD.

How many bedrooms and bathrooms does 498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8 have?

498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8 has 4 bedrooms and 2 bathrooms.

What type of property is 498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8?

498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8 is a Investment.

What neighbourhood is 498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8 in?

498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8 is in Ottawa Centre, Ontario.

Is 498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8 for sale or for rent?

498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8 is currently for sale.

How do I book a showing for 498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8?

Contact Avi Hayev at +16471112222 to arrange a private showing of 498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8 (MLS# X12671812). You can also send a message through the contact form on this site.