Property description for 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:38686)

QUICK OVERVIEW

4 parking spaces
None
Forced air, Natural gas
13 Days on website
0.047 acres lot

INTERIOR

BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

UTILITIES

AREA AND SCHOOLS

FINANCIAL INFO

ADDITIONAL INFO

Price per square foot and days on website are not provided values and are calculated by REMAX.

Listing Agent Jen Macdonald

Listing Office Royal Lepage Team Realty, 613-592-6400

Updated Tuesday, July 21, 2026 at 3:35:06 PM

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NEIGHBOURHOOD

About the Centretown Neighbourhood

Peu importe le genre de quartier qu'ils préfèrent, les futurs propriétaires se sentiront chez eux dans cette partie de la ville Le niveau sonore est bas dans le secteur, puisque les rues sont normalement assez calmes. Le quartier compte une centaine d'espaces verts, comme par exemple Parliament Hill et Commissioners Park, et ceux-ci sont particulièrement bien répartis dans Centretown, et donc il est facile d'atteindre l'un d'entre eux en marchant. Enfin, il est facile de trouver un lieu dynamique dans le secteur. Même s'il y a un choix très limité de lieux de divertissement à proximité, d'une manière générale, il y a un très grand nombre de gens dans les rues, et les endroits où sortir le soir sont bien situés dans le quartier. En particulier, Elgin Street offre un vaste choix de bars.

Learn more about Centretown

Groceries

Variété exceptionnelle d'épiceries à quelques pas

Pedestrian friendly

L'ensemble des besoins quotidiens peut être comblé à quelques minutes de marche

Daycares

Au moins une garderie à quelques pas à pied

High Schools

Au moins une école secondaire à moins de 5 minutes à pied

Elementary Schools

Au moins une école primaire à moins de 5 minutes à pied

CLIMATE RISK FOR K1R 5N8

FINANCING

10 Tips for Getting the Best Mortgage Rate in Canada

Mortgage Payments for 498 Gladstone Avenue, Ottawa, ON K1R 5N8

$3,722

Monthly

Estimated Payment

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498 GLADSTONE AVENUE, OTTAWA, ON K1R 5N8