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$819,900

Est. payment - /mo

4 Beds

2 Baths

New

498 Gladstone AVE Ottawa Centre, ON K1R 5N8

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Kenneth Yim

ken@broadviewavenue.ca +1(647) 496-2269

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision 4103 - Ottawa Centre

MLS Listing ID X12663758

Style 2-Storey

Bedrooms 4

Annual Tax Amount $5,603

Tax Year 2025

Property Sub-Type Duplex

Lot Depth 62.0

Lot Front 33.0

Property Description

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.

Location

Province ON

County Ottawa

Area Ottawa

Rooms

Family Room No

Basement Unfinished

Kitchen 2

Interior

Interior Features Storage

Cooling None

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Porch

Parking Features Private Double, Private, Other

Pool None

Roof Type Asphalt Rolled

Lot Frontage 33.0

Lot Depth 62.0

Total Parking Spaces 4

Building

Building Age 100+

Unit Features Library,Park,Public Transit,Rec./Commun.Centre,School,Arts Centre

Foundation Block, Stone

Others

Security Features Smoke Detector,Carbon Monoxide Detectors

ParcelsYN No

Virtual Tour https://youtube.com/shorts/INsXb2Pftsc?feature=share

Listed by ROYAL LEPAGE TEAM REALTY

GET MORE INFORMATION

Kenneth Yim

Broker of Record | License ID: 9524831

+1(647) 496-2269

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