498 GLADSTONE AVENUE, Ottawa, ON K1R5N8
498 GLADSTONE AVENUE, Ottawa, ON K1R5N8
498 GLADSTONE AVENUE, Ottawa, ON K1R5N8
498 GLADSTONE AVENUE, Ottawa, ON K1R5N8
498 GLADSTONE AVENUE, Ottawa, ON K1R5N8
498 GLADSTONE AVENUE, Ottawa, ON K1R5N8
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$ 819,900
Est. payment | /mo

4 Beds

2 Baths

2,047 Sqft Lot


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$ 819,900
Est. payment | /mo
Save

4 Beds

2 Baths

2,047 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision 4103 - Ottawa Centre

MLS® Listing ID X13538414

Bedrooms 4

Lot Size 2,047 Sqft

Acres 0.047

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. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Cooling None

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 4

Garage No

Private Pool No

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Listed by ROYAL LEPAGE TEAM REALTY
Nearby Locations
Lynn Boyarski

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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498 GLADSTONE AVENUE