498 Gladstone Ave, Ottawa, Ontario

Multi-Family for Sale in Ottawa

498 Gladstone Ave, Ottawa, ON

  • CA$819,900
  • 4 BEDS
  • 2 BATHS
  • 2,046 sq.ft. Land

Multi-Family for Sale in Ottawa

498 Gladstone Ave, Ottawa, ON

  • CA$819,900
  • 4 BEDS
  • 2 BATHS
  • 2,046 sq.ft. Land

Key Facts

  • MLS® #: X12663758
  • Property ID: SIRC3028095
  • Property Type: Residential, Duplex
  • Lot Size: 2,046 sq.ft.
  • Year Built: 100
  • Bedrooms: 4
  • Bathrooms: 2
  • Parking Spaces: 4
  • Listed By:
  • ROYAL LEPAGE TEAM REALTY

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.

Downloads & Media

Rooms

  • TypeLevelDimensionsFlooring
  • Living roomMain11' 1.8" x 16' 9.1"Other
  • KitchenMain11' 1.8" x 13' 9.3"Other
  • BathroomMain0' x 0'Other
  • Bedroom2nd floor11' 5.7" x 18' 9.9"Other
  • Bedroom2nd floor10' 9.9" x 11' 2.6"Other
  • Living room2nd floor9' 6.9" x 10' 3.6"Other
  • Kitchen2nd floor9' 5.7" x 10' 2.8"Other
  • Bathroom2nd floor0' x 0'Other
  • Bedroom2nd floor9' 5.7" x 9' 9.7"Other
  • Bedroom2nd floor9' 4.9" x 9' 8.9"Other

Listing Agents

ROYAL LEPAGE TEAM REALTY

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Location

498 Gladstone Ave, Ottawa, Ontario, K1R 5N8 Canada

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