498 Gladstone Avenue

ActiveOttawa Centre · 4103 - Ottawa Centre29 days on marketMLS® X13538516

$819,900

$547 / sq ft

Bedrooms4

Bathrooms2

Interior1,500 sq ft

TypeMulti-Family

ListingFor Sale

Days on Market29

About this property

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.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	X13538516
Status	Active
Listing Type	For Sale
Property Type	Multi-Family
Interior Size	1,500 sq ft
Beds / Baths	4 bed · 2 bath
Neighbourhood	4103 - Ottawa Centre
City	Ottawa Centre
Postal Code	K1R 5N8
Province	ON
Listed Date	July 8, 2026
Days on Market	29
Price per Sq Ft	$547
Brokerage	ROYAL LEPAGE TEAM REALTY