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Saturday, July 11th, 2026

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$819,900
Available - For Sale
Listing ID: X12671812
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.
Price $819,900
Taxes: $5,603.03
Tax Type: Annual
Occupancy by: Vacant
Address: 498 Gladstone Avenue , Ottawa Centre, K1R 5N8, Ottawa
Postal Code: K1R 5N8
Province/State: Ottawa
Legal Description: PT LT 28, PL 30 , S/S GLADSTONE AV AS IN
Directions/Cross Streets: Lyon Street
No. of Pieces Level
Washroom 1:  0
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Washroom 47:  0
Washroom 48:  0
Washroom 49:  0
Washroom 50:  0
Category: Apartment
Use: Apts - 2 To 5 Units
Building Percentage: T
Total Area: .05
Total Area Code:  Acres
Area Influences: Major Highway   Public Transit
Approximatly Age: 100+
Chattels: T
Maintenance: 0
Outside Storage: F
Heat Type: Gas Forced Air Open
Central Air Conditioning: No
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ROYAL LEPAGE TEAM REALTY

498 Gladstone Avenue , Ottawa Centre, K1R 5N8, Ottawa

Evelina Branitsky
Sales Representative
Dir:
647.888.9606
Bus:
416.739.7200
Fax:
416.739.9367

 
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Type: Com - Investment
Area: Ottawa
Municipality: Ottawa Centre
Neighbourhood: 4103 - Ottawa Centre
Style:
Lot Size: x 62.00(Feet)
Approximate Age: 100+
Tax: $5,603.03
Maintenance Fee: $0
Beds: 0
Baths: 2
Garage: 0
Fireplace: N
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Evelina Branitsky Sales Representative pic ebranitsky@rogers.com Sutton Group- Admiral Realty Inc., Brokerage Independently owned and operated. pic 1881 Steeles Avenue West, Toronto, Ontario M3H5Y4 pic Dir: 647.888.9606 | Office: 416.739.7200 | Fax: 416.739.9367 Personal Pic

ebranitsky@rogers.com