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    For Sale - 498 Gladstone Avenue, Ottawa Centre, Ontario

    Est payment $3,601/mo
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    Views   2
    Time on Jump  5 day

    AI Summary *

    • Downtown corner lot offers strong visibility and flexible redevelopment potential.
    • Two vacant two-bedroom units provide options for investors or owner-occupiers.
    • Traditional Mainstreet zoning supports residential or mixed-use possibilities.
    • Four owned off-street parking spaces add convenience in a walkable urban area.
    • Close to shops, restaurants, parks, transit routes, and an LRT station.




    Exceptional visibility. Flexible potential. Prime downtown location. Positioned on a prominent corner in the heart of downtown ottawa, this fully vacant duplex offers a rare & unique 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.
    Listing IDX14144276
    Address498 Gladstone Avenue
    CityOttawa Centre, Ontario
    Price$749,900
    Bed / Bath4 / 2 Full
    StyleInvestment
    Land Size0.047
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Major Highway, Public TransitBasement 1Heating / Cooling Gas Forced Air OpenHeating Fuel Gas

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    Listing Brokerage: ROYAL LEPAGE TEAM REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    498 Gladstone Avenue
    Ottawa Centre , Ontario
    4 2 $749,900
    Get more info