Contact Us

Edit Template

498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8

Ottawa Centre, ON, K1R 5N8 · 4103 - Ottawa Centre

4 Beds
2 Baths
Sq Ft
4 Parking
Investment Type
X12671812 MLS#

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 & Amenities

  • Garage: None
  • Cooling: No
  • Heat Type: Gas Forced Air Open
  • Heat Source: Gas

Property Details

Property Type Commercial
Property Sub-Type Investment
Bedrooms 4
Bathrooms 2
Lot Size 0 Feet
Garage None
Parking Spaces 4
Heat Type Gas Forced Air Open
Heat Source Gas
Cooling No
Annual Tax $5,603
Tax Year 2025

Building & Construction

Approximate Age
100+
Building Area Total
0.047

Heating & Cooling

Heat Type
Gas Forced Air Open
Heat Source
Gas
Cooling
No

Parking & Garage

Garage Type
None
Parking Spaces
4

Lot & Land

Lot Size Area
0.05
Lot Size Units
Feet
Lot Depth
62.00
Lot Width
33.00

Community & Neighborhood

Community Features
Major Highway, Public Transit

Financial & Tax

Tax Annual Amount
$5,603
Tax Year
2025
Possession Type
Flexible
Possession Details
TBD

Utilities & Services

Utilities
Yes

Room Details

Kitchens Total
2

Additional Details

Occupant Type
Vacant
County Or Parish
Ottawa
Cross Street
Lyon Street
Directions
Kent Street to Gladstone Avenue. Property will be on the corner of Gladstone & Lyon.
Showing Requirements
Lockbox, Showing System

Location

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

Listing courtesy of ROYAL LEPAGE TEAM REALTY
Out believe has request not how comfort evident. Up delight cousins we feeling minutes genius.

Company

Business Hours

Return Policy

Terms and Conditions

Privacy Policy

About Us

About Us

Copyright Notice

Payment Methods

Information

Work Hours

Terms and Conditions

Business Hours

Copyright Notice

About Us

Contact Info

© 2026 Created with VOVO Agents