498 GLADSTONE AVENUE
4103 - Ottawa Centre
Ottawa
K1R 5N8
$819,900
Multi-family
beds: 4
baths: 2.0
0 sq. ft.
- Status:
- Active
- Prop. Type:
- Multi-family
- MLS® Num:
- X12671812
- Bedrooms:
- 4
- Bathrooms:
- 2
- Photos (31)
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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. (id:2493)
- Property Type:
- Multi-family
- Property Attached:
- Yes
- Total Living Area:
- 0 sq. ft.0 m2
- Zoning:
- TM14 H(17)
- Taxes:
- $5,603.03 / -
- Community:
- 4103 - Ottawa Centre
- Major Business Type:
- Residential
- Structure Type:
- Multi-Family
- Appliances Included:
- Window Coverings, Water Heater
- Bedrooms:
- 4
- Bathrooms:
- 2.0
- Cooling:
- None
- Fireplace:
- No
- Heating:
- Forced air, Natural gas
- Water:
- Municipal water
- Lot Frontage:
- 33'10.1 m
- Lot Size:
- 2,047 sq. ft.190 m2
- Lot Details:
- 0.047
- Total Parking Spaces:
- 4
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Main level bed 2
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Main level bed 2
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Main level living room
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Main level living room
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Main level primary bed
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Main level primary bed
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2nd level bed 2
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2nd level living room
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2nd level bed 2
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2nd level living room
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2d level bath
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2nd level primary bed
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2nd level primary bed
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Listed by ROYAL LEPAGE TEAM REALTY
Data was last updated January 8, 2026 at 11:15 PM (UTC)
Area Statistics
- Listings on market:
- 10
- Avg list price:
- $2,024,500
- Min list price:
- $819,900
- Max list price:
- $2,699,900
- Avg days on market:
- 43
- Min days on market:
- 1
- Max days on market:
- 135
These statistics are generated based on the current listing's property type
and located in
4103 - Ottawa Centre. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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