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498 Gladstone Avenue, Ottawa, ON 31 photos

$819,900

Active
498 Gladstone Avenue, Ottawa, ON· Ottawa Centre
4
Bedrooms
2
Bathrooms
1500-2000
Sq Ft
4 (None)
Parking
100+
Year Built

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.

Listed by ROYAL LEPAGE TEAM REALTY · MLS# X12663758

Features & Details

Property details of 498 Gladstone Avenue, Ottawa, ON

Property TypeDuplex
Style2-Storey
Size1500-2000 sq ft
BasementUnfinished
Total Parking4

Mortgage Calculator

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%
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Mortgage Payment$4,028/monthly
Principal54%
Interest46%
Principal Amount$655,920
Interest$552,457
Total Payable$1,208,377
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$4,028
Mortgage + Expenses$4,028
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$
$
$
$
Monthly Cash Flow-$4,028

* Estimate only. Consult a mortgage broker for accurate figures.

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Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

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