$819,900
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498 Gladstone Avenue, Ottawa, ON K1R5N8

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4 Beds
2 Baths
0 Sq Ft

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, cafs, 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:58753)

Listing By: Jen MacDonald - ROYAL LEPAGE TEAM REALTY cncrea2 Realty.com
  • MLS® X12671812
  • Date Listed01/07/2026
  • Days on Realty 151 Days
  • Bedrooms 4
  • Bathrooms 2 baths
  • Lot Size 2,047 sq. ft
  • Property Type Multi Family
  • Water Public

Interior Features

  • Appliances Window Coverings, Water Heater
  • Cooling None
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 2,047.32
  • Lot Features -

Directions

Cross Streets: Lyon Street. ** Directions: Kent Street to Gladstone Avenue. Property will be on the corner of Gladstone & Lyon.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for K1R5N8

Discover key demographics, population statistics, and environmental insights for the Ottawa, ON area.

Walkability in ON / K1R5N8

Source: Walk Score

97/100

Walker's Paradise

Walk Score ®

73/100

Excellent Transit

Transit Score ®

88/100

Very Bikeable

Bike Score ®

Overview

Daily errands do not require a car. Transit is convenient for most trips. Biking is convenient for most trips.

Transit Summary

25 nearby routes: 24 bus, 1 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 68/100, Transit Score: 61/100, Bike Score: 84/100.

Points of Interest near 498 GLADSTONE AVENUE, Ottawa, ON K1R5N8

Frequently Asked Questions for 498 GLADSTONE AVENUE

Source: Realty.com

498 GLADSTONE AVENUE, Ottawa, ON K1R5N8 in Ottawa, ON K1R5N8 is a multi family listed at $819,900. Highlights include 4 bedrooms, 2 bathrooms. Realty.ca has 31 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 31 photos of 498 GLADSTONE AVENUE.

The full address for this home is 498 GLADSTONE AVENUE, Ottawa, ON K1R5N8.

498 GLADSTONE AVENUE has been listed on Realty.com since Wed January 07, 2026

Daily errands do not require a car. Transit is convenient for most trips. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 68/100, Transit Score: 61/100, Bike Score: 84/100.

Listing provided courtesy of: ROYAL LEPAGE TEAM REALTY
Listing agent: Jen MacDonald

This content last refreshed on 2026-06-07 21:54:31. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.