$819,900
Available - For Sale
Listing ID: X12671812
498 Gladstone Avenue , Ottawa Centre, K1R 5N8, Ottawa
| 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. |
| Price | $819,900 |
| Taxes: | $5603.03 |
| Tax Type: | Annual |
| Occupancy: | Vacant |
| Address: | 498 Gladstone Avenue , Ottawa Centre, K1R 5N8, Ottawa |
| Postal Code: | K1R 5N8 |
| Province/State: | Ottawa |
| Legal Description: | PT LT 28, PL 30 , S/S GLADSTONE AV AS IN |
| Directions/Cross Streets: | Lyon Street |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 0.05 |
| Total Area Code: | Acres |
| Area Influences: | Major Highway Public Transit |
| Approximatly Age: | 100+ |
| Chattels: | T |
| Washrooms: | 2 |
| Outside Storage: | F |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | No |
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| ROYAL LEPAGE TEAM REALTY |
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RAY NILI
Broker
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(416) 837 7576
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(905) 731 2000
Fax:
(905) 886 7557
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Ottawa Centre |
| Neighbourhood: | 4103 - Ottawa Centre |
| Approximate Age: | 100+ |
| Tax: | $5,603.03 |
| Baths: | 2 |
| Fireplace: | N |
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