498 GLADSTONE AVENUE, Ottawa, Ontario, K1R 5N8

MLS® # X12671812

Investment For Sale In Centretown, Ottawa, Ontario

$819,900

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498 Gladstone Avenue, Ottawa, ON - Outdoor

498 Gladstone Avenue, Ottawa, ON - Outdoor With Exterior

498 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Other Room

Main level bed 2 - 498 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Other Room

Main level living room - 498 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Other Room

498 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Kitchen

498 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Kitchen With Double Sink

498 Gladstone Avenue, Ottawa, ON - Photo Showing Other Room

Main level primary bed - 498 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Other Room

498 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Bathroom

2nd level bed 2 - 498 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Other Room

2nd level living room - 498 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Other Room

2d level bath - 498 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Bathroom

498 Gladstone Avenue, Ottawa, ON - Indoor

2nd level primary bed - 498 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Other Room

498 Gladstone Avenue, Ottawa, ON - Outdoor With Body Of Water

498 Gladstone Avenue, Ottawa, ON - Outdoor With View

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498 GLADSTONE AVENUE, Ottawa, Ontario, K1R 5N8

$819,900

Property Information:

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:7525)