Homes for sale - 498 GLADSTONE AVENUE, Ottawa, ON K1R5N8

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Maha Shahbazian

maha@ottawarealestate.com +1(613) 862-6242

$ 819,900

Est. payment | -/mo

4 Beds

2 Baths

1,500 SqFt

Save Virtual Tour

$ 819,900

Est. payment | -/mo

Save Virtual Tour

4 Beds

2 Baths

1,500 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $546

Subdivision 4103 - Ottawa Centre

MLS® Listing ID X12663758

Bedrooms 4

Source Ottawa Real Estate Board

Property Description

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:24570)

Location

State ON

Rooms

Kitchen 2.0

Extra Room 1 Second level 5.74 m X 3.5 m Bedroom

Extra Room 2 Second level 3.42 m X 3.3 m Bedroom

Extra Room 3 Second level 3.14 m X 2.92 m Living room

Extra Room 4 Second level 3.12 m X 2.89 m Kitchen

Extra Room 5 Second level Measurements not available Bathroom

Extra Room 6 Second level 2.99 m X 2.89 m Bedroom 2

Interior

Heating Forced air

Cooling None

Exterior

Parking Features No

Community Features Community Centre

View Y/N No

Total Parking Spaces 4

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

Virtual Tour https://youtube.com/shorts/INsXb2Pftsc?feature=share

Listed by ROYAL LEPAGE TEAM REALTY

Making real estate fast, fun, and stress-free!

+1(613) 862-6242

maha@ottawarealestate.com

498 GLADSTONE AVENUE Ottawa, ON K1R5N8