498 GLADSTONE AVENUE, Ottawa
- Multi-Family
- Spacious 4-bedroom layout
- 4-car parking
- Ottawa location
Ask Peter Sagos | REALTOR® about this property
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. (id:67440)
Property Details
Building & Features
Building
- Building type
- Duplex
- Storeys
- 2
- Exterior
- Brick
- Foundation
- Stone, Block
Interior
- Basement
- Unfinished, N/A
- Bedrooms above grade
- 4
- Heating
- Forced air, Natural gas
- Cooling
- None
- Fireplace
- No
- Appliances
- Two stoves, Window Coverings, Water Heater, Two Refrigerators
Parking
- Garage and parking
- No Garage
Lot and land
- Lot dimensions
- 33 x 62 FT
- Frontage
- 33 ft
- Zoning
- TM14 H(17)
- Water
- Municipal water
- Sewer
- Sanitary sewer
- Utilities
- Sewer, Electricity, Cable
Location
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