498 Gladstone Avenue, Ottawa, Ontario K1R 5N8

Listed for:
$819,900
4 beds
2 baths
Listed 3 days ago
Duplex for rent: 498 Gladstone Avenue, Ottawa, Ontario K1R 5N8

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Learn more about this property
Listing provided by:
ROYAL LEPAGE TEAM REALTY
MLS® number:
X12663758
Agent:
Jen Macdonald
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About

Cross Streets: Lyon Street. ** Directions: Kent Street to Gladstone Avenue. Property will be on the corner of Gladstone & Lyon. 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:27476)

Property Highlights

MLS® Number
X12663758
Type
Multi-family
Community Name
4103 - Ottawa Centre
Land Size
33 x 62 FT|under 1/2 acre
Parking Space Total
4

Building

Building Type
Duplex
Storeys
2.00
Square Footage
1500 - 2000 sqft
Bathrooms Total
2
Bedrooms Above Ground
4
Bedrooms Total
4
Amenities
Park, Public Transit, Schools
Exterior Finish
Brick
Fireplace Present
No
Basement Type
N/A (Unfinished)
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
None

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Room Layout

Bedroom
Second level
5.74 m x 3.5 m
Bedroom
Second level
3.42 m x 3.3 m
Living room
Second level
3.14 m x 2.92 m
Kitchen
Second level
3.12 m x 2.89 m
Bathroom
Second level
Measurements not available
Bedroom 2
Second level
2.99 m x 2.89 m
Bedroom
Second level
2.97 m x 2.87 m
Living room
Main level
4.9 m x 3.4 m
Kitchen
Main level
4.2 m x 3.4 m
Bathroom
Main level
Measurements not available

Location