498 Gladstone Avenue, Ottawa, Ontario K1R 5N8

Listed for:
$819,900
4 beds
2 baths
Listed 54 days ago
Multi-Family for rent: 498 Gladstone Avenue, Ottawa, Ontario K1R 5N8

View all 31 photos

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
X12671812
Type
Multi-family
Community Name
4103 - Ottawa Centre
Land Size
0.047 ac
Parking Space Total
4

Building

Building Type
Multi-Family
Bathrooms Total
2
Bedrooms Total
4
Amenities
Highway, Public Transit
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
None

Utilities

Water
Municipal water

Location

Learn more about this property
Listing provided by:
ROYAL LEPAGE TEAM REALTY
MLS® number:
X12671812
Agent:
Jen Macdonald
*Indicates required field
Name is required
Email is required
Please enter a valid phone number (e.g., 416-111-1111).