32
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$749,900
Est. payment /mo
2 Baths
2,047 Sqft Lot
New
498 Gladstone AVE Ottawa Centre, ON K1R 5N8
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 4103 - Ottawa Centre
MLS Listing ID X14144276
Annual Tax Amount $5,838
Tax Year 2026
Lot Size 2,047 Sqft
Property Sub-Type Investment
Property Description
EXCEPTIONAL VISIBILITY. FLEXIBLE POTENTIAL. PRIME DOWNTOWN LOCATION. Positioned on a prominent corner in the heart of downtown Ottawa, this fully vacant duplex offers a rare & unique 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.
Location
Province ON
County Ottawa
Area Ottawa
Rooms
Kitchen 2
Interior
Cooling No
Heat Source Gas
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 33.0
Lot Depth 62.0
Building
Building Age 100+
Others
ParcelsYN No
Virtual Tour https://youtube.com/shorts/INsXb2Pftsc
Listed by ROYAL LEPAGE TEAM REALTY
Nearby Locations
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