498 Gladstone Ave, Ottawa, ON

House

For Sale

Listed price in listed location currency (CAD).

$819,900

420

MLS® X12663758

Key Facts
Description
Rooms
Map

Key Facts

Type Duplex

Levels Residential

Size -

Garage None

Taxes $5,603

Days Active 92

Lot Size

Approx. Age

MLS® Number X12663758

Property Address: 498 Gladstone Ave, Ottawa, ON, K1R5N8

Average square foot calculated using Size range provided by listing agent.

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.

MLS® NumberX12663758

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageNone

Approx. Age

BasementUnfinished

DrivewayGarage Type:None

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jan 5, 2026List Date

$819,900List Price

Home Estimate Zoopraisal®

This property is estimated to sell between: $746,000 and $857,000.

Similar properties in this area sold on average for: $746,223

Expected to sell very soon! Similar properties sold in 25 days. This home has been on Zoocasa for 92 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Commute

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Starting Address

Destination Address

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