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Listed price in listed location currency (CAD).
$749,900

424

MLS® X14144276

Overview

Key Facts

Type 
Levels Commercial Sale
Size -
Garage None
Taxes $5,839
Days Active 0
Lot Size 0.047 Acres
Approx. Age 
MLS® Number X14144276

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

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

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.
MLS® NumberX14144276
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNone
Approx. Age
Basement
DrivewayGarage Type:None
Garage Spaces
HeatGas, Gas Forced Air Open
A/CNo

Extras

Price History

Last Sold Price

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Appreciation

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Avg. Days Listed

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Today, For Sale for $749,900

For Sale · 0 days

$749,900

MLS® X14144276

5 hours ago

Not Sold Yet

November 2026, For Sale for $749,900

For Sale · 0 days

$749,900

MLS® X14144276

5 hours ago

Not Sold Yet

October 2026, Withdrawn for $819,900

Withdrawn · 113 days

$819,900

MLS® X13538414

5 days ago

Canceled on Oct 30, 2026

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Home Estimate Zoopraisal®

This property is estimated to sell between: $749,000 and $1,034,000.
Similar properties in this area sold on average for: $938,855
Expected to sell in 35 days. Similar properties sold in 35 days. This home has been on Zoocasa for 0 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.

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