Advantage Group Real Estate
498 Gladstone Avenue • Ottawa, ON photo 1
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$749,900
498 Gladstone Avenue • Ottawa, ONNew
Courtesy of ROYAL LEPAGE TEAM REALTY
4
Bedrooms
2
Bathrooms
1500-2000
Square feet
4
Parking

About this home

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.

Property details

Property type
Duplex
Style
2-Storey
Approx. age (yrs)
100+
Total rooms
10
Lot size
33 × 62 ft
Property taxes
$5,838.83 (2026)
Occupancy
TBD
Days on market
1
Status
Active
MLS®

Property history

Recently sold nearby

Listing data last updated: Nov 3, 2026, 12:42 p.m. EST via TRREB IDX.

First listed: Nov 3, 2026, 12:42 p.m. EST.