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MLS® X14144292
Ottawa, ON
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.
Inclusions
All attached light fixtures; All window coverings & associated hardware; All bathroom mirrors; All attached shelving & hooks; 2 Stoves; 2 Refrigerators; Furnace; Hot water tank; All in As-is Where-is condition.
Exclusions
None
Broker
ROYAL LEPAGE TEAM REALTY
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Duplex
498 Gladstone Avenue Ottawa
Ottawa Centre
Built
100+
Type
Duplex
Basement
Unfinished
Parking
None (4)
Property Tax
~$5,839/yr
Heating
Forced Air
Buying Essentials
Square Feet
1750 sqft
Facing Direction
South
Parking
None (4)
Finances
List Price
$749,900
Price per SQFT
$429/sqft
Property Tax
~$5,839/yr
Property Specs
Property Type
Duplex
MLS Size
1750 sqft
Age of Building
100+
Basement
Unfinished
Living & Amenities
Heating Type
Forced Air
Features
Storage
Policies & Utilities
Neighbourhood
Ottawa Centre
Listed On
Nov 3, 2026
Library
Park
Public Transit
Rec./Commun.Centre
School
Arts Centre
Days on Market
Current: 4 days
16.1 x 11.2
179 sqft
Eat-in Kitchen
13.8 x 11.2
154 sqft
—
18.8 x 11.5
216 sqft
11.2 x 10.8
121 sqft
10.3 x 9.6
99 sqft
Eat-in Kitchen
10.2 x 9.5
97 sqft
—
9.8 x 9.5
93 sqft
9.7 x 9.4
92 sqft
Rooms
10
Listed Room Area
1,051 sqft
Source
Estimated from MLS room dimensions
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