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$819,900

4 Beds 2 Baths 0 SQFT 0.05 Acres
Type: Multi-Family

498 GLADSTONE AVENUE
Ottawa, ON K1R5N8

MLS#: X13538414
Kalyan Jasani
Kalyan Jasani
Condo Digs
Sales Representative
Phone: 647.784.1221
Office: 416.203.6636
Presented by: ROYAL LEPAGE TEAM REALTY

Property 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. (id:7434)


 

Interior Features

Bedrooms

Bedrooms4

Other Interior Features

Building Fireplace PresentFalse
Building Heating FuelNatural gas
Building Heating TypeForced air

General

AmenitiesHighway, Public Transit
Building Age100+ years
Building AppliancesWater Heater, Window Coverings
Building Cooling TypeNone
Building TypeMulti-Family
Business Sub TypeApartments
Business TypeResidential
CommunityName4103 - Ottawa Centre
Location DescriptionCross Streets: Lyon Street. ** Directions: Kent Street to Gladstone Avenue. Property will be on the corner of Gladstone & Lyon.
Parking Space Total4
Property TypeMulti-family
Zoning DescriptionTM14 H(17)

Exterior

Land AmenitiesHighway, Public Transit

Additional Details

  

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$819,900

4 Beds 2 Baths 0 SQFT 0.05 Acres
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498 GLADSTONE AVENUE
Ottawa, ON K1R5N8

MLS#: X13538414
Kalyan Jasani
Kalyan Jasani
Condo Digs
Sales Representative
Phone: 647.784.1221
Office: 416.203.6636
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