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Sandeep Mehra
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Sandeep Mehra
Realtor
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498 Gladstone Avenue, Ott...

Ottawa, K1R 5N8
  • 1500-2000 Sq-Ft
  • 4 Bedrooms
  • - Garage
  • 2 Bathroom
Start From
$ 749,900

Descripation

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.

Essential Information

  • Price: $749900
  • For: Residential Freehold
  • Property Types: Duplex
  • Area: 1500-2000 SQFT
  • Country: CA
  • City: Ottawa Centre
  • Garages:
  • Bedrooms: 4
  • Bathrooms: 2
  • Fronting On: South
  • Listing ID: X14144292
  • Cross Street: Lyon Street
  • Annual Property Tax: $ 5838.83
  • Lot Size: < .50
  • Listing Brokerage: ROYAL LEPAGE TEAM REALTY

Amenities

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