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498 GLADSTONE AVENUE, Ottawa, Ontario, K1R 5N8

MLS® # X13538414
Investment For Sale In Centretown, Ottawa, Ontario
$819,900
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
498 Gladstone Avenue, Ottawa, ON
  • Advertising
498 GLADSTONE AVENUE, Ottawa, Ontario, K1R 5N8
$819,900

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances: Window Coverings

Property Features:

  • Property Type: Multi-family
  • Amenities Nearby: Highway, Public Transit
  • Irregular: Yes
  • Lot Depth: 62 Feet
  • Lot Frontage: 33 Feet
  • Lot Size: 0.05 Acres
  • Zoning: TM14 H(17)
  • No. of Parking Spaces: 4

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Sales/Price History

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Market Price Trends

Single family detached

3.38%

Price change (1 year)

20.93%

Price change (5 years)

All Properties

-1.35%

Price change (1 year)

7.57%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 498 GLADSTONE AVENUE, Ottawa, Ontario, K1R 5N8

Demographic Information of 498 GLADSTONE AVENUE, Ottawa, Ontario, K1R 5N8

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$127,978.11

Average Number of Children

1.64

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.8 %

High school certificate or equivalent

20.67 %

Apprenticeship trade certificate/diploma

2.21 %

College/non-university certificate

16.11 %

University certificate (below bachelor)

2.21 %

University Degree

48.0 %

Commuter

Travel To Work

By Car

43.33 %

By Public Transit

17.21 %

By Walking

29.6 %

By Bicycle

6.41 %

By Other Methods

3.44 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

66.94 %

Houses

33.06 %

Own Vs. Rent

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