498 Gladstone Avenue,Ottawa, ON K1R5N8
Ottawa, ON K1R5N8
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:13843)
Details
| MLS # | X13538414 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 109 |
| Listing Provided By | ROYAL LEPAGE TEAM REALTY | Jen MacDonald |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| Zoning | TM14 H(17) |
| Acreage | 0.05 |
Interior
| Cooling | None |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Window Coverings, Water Heater |
| Fireplace Yes / No | No |
Parking
| Parking Total | 4 |
|---|
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 5603.03 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1R5N8 |
| Listing VS Median (in K1R5N8) | |
Price: $819,900 low | high Med: $3,400 On site: 109 low | high Med: 34 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1R5N8 |
| Listing VS Median (in K1R5N8) | |
Price: $819,900 low | high Med: $3,400 On site: 109 low | high Med: 34 | |
