498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8
4103 - Ottawa Centre, Ottawa Centre · Near Lyon Street · View map
About this home
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.
The home
- Type
- Duplex
- Style
- 2-Storey
- Square footage
- 1500-2000 sq ft
- Bedrooms
- 4
- Bathrooms
- 2
- Kitchens
- 2
- Rooms
- 10
- Basement
- Unfinished
- Lot size
- 33 x 62 ft
- Faces
- South
- Approximate age
- 100+ years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Smoke Detector, Carbon Monoxide Detectors
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Fireplace
- No
Garage & parking
- Total parking
- 4
- Parking features
- Private Double, Private
Taxes & other
- Property taxes
- $5,839/yr
- Tax year
- 2026
- Occupancy
- Vacant
- Possession
- TBD
- Cross street
- Lyon Street
- Neighbourhood
- 4103 - Ottawa Centre
More
- Price per sq ft
- ~$429 (at 1,750 sq ft)
- MLS® number
- X14144292
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The home and its surroundings
- Storage
- Library
- Park
- Public Transit
- Rec./Commun.Centre
- School
- Arts Centre
- Porch
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8
4103 - Ottawa Centre, Ottawa Centre · Near Lyon Street
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Listing history for 498 Gladstone Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 498 Gladstone Avenue
Answers come straight from this home’s MLS® listing.
How much is 498 Gladstone Avenue listed for, and what would it cost each month?
498 Gladstone Avenue is listed for $749,900. With 20% down ($149,980), the mortgage payment would be roughly $3,025 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,511 a month, all in. That figure is an illustration, not a quote.
Is 498 Gladstone Avenue freehold or a condo, and is there a monthly fee?
498 Gladstone Avenue is a duplex in 4103 - Ottawa Centre, Ottawa Centre. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 498 Gladstone Avenue have?
498 Gladstone Avenue has 4 bedrooms and 2 bathrooms. The listing gives the style as 2-storey.
Does 498 Gladstone Avenue have a garage and parking?
The listing does not show a garage. In total the listing counts 4 parking spaces.
Does 498 Gladstone Avenue have a finished basement?
The listing describes the basement as unfinished.
What style of home is 498 Gladstone Avenue?
498 Gladstone Avenue is a duplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 498 Gladstone Avenue, and what is the lot size?
The listing puts the home between 1,500 and 2,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 33 x 62 ft.
How is 498 Gladstone Avenue heated and cooled?
Heating is forced air (gas). The listing does not show air conditioning.
What are the property taxes for 498 Gladstone Avenue?
Property taxes are $5,839 a year (2026), or about $487 a month.
Where is 498 Gladstone Avenue?
498 Gladstone Avenue is in the 4103 - Ottawa Centre community of Ottawa Centre. The nearest main intersection is Lyon Street. The postal code is K1R 5N8.
Is 498 Gladstone Avenue still for sale?
Yes. It is an active listing (MLS® X14144292). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 498 Gladstone Avenue asking?
Similar properties for sale nearby right now include 498 Gladstone Avenue at $749,900 (4 bed), 251 Arlington Avenue at $775,000 (4 bed) and 356 Gilmour Street at $834,900 (4 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 498 Gladstone Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 498 Gladstone Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 4103 - Ottawa Centre, picked by style, size and price.
Investment$749,900498 Gladstone Avenue, Ottawa Centre4 bed · 2 bath · 4103 - Ottawa CentreCourtesy of: ROYAL LEPAGE TEAM REALTYView home →
Duplex$775,000251 Arlington Avenue, Ottawa Centre4 bed · 3 bath · 4103 - Ottawa CentreCourtesy of: ENGEL & VOLKERS OTTAWAView home →
Duplex$834,900356 Gilmour Street, Ottawa Centre4 bed · 3 bath · 4103 - Ottawa CentreCourtesy of: EXP REALTYView home →Courtesy of: ROYAL LEPAGE TEAM REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.