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498 Gladstone Avenue
4103 - Ottawa Centre Ottawa Centre K1R 5N8

$819,900 /For Sale
Commercial

Main Photo: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 1: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 2: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 3: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 4: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 5: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 6: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 7: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 8: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 9: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 10: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 11: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 12: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 13: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 14: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 15: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 16: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 17: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 18: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 19: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 20: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 21: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 22: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 23: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 24: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 25: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 26: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 27: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 28: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 29: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 30: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Photo 31: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12671812
Bus Major:
Apts - 2 To 5 Units
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.
Percent of Building:
100
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
100+
Total Area:
2047 sq. ft. Acres
Total Area:
2,047.32 sq. ft.
Lot Depth:
62'
Lot Frontage:
33'
Lot Shape:
Rectangular
Bedrooms:
4
Bathrooms:
2.0
Water supply:
Municipal
Kitchens:
2
Zoning:
TM14 H(17)
Heating type:
Gas Forced Air Open
Heating Fuel:
Gas
Survey Available:
No
Garage:
None
Parking Spaces:
4
Possession Details:
TBD
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$5,603.03 / 2025
Assessment:
$- / -
Ottawa
Ottawa Centre
4103 - Ottawa Centre
Major Highway, Public Transit
None
All attached light fixtures; All window coverings & associated hardware; All bathroom mirrors; All attached shelving & hooks; 2 Stoves; 2 Refrigerators; Furnace; Hot water tank; All in As-is Where-is condition
None
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Chattels:
Yes
Outside Storage:
No
Date Listed:
Jan 07, 2026
Original Price:
Previous Price:
  • Photo 1: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
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  • Photo 7: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
    Main level bed 2
  • Photo 8: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
    Main level bed 2
  • Photo 9: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
    Main level living room
  • Photo 10: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
    Main level living room
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    Main level primary bed
  • Photo 15: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
    Main level primary bed
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  • Photo 17: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
    2nd level bed 2
  • Photo 18: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
    2nd level living room
  • Photo 19: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
    2nd level bed 2
  • Photo 20: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
    2nd level living room
  • Photo 21: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
    2d level bath
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  • Photo 25: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
    2nd level primary bed
  • Photo 26: 498 Gladstone Avenue in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12671812
    2nd level primary bed
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Listed by ROYAL LEPAGE TEAM REALTY
Data was last updated January 11, 2026 at 06:15 AM (UTC)
DARYL  KING
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1. Are apartment buildings a good investment?
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2. What should I consider before buying an apartment building?
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