45.4103° N · 75.6976° W — Ottawa Centre, Ottawa — MLS® #X14144292
498 Gladstone Ave
$749,900
Ottawa Centre, Ottawa, Ontario K1R 5N8
- 4
- BedroomsBeds
- 2
- BathroomsBaths
- 1500-2000 sqft1500-2000
- SizeSq ft
- 33 x 62 ft
- Lot sizeLot
Inquire about this listing
In short · from the listing record
498 Gladstone Ave is a 4-bedroom, 2-bathroom duplex in Ottawa Centre, Ottawa, listed for sale at an asking price of $749,900 (MLS® X14144292).
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.
Listing readings
How it measures up
Scores from the listing record and the market around it.
68Good
Condition score
6 condition-related facts documented
Listing age, structured features and disclosed update language; not an inspection.
37Shortfall
Cash flow quality
−$909/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Median of 5 multiplexes with 4 bedrooms for lease in Ottawa right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The data table
Every fact
Everything the board publishes for this home.
- Tax
- $5,839 / 2026
- MLS® number
- X14144292
- Board
- TRREB MLS®
- Property Type
- Duplex
- Building Age
- 100+
- Time on market
- Size
- 1500-2000 sqft
- Lot Size
- 33 x 62 ft
- Listed on
- Parking
- None, 4 Parking
Listing history
Listing activity for 498 Gladstone Ave, Ottawa, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $749,900 | N/A | For Sale | X14144292 |
Inside
Room by room
From the listing.
- Living3.4 × 4.9 m
- Kitchen3.4 × 4.2 mEat-In Kitchen
- Bathroom0.0 × 0.0 m
- Br3.5 × 5.74 m
- Br3.3 × 3.42 m
- Living2.92 × 3.14 m
- Kitchen2.89 × 3.12 mEat-In Kitchen
- Bathroom0.0 × 0.0 m
- 2nd Br2.89 × 2.99 m
- Br2.87 × 2.97 m
Property
- Property Type
- Duplex
- Style
- 2-Storey
- Community
- Ottawa Centre
- Municipality
- Ottawa
Building
- Size
- 1500-2000 sqft
- Building Age
- 100+
- Construction
- Brick
Inside
- Bedrooms
- 4
- Bathrooms
- 2
- Bathroom Details
- 1 × 4pc Main, 1 × 4pc 2nd
- Basement Type
- Unfinished
- Kitchens
- 2
Parking
- Driveway
- Pvt Double, Private, Other
- Garage Type
- None
- Additional Parking
- 4
- Total Parking
- 4
Utilities
- Water
- Municipal
- Cooling
- None
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 33 ft
- Depth
- 62 ft
- Lot Size
- 33 x 62 ft
Where it sits
The street and the area
Asking prices on the map.
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Lyon | OC Transpo light rail: O-Train Line 1 | 1.1 km |
| Parliament | OC Transpo light rail: O-Train Line 1 | 1.2 km |
| Pimisi | OC Transpo light rail: O-Train Line 1 | 1.2 km |
| Corso Italia | OC Transpo light rail: O-Train Line 2 | 1.4 km |
| Smyth | OC Transpo bus rapid transit: Transitway | 2.6 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: OC Transpo schedule data (GTFS) from the City of Ottawa under the Open Government Licence – City of Ottawa, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – City of Ottawa.
Around it
Duplex in Ottawa Centre
Active listings only, today.
Multiplexes for sale in Ottawa Centre right now
- For sale now
- 9
- Median asking price
- $799K
- New in 7 days
- 2
- Price cuts
- 22%
Middle half: $750K to $850K
3 in 28 days
2 listings
This home is asking 6% below the median.
See all homes in Ottawa CentreAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Site report
What the record says
What the City and the conservation authority have on file for this address.
- ca regulatedNone in rangeNot in Rideau Valley Conservation Authority’s mapped regulated area
- floodNone in rangeNot in the municipality’s mapped flood area
- provincial plansNone in rangeOutside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- wetlandNone in rangeNo mapped wetland within 120 m
- aggregateNone in rangeNo licensed pit or quarry within 2 km
- wellsNone in rangeNo recorded oil, gas or salt well within 250 m
- transitOn recordTransit stop within 400 m From the transit agency’s published stop map; the nearest is 30 m away. Routes and stops change; check the agency’s schedule.
- trailOn recordA trail on the Ontario trail network within 1 km
- airportOn recordNearest airport: 6.6 km
- water wellsNone in rangeNo water-supply well recorded within 250 m 17 test or monitoring holes also recorded.
- groundwaterOn recordGroundwater recorded about 3.8 m below ground nearby The middle water level in the well records within 500 m (198 records). It changes with the season and from spot to spot.
- npriNone in rangeNo facility within 1 km reports pollutant releases to Environment Canada The nearest is Public Works and Government Services Canada — Cliff Central Heating and Cooling Plant, 1.5 km away. Only facilities above the inventory’s reporting thresholds are listed.
- fcsiOn record1 federal contaminated site within 1 km All of them are closed. The federal inventory covers federal land only, not provincial or private sites.
- electricityOn recordElectricity is distributed here by Hydro Ottawa Limited
- internet speedOn recordWired internet 50/10 Mbps or faster is listed at this location Fixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (20 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- broadbandOn recordAcross the surrounding area: fibre to the home, cable, DSL internet listed Fibre to the home: Beanfield Metroconnect, Bell, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: OmniTEC Wireless, PioneerWireless, Rogers, Storm Internet, Xplore. Mobile: Bell, Rogers, Telus, Vidéotron. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Each record is the map at the home’s location, not an inspection. Confirm anything that matters with the municipality, Rideau Valley Conservation Authority or the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – City of Ottawa. Contains information licensed under the Open Government Licence – Ontario.
Lot
- Lot area
- 2,046 sq ft190 m²
- Street frontage
- 33 ft10.1 m
- Depth
- 62 ft18.9 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land transfer tax on this home
- Ontario land transfer tax
- $11,473
- Total land transfer tax
- $11,473
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $7,473
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $749,900
- $6,998
- Ontario total
- $11,473
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Schools
Nearest schools
Straight-line distances. Check catchments with the board.
ElementaryEQAO average 2024–25
- Cambridge Street Community Public SchoolOttawa-Carleton DSBPublic · grades JK–6 · French Immersion54%Grade 6 average650 m
- Centennial Public SchoolOttawa-Carleton DSBPublic · grades JK–8 · French Immersion64%Grade 6 average800 m
- St Anthony Elementary SchoolOttawa Catholic School BoardCatholic · grades JK–6 · French Immersion86%Grade 3 average950 m
- École élémentaire catholique Coeur d'OttawaConseil des écoles catholiques du Centre-EstFrench-language Catholic · grades JK–8100%Grade 6 average1.4 km
SecondaryGrade 9 math 2024–25
- Richard Pfaff Secondary Alternate SiteOttawa-Carleton DSBPublic · grades 9–12 · French Immersion—350 m
- Glebe Collegiate InstituteOttawa-Carleton DSBPublic · grades 9–12 · French Immersion74%Grade 9 math950 m
- École secondaire catholique Saint-Jean-BaptisteConseil des écoles catholiques du Centre-EstFrench-language Catholic · grades 9–12—1 km
- Immaculata High SchoolOttawa Catholic School BoardCatholic · grades 9–12 · French Immersion55%Grade 9 math1.3 km
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
Searches this home is in
Keep looking
The ledger
What it costs to own
Worked out for this home. Change any number.
A month, all in
$3,909
- Mortgage$3,422
- Property tax$487
A planning figure, not a quote.
Land transfer tax
$11,473
$7,473 for first-time buyers.
Rent, similar homes
$3,000
a month, median asking rent of 5 similar homes in Ottawa.
Community
Who lives around it
Similar homes
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Shemeer AhmadVALERY REAL ESTATE INC.
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