498 Gladstone Avenue

Nestled in the vibrant heart of downtown Ottawa, at 498 Gladstone Avenue, this Multi-Family Home for sale in Ottawa presents a unique and flexible opportunity for those looking to invest in one of the city's most dynamic and rapidly evolving neighbourhoods. This charming brick multiplex, boasting a classic two-storey design, is positioned on a high-visibility corner lot, making it an ideal prospect for investors, developers, or owner-occupiers alike.

The property features two spacious two-bedroom units, providing ample living space for tenants or family members. With a total of four on-site parking spaces, accessible from Lyon Street, this Multi-Family Home for sale in Ottawa is not only convenient but also offers significant value in an urban setting where parking can often be a challenge. The absence of a garage space and central vacuum system is offset by the practicality of the private double driveway, ensuring that parking is never a concern for residents.

At 498 Gladstone Avenue, Ottawa, the building encompasses a total of ten rooms, including two well-appointed kitchens and two bathrooms. While the property does not feature a family room, den, or fireplace, it provides a functional layout that can easily accommodate a variety of living arrangements. The unfinished basement offers potential for further development, allowing new owners to tailor the space to their specific needs or preferences.

The property is serviced by municipal water and sewer, with forced air heating ensuring a comfortable environment throughout the year. Although there is no air conditioning or pool, the strategic location of this Multi-Family Home for sale in Ottawa ensures that residents are never far from local amenities. The area boasts a Walk Score in the mid to high 90s, indicating that everyday conveniences such as grocery stores, cafés, restaurants, parks, and boutiques are just a stone's throw away.

Moreover, the property benefits from Traditional Mainstreet zoning (TM14 H(17)), which opens up a plethora of possibilities for residential or mixed-use developments. This zoning allows for low- to mid-rise residential projects and commercial spaces with residential units above, making it a prime candidate for thoughtful growth in line with the City of Ottawa's long-term vision. The ongoing and future developments in the area further enhance the appeal of this location, ensuring strong demand and potential for appreciation.

Situated in the community of 4103 - Ottawa Centre, 498 Gladstone Avenue, Ottawa, is well-connected to public transport, with multiple OC Transpo routes nearby and the Lyon LRT Station just moments away. This accessibility provides quick connections to downtown, major employment centres, and the wider city, making it an attractive option for those who value convenience and connectivity.

In summary, this Multi-Family Home for sale in Ottawa is a compelling opportunity for anyone looking to invest in a property with immediate potential and long-term growth prospects. Whether you envision it as a duplex for personal use, a smart land holding, or a prime infill opportunity, 498 Gladstone Avenue, Ottawa, offers a highly visible corner location that is poised for success in an ever-evolving urban landscape. With its combination of practical features, strategic zoning, and unbeatable location, this property is a rare find in the bustling city of Ottawa. Don’t miss your chance to secure this exceptional Multi-Family Home for sale in Ottawa!

Ottawa Centre, designated as postal code 4103, is a vibrant and diverse neighbourhood located in the heart of Canada’s capital city, Ottawa. This area boasts a rich tapestry of cultural and historical significance, with a blend of charming heritage buildings and modern amenities. Residents enjoy easy access to a variety of parks, shops, and restaurants, as well as proximity to key landmarks such as Parliament Hill and the Rideau Canal. The community is well-served by public transport, making it convenient for commuting and exploring the wider city. With its lively atmosphere and a strong sense of civic pride, Ottawa Centre offers an inviting environment for those seeking a dynamic urban lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Within a short distance, you'll find Cambridge Street Community Public School (0.7 km) and Glashan Public School (0.4 km), both offering elementary education in English for grades JK to 8. For secondary education, Glebe Collegiate Institute (1.0 km) stands out with a commendable school rating of 7.7, serving grades 9 to 12. Additionally, Elgin Street Public School (0.8 km) and Hopewell Avenue Public School (2.1 km) provide French language options, with Hopewell rated highly at 9. St. Anthony School (0.9 km), a Catholic institution, also offers elementary education with a solid rating of 7.5. For older students, Immaculata High School (1.4 km) provides Catholic secondary education for grades 7 to 12, with a rating of 5.8. This diverse selection of schools, both public and Catholic, ensures that educational needs are well catered to within a short commute, enhancing the appeal of this property for families prioritizing quality education.