498 Gladstone Ave
Ottawa Centre, Ottawa, Ontario K1R 5N8
- Bedrooms
- 4
- Bathrooms
- 2
- Size
- 1,500–2,000sq ft
- Per sq ft
- $429at the range’s middle
- Lot
- Under 0.50 acres
- Tax a year
- $5,8392026 tax year
- Built
- 100+
- Parking
- 4none
- Days on market
- Members
The brief
About 498 Gladstone Ave
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.
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall37/100−$909/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: 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 home
Key facts
- Tax
- $5,839 / 2026
- MLS® number
- X14144292
- Board
- TRREB MLS®
- Property Type
- Duplex
- Building Age
- 100+
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 33 x 62 ft
- Listed on
- Parking
- None, 4 Parking
Property details
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
Additional
- Foundation
- Block, Stone
- Roof
- Asphalt Rolled
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- 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.
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.4 × 4.9 m | — | Main |
| Kitchen | 3.4 × 4.2 m | Eat-In Kitchen | Main |
| Bathroom | 0.0 × 0.0 m | — | Main |
| Br | 3.5 × 5.74 m | — | 2nd |
| Br | 3.3 × 3.42 m | — | 2nd |
| Living | 2.92 × 3.14 m | — | 2nd |
| Kitchen | 2.89 × 3.12 m | Eat-In Kitchen | 2nd |
| Bathroom | 0.0 × 0.0 m | — | 2nd |
| 2nd Br | 2.89 × 2.99 m | — | 2nd |
| Br | 2.87 × 2.97 m | — | 2nd |
Listing history
Buy/sell history for 498 Gladstone Ave, Ottawa, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $749,900 | N/A | For Sale | X14144292 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $149,980
- Total mortgage amount
- $599,920
- Total interest payment
- $426,680
- Total purchase cost
- $1,176,580
- Mortgage payment
- $3,422/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
41%Monthly carrying cost
$3,909- Rent $3,000
- Shortfall $909
Rental income opens at $3,000, the median asking rent of 5 comparable homes for lease in Ottawa. Type over it with the rent you expect. This is a planning tool, not advice.
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.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
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 and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation5
- Not in Rideau Valley Conservation Authority’s mapped regulated areaAt the address
- Not in the municipality’s mapped flood areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m17 test or monitoring holes also recorded.250 m
- Groundwater recorded about 3.8 m below ground nearbyThe middle water level in the well records within 500 m (198 records). It changes with the season and from spot to spot.500 m
Rideau Valley Conservation Authority · Municipal flood mapping · Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 6.6 km6.6 km
Province of Ontario open data
Around the home2
- Transit stop within 400 mFrom the transit agency’s published stop map; the nearest is 30 m away. Routes and stops change; check the agency’s schedule.400 m
- A trail on the Ontario trail network within 1 km1 km
Municipal transit open data · Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe 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.1 km
- 1 federal contaminated site within 1 kmAll of them are closed. The federal inventory covers federal land only, not provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Hydro Ottawa LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed 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.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre 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.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Rideau Valley Conservation Authorityor 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.
The market
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.
Market area · filters apply to the charts below
The street
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.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Cambridge Street Community Public SchoolOttawa-Carleton DSB | Public · grades JK–6 · French Immersion | 650 m | 54%Grade 6 average |
| Centennial Public SchoolOttawa-Carleton DSB | Public · grades JK–8 · French Immersion | 800 m | 64%Grade 6 average |
| St Anthony Elementary SchoolOttawa Catholic School Board | Catholic · grades JK–6 · French Immersion | 950 m | 86%Grade 3 average |
| École élémentaire catholique Coeur d'OttawaConseil des écoles catholiques du Centre-Est | French-language Catholic · grades JK–8 | 1.4 km | 100%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Richard Pfaff Secondary Alternate SiteOttawa-Carleton DSB | Public · grades 9–12 · French Immersion | 350 m | — |
| Glebe Collegiate InstituteOttawa-Carleton DSB | Public · grades 9–12 · French Immersion | 950 m | 74%Grade 9 math |
| École secondaire catholique Saint-Jean-BaptisteConseil des écoles catholiques du Centre-Est | French-language Catholic · grades 9–12 | 1 km | — |
| Immaculata High SchoolOttawa Catholic School Board | Catholic · grades 9–12 · French Immersion | 1.3 km | 55%Grade 9 math |
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.
The verdict
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Sold prices in Ottawa Centre are shown to signed-in members.