498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8
Ottawa Centre, ON K1R 5N8
Quick cost estimateKnown monthly subtotal$4,281.78 / monthLand transfer tax $12,873One-time estimate
Quick cost estimate
$4,281.78 / monthKnown monthly subtotal
- Mortgage principal & interest
- $3,814.86
- Property tax / month
- $466.92
- Maintenance / month
- Period / amount not reported
Assumes 20% down, 5% annual interest and 25-year amortization. Illustrative rate, not a current quote.
Unknown expenses excluded. Mortgage insurance and closing costs are excluded; add insurance and utilities in the assumptions.
Land transfer tax · one time
- Transfer tax total
- $12,873
Before rebates, surcharges and fees. Not part of the monthly subtotal.
Tax assumptions & breakdown
Toronto municipal land transfer tax does not apply to this listing outside the City of Toronto.
- Ontario tax
- $12,873
- Toronto municipal tax
- $0
Current purchase scenario, before rebates, foreign-buyer taxes and fees. Confirm residence classification. Not historical tax paid; excluded from the monthly subtotal.
Ontario rates · Toronto rates (April 2026)
Eligible first-time purchasers may qualify for an Ontario land transfer tax refund of up to $4,000. Toronto buyers may also qualify for a separate municipal rebate of up to $4,475. Eligibility varies and these maximums are not guaranteed savings. See official eligibility links and details.
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About this home
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.
Home details
- Days on market
- Not reported
- Property type
- Investment
- MLS® number
- X13538414
- Source status
- New
- Bedrooms
- 4
- Bathrooms
- 2
- Postal code
- K1R 5N8
- Kitchens
- 2
- Stored area (basis / units unverified)
- 0.047
- Lot depth
- 62 ft
- Garage parking spaces
- Not reported
- Total parking spaces
- Not reported
- Occupancy
- Vacant
- Possession type
- Flexible
- Garage
- None
- Annual property tax
- 5603.03
- Heating system
- Gas Forced Air Open
- Heating fuel
- Gas
- Cooling
- No
- Utility services
- Yes
- MLS entry age (not confirmed DOM)
- 121 days
These details come from the listing source. Please confirm measurements and fees before making a decision.
Utilities and services
- Reported utility services
- Yes
- Heating system
- Gas Forced Air Open
- Heating fuel
- Gas
- Cooling
- No
A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.
Rooms & virtual tours
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Room-count details have not been supplied for this listing.
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Listing dates & price record
- Asking amount
- $819,900
Original MLS entry
Entry into the source MLS system; distinct from days on market.
Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.
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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.
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- Region / county
- Ottawa
- Municipality
- Ottawa Centre
- MLS® community
- 4103 - Ottawa Centre
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Around this property
Schools, transit & everyday places
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Nearby schools
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Transit near this property
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Nearby shops & amenities
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Similar homes for sale in Ottawa Centre
Current public IDX listings in the same city and transaction type. These are alternatives to explore, not sold comparables or an appraisal.
Property questions
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Measurements, lot details and features are displayed as reported by the listing source or a named public dataset. Missing facts are not inferred. Confirm material details with the listing brokerage.
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They are nearby records from the displayed source datasets. Distances are approximate straight-line distances; school catchment eligibility, ratings, walking routes, hours and live transit service are not inferred.
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How should I use the monthly cost estimate?
It is a planning estimate based on the visible assumptions and reported property figures. It is not a lender quote, tax assessment, legal opinion or mortgage approval.
Home and neighbourhood overview
498 Gladstone Avenue, Ottawa Centre, ON K1R 5N8, Ottawa Centre is listed for sale as a Investment. The listing reports 4 bedrooms, 2 bathrooms, kitchens reported as 2. Asking price: $819,900. Occupancy is reported as Vacant. Review the Home details, room measurements and utility sections below to compare reported specifications; confirm important details with the listing brokerage. MLS® X13538414.
Local context
Explore the area: Ottawa Centre · 4103 - Ottawa Centre.
This overview uses facts reported by the listing and named local sources. Please confirm details with the listing brokerage.
Listing brokerage: ROYAL LEPAGE TEAM REALTY. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13538414. Information deemed reliable but not guaranteed.