Located in the heart of Ottawa Centre, 569 Gladstone Avenue presents a compelling opportunity for investors seeking stable cash flow and long-term upside. This mixed-use property features two residential apartments and a fully leased commercial unit operating as a restaurant, generating a combined gross income of $73,800 annually. With a net operating income of $62,400 and minimal insurance expenses, the asset offers a strong return profile. The property sits on a 20.71 x 120.71 ft lot with R61(H)13.0 zoning, allowing for flexible future use. Its central location between Percy and Bay Streets places it within walking distance of vibrant retail corridors, residential neighborhoods, and key transit routes. Tenants benefit from proximity to public transportation, major thoroughfares, and Ottawa’s dynamic downtown core. The commercial unit is leased at $3,000/month, while the residential units bring in $1,750 and $1,450/month respectively, offering diversified income streams. With no garage and low overhead, the building is easy to manage and ideal for passive investors or owner-operators looking to capitalize on Ottawa’s growing urban density. Whether you're expanding your portfolio or entering the Ottawa market, this property offers a rare blend of location, income, and potential.