492 Queen Elizabeth Drive is a rare opportunity in the Glebe, one of Ottawa's most coveted neighbourhoods. This stunning three-story detached home is timelessly elegant with modern finishings. It offers breathtaking, unobstructed south-facing views of the Rideau Canal from the third-floor balcony. Step inside to find gracious living spaces flooded with natural light, including a charming formal living room with a gas fireplace, an elegant dining area, and a beautifully renovated kitchen with granite countertops, high-end stainless steel appliances, recessed lighting, and custom cabinetry. The second floor boasts four well-sized bedrooms, featuring a large primary bedroom with water views, and a shared 4-piece bathroom that has been fully updated. The third-floor loft is a showstopper-inviting retreat with vaulted wood ceilings, a cozy gas fireplace, and a private, covered wood balcony overlooking the Rideau Canal, offering the possibility for a cozy family room, an office, or a zen exercise space. The full-sized basement provides ample storage, while the attached garage with a deck built above provides a great outdoor dining space. The Rideau Canal offers the ability to indulge in unique activities such as paddleboarding, kayaking, and ice skating - all from your front yard. Just a few steps away, Lansdowne Park is a vibrant hub with TD Place Stadium, weekly farmers markets, and trendy cafes, while the Bank Street also offers boutique shopping, bakeries, specialty stores, and some of Ottawa's best restaurants. Families will appreciate this property's proximity to schools, including both public and private options, as well as access to beautiful parks, community centres, and recreation facilities.