33 Argyle Avenue, Ottawa Centre

$1,479,900
33 Argyle Avenue

$1,479,900

New
18d
Detached3-Storey

33 Argyle Avenue, Ottawa Centre

Total Monthly Obligation $7,227

Beds
4
Baths
4
Park
2
Sqft
2000-2500
DOM
18d
Score
17
Yield
4.4%
Cash on Cash
-5.4%
Cap Rate
3.4%
5Y IRR
11.3%
10Y IRR
11.2%
Property Type-Detached
MLS® Number-X13865042
Beds-4
Bathrooms-4
Size-2000-2500 sqft
Lot Size-33 × 99 ft
Listed on site-Oct 5, 2026
Style-3-Storey
Building Type-Detached
Taxes-$10,584 (2026)
Parking-2 - None
Basement-Full, Finished, Apartment
Heating-Forced Air (Electric)
Brokerage-REAL BROKER ONTARIO LTD.
Cooling-Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Shingles
Foundation-Stone
Sewer-Sewer
Possession-TBA
Neighbourhood-4104 - Ottawa Centre/Golden Triangle
Title-Residential Freehold

No agent assigned

33 Argyle Street offers more than a multi-unit property: it combines real estate, income and flexibility in the heart of Ottawa's Golden Triangle. This classic three-storey red brick triplex sits on a 33' x 99' lot with multiple parking spaces, a private backyard and an additional 4th bachelor suite in the lower level. Over nearly a decade, the owners have carefully maintained and improved the property to the tune of nearly $200,000, in addition to an extensive remodel carried out in approx 2013. All while building a fully licensed short-term rental operation with an established five-star Airbnb track record generating more than six figures in annual revenue. The main level suite features a 1-bedroom suite with additional Murphy-bed sleeping capacity. The second floor suite offers a flexible 2-bedroom layout, while the third level includes a bright 1-bedroom apartment with ductless A/C and a well-equipped kitchen. The basement, newly finished in recent years, offers a 4th separate bachelor suite. Continue the existing short-term rental model, transition to conventional tenancies, or explore an owner-occupied approach great for house-hacking or multi-generational living. Just steps from Elgin Street, the Rideau Canal, the Museum of Nature, downtown and Parliament Hill.

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$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$1,183,920
Land Transfer Taxes$26,073
Legal Fees (Est.)
$
Total cash required for closing$323,553

Total Monthly Obligation

$7,227/mo
Mortgage $5,970
Monthly Loss $5,656
Principal$1,571
Interest$4,399
Property Tax$882
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-9.0%1
5-Year IRR
8.5%26
10-Year IRR
9.4%
Returns Index
14.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$64,596/yr
NOI
$43,052/yr
Net Cash Flow
-$2,382/mo
Cash Margin
-44.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo21
Risk Index
15.4/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 33 Argyle Avenue

Time

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