33 Argyle Avenue, Ottawa, photo 1 1 / 24

$1,479,900

33 Argyle Avenue

Ottawa Centre/Golden Triangle, Ottawa, ON K2P1B3 · MLS® X14097568

  • 4Bedrooms
  • 4Bathrooms
  • 2Parking

About this property

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. (id:65933)

Type
Fourplex
Category
Multi-family
Annual taxes
$10,584
Updated
Oct 20, 2026

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Estimate only, not financial advice. Rent is reduced by vacancy, then management is taken on the rent collected; net operating income = that, less property tax and other costs; cap rate = net operating income ÷ price; cash flow also subtracts the mortgage (semi-annual compounding, as Canadian mortgages use). Vacancy default: CMHC Rental Market Report, Ottawa, October 2025.

Listed by Real Broker Ontario Ltd..

Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.

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