$252,000
Est. payment $1,116/moCalculate yours
531 George Street, Hearst, ON P0L 1N0
Hearst, Hearst, ON P0L 1N0
- 6 Beds
- 3 Baths
- 1,500 Sq Ft
Listing courtesy of RE/MAX CROWN REALTY (1989) INC MLS® T13786456
About this home
Some investments feel complicated. Others simply make sense. Located in the heart of Hearst, this well maintained triplex offers the kind of opportunity investors are always hoping to find. With a current cap rate of 5.78%, this property provides a stable and reliable foundation whether you are purchasing your first income property or adding another quality asset to a growing portfolio. The building is home to clean, respectful long term tenants who take pride in where they live, helping create a low maintenance ownership experience. Each unit benefits from two dedicated parking spaces and its own private storage shed, features that tenants appreciate and value. Utilities are paid directly by the tenants, with the exception of water, helping keep operating costs predictable. Recent updates include a newly redone roof, offering added peace of mind for years to come. If you have been searching for an investment that combines steady income, quality tenants, and a convenient location, this triplex is one worth a closer look.
Property details
Overview
- Property Type
- Triplex
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Approximate Age
- 51-99
- Size
- 1,500 sqft
Interior
- Bedrooms
- 6
- Bathrooms
- 3
- Kitchens
- 3
- Basement
- Apartment
Building & Systems
- Heating
- Water (Gas)
- Cooling
- None
- Exterior
- Vinyl Siding
- Foundation
- Block
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 66 x 82.5 Feet
- Parking
- None garage · 6 total
- Zoning
- RM1
Financial
- Property Taxes
- $1,914 (2026)
Location
- Neighbourhood
- Hearst
- Cross Street
- George
- Direction Faces
- South
Listing
- MLS® Number
- T13786456
- Days on Market
- 33
- Listed On
- 2026-09-15
- Possession
- To be discussed
- Listed By
- RE/MAX CROWN REALTY (1989) INC
Features
Interior
- Water Heater Owned
Pool
- None
Mortgage calculator
Estimated mortgage payment
$1,116 per month
- Principal and interest
- $1,116
- Property tax
- $160
- Condo fees
- $0
- Estimated monthly cost
- $1,275
Your mortgage
- Mortgage amount
- $201,600
- Mortgage insurance
- Not needed
- Interest over 25 years
- $133,140
Cash to close
- Down payment
- $50,400
- Land transfer tax
- $2,255
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $52,655
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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