Listed for:Listed Sep 15, 2026
$252,000

531 George Street

Hearst, ON P0L 1N0

Multiplex For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
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Sale & Price History for 531 George Street, Hearst

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 531 George Street, Hearst

Summarized Description

  • Well-maintained triplex in Hearst.
  • Current cap rate of 5.78%.
  • Long-term tenants ensure stability.
  • Each unit has dedicated parking.
  • Private storage sheds for tenants.
  • Newly redone roof for peace of mind.
  • Low maintenance ownership experience.
  • Ideal for first-time investors.

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.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$1,914
Land Transfer Tax Fee
$2,255

Basement Type
Apartment

Interior Features

Interior Extras
Water Heater Owned
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Multiplex
Building Style
2-Storey
Approx Age
51-99

Construction

Exterior Finish
Vinyl Siding
Roof
Asphalt Shingle
Foundation Details
Block
Special Designation
Unknown

Lot

Lot Front
66.00 ft
Lot Depth
82.50 ft

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Spaces
6
Total Garage And Parking Spaces
6

Heating & Cooling

Heat Source
Gas
Heat Type
Water
Air Conditioning
None
Water
Municipal
Sewers
Sewer
Natural Gas
Yes
Hydro
Yes
Cable
Available
Telephone
Available

Bedrooms
6
Washrooms
3
Kitchens
3

Washrooms

  • 4-piece

Municipality
Hearst
Neighbourhood
Hearst
Main cross streets
George
Zoning
RM1
Directions
From Hwy 11 turn in 6th Street then on George Street
Waterfront
None

MLS® number
T13786456
Data source
Toronto Regional Real Estate Board
Listed on
2026-09-15
Updated on
2026-09-15
Days on market
31 days
Possession type
Immediate
Co-op commission
2
Seller
Listed by
RE/MAX CROWN REALTY (1989) INC

Home Market Value

Current home valuation for 531 George Street, Hearst, Hearst, ON. Listed for $252,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 531 George Street, Hearst

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Hearst, ON
Minimum Down Payment Required:5.0%

5% of purchase price for homes $500K or less

Minimum down payment

$12,600

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$9,576$7,031$5,998$0
=Total mortgage
$248,976$233,831$220,198$201,600
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$1,216monthly$1,142monthly$1,075monthly$984monthly
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Land Transfer Tax

Provincial

$2,255

Total Land Transfer Tax

$2,255

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