531 George Street
Hearst, ON
- 6 bed
- 3 bath
- approx. 1500-2000 sqft
- Triplex
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.
Listing Details
- Taxes (2026)
- $1,914
- Listed
- September 15, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Age
- 51-99
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Block
- Interior
- Water Heater Owned
- Lot Size
- 66 x 82.5 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 6
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- George
- Zoning
- RM1
- Parcel Number
- 650400280
- Possession
- Immediate
- Occupancy
- Tenant
Schools
Elementary
- École catholique Ste-Anne0.5 km
French Catholic · CSDC des Grandes Rivières · 50 students
- École élémentaire publique Passeport Jeunesse0.7 km
French public · CS public du Nord-Est de l'Ontario · 190 students
Grade 3 reading: 91% met the provincial standard · Grade 6 math: 54% met the provincial standard
- École catholique Pavillon Notre-Dame0.7 km
French Catholic · CSDC des Grandes Rivières · 100 students
Grade 3 reading: 76% met the provincial standard
Secondary
- École secondaire Passeport Jeunesse0.7 km
French public · CS public du Nord-Est de l'Ontario
- Hearst High School0.7 km
Public · DSB Ontario North East
- École secondaire catholique Hearst0.8 km
French Catholic · CSDC des Grandes Rivières · 230 students
Grade 10 literacy: 92% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area P0L
- Population
- 22,859
- Private dwellings
- 10,591
- Median age
- 42
- Average household size
- 2.5
- Median household income
- $77,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Hearst · last 12 months
- Median sold price
- $271,000
- Homes sold
- 21
- Median days on market
- 26
- Sale-to-list price
- 96.6%
Based on 21 recorded sales of residential freehold properties in Hearst over the last 12 months.
Listed by
RE/MAX CROWN REALTY (1989) INC
Walk Score
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Location
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Mortgage Calculator
$50,400
Estimated Monthly Payment
$1,238
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,238/mo (20% down, 5.5%)
Taxes: $160/mo · Insurance: $63/mo
Estimates only. Consult a financial advisor.
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