1222 Prince Street, Hearst, ON
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of Hearst. Expertly crafted featuring premium stone and other construction, this residence presents an exceptional opportunity offered at $695,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 10 Bedrooms and 5 Bathrooms with 5 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 132.05 x 164.99 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: Separate Hydro Meter, Water Heater Owned
- Efficient baseboard heating via electric
Description
Some properties fit neatly into one category. This one creates opportunities for every stage of life. If you're an experienced investor, you'll appreciate the long term tenants, the thoughtful updates completed throughout most of the units between 2018 and 2025, and the predictable operating expenses with most tenants paying their own hydro and heat. If you've been dreaming of buying your first home but wonder how to make the numbers work, this could be your answer. Live comfortably in one unit while the rental income from the others helps pay your mortgage and everyday expenses, making home ownership more attainable than you imagined. And for families hoping to keep parents or loved ones close without sacrificing everyone's privacy, this fourplex offers the perfect balance of togetherness and independence. Well maintained, exceptionally clean, and filled with long term potential, this is more than an investment. It's a property that grows with your goals, whatever they may be.
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Separate Hydro Meter, Water Heater Owned
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1222 Prince Street, Hearst, ON P0L 1N0
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About Purchasing a Home in Hearst, ON
For a property listed at $695,000 in Hearst, the legal minimum down payment is $44,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $10,375 for this transaction. As this listing is in Hearst (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $10,375.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.