531 George Street, Hearst, ON
Property Highlights
Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of Hearst. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $252,000 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.
- 6 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 66 x 82.5 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: Water Heater Owned
- Efficient water heating via gas
Description
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.
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Property Summary
This triplex located at 531 George Street, Hearst is currently for sale and has been available on SousaSells for 59 days. This property is listed at $252,000 with an estimated mortgage of $839* per month. It has 6 beds, 3 bathrooms, and is 1500-2000 square feet. 531 George Street, Hearst is in the Hearst neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 6 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in Hearst, Hearst.
- •6 spacious bedroom layout offering versatile living space
- •3 well-appointed bathrooms
- •1500-2000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Hearst, Hearst.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Water Heater Owned
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 531 George Street, Hearst, ON
Q.What is the asking price for 531 George Street, Hearst, ON ?
The current listing price for 531 George Street, Hearst, ON in Hearst, Hearst is $252,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 6 bedrooms and 3 bathrooms across approximately 1500-2000 sqft.
Q.What property type and architectural style is 531 George Street, Hearst, ON ?
531 George Street, Hearst, ON is a Triplex (2-Storey) featuring a Apartment basement.
Q.What interior features are included in this home?
Interior highlights include: Water Heater Owned.
Q.Is parking available at this property?
Yes, this property offers parking space for 6.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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About Purchasing a Home in Hearst, ON
For a property listed at $252,000 in Hearst, the legal minimum down payment is $12,600 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 $2,255 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 $2,255.
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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.