531 George Street, Hearst
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. (id:1945)
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Property details for 531 George Street, Hearst
- Type
- Multi-family
- Bedrooms
- 6
- Bathrooms
- 3
- Lot Size
- 66 x 82.5 FT
- Stories
- 2
- Basement
- Apartment in basement, N/A
- Parking
- No Garage
- Heating
- Natural gas
- Cooling
- None
- Exterior
- Vinyl siding
- Annual Taxes
- $1,914
Nearby Listings Stat
Estimated price and comparable properties near 531 George Street
Active Listings
1
Min Price
$252,000
Max Price
$252,000
Avg Price
$252,000
Days on Market
25
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Hearst, Ontario
Population
420
Median Age
51.5
Median Income
$32,704
Dwelling Value
$150,416
Housing Tenure
Owners 42%
Renters 56%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.9
Pop. Density: 1,611.0/km²
Avg Shelter Cost: $1,106/mo
Owners with Mortgage: 33.3%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 33.3%
English only: 9.5%
French only: 22.6%
English and French: 66.7%
Median Household Income: $55,296
Median Employment Income: $34,816
Price History
Listed
September 15, 2026
by RE/MAX CROWN REALTY (1989) INC
Current Price
$252,000
Type
Multi-family
For Sale
