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 6.93%, 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.
6 bedrooms, 3 bathrooms, about 1,500 sq ft, works out to roughly $140 per square foot. Chat with Zara if you'd like a deeper read on whether this triplex fits your budget and timing.
Inside 531 George St
Every detail from the listing, in one place.
Type
Triplex
Style
2-Storey
Living space
1500-2000 sq ftas stated on the listing
Parking
6 spaces
Basement
Apartment
Features & systems
Parking & garage
Parking spaces
6
Interior
Basement
Apartment
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Triplex
531 George St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,032
/mo
based on the purchase price of $210,000
$42,000 cash
$168,000 financed
$141,500 total interest
Principal54%$168,000
Interest46%$141,500
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Keep looking near 531 George St
Homes for sale in Hearst
Every active Hearst MLS® listing, updated all day.
Average days on market33Homes sold in about 33 days on average.
Sale-to-list ratio96.8%On average, homes sold below asking.
Active listings20Homes for sale here right now.
Based on 11 sales from Aug 14 – Nov 12, 2026. Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 531 George St
How much is 531 George St listed for?
531 George St is listed at $210,000 (MLS® T13786456). Summitly updates the price as soon as the MLS® record changes.
Is $210,000 a good price for 531 George St?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Hearst. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 531 George St changed?
Yes — it was first listed at $252,000 and is now $210,000, a drop of $42,000 (16.7%).
How many bedrooms and bathrooms does 531 George St have?
531 George St has 6 bedrooms and 3 bathrooms, with about 1,500–2,000 square feet of living space. It is a triplex in Hearst.
How much would the monthly mortgage be on 531 George St?
About $1,032 a month — principal and interest on $210,000 with 20% down ($42,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 531 George St compare with other homes in Hearst?
Its asking price of $210,000 is about 24% below the median sold price in Hearst over the last 90 days, $275,000, across 11 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 531 George St been sold before?
Summitly has no earlier MLS® sale or lease of 531 George St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 531 George St?
531 George St is in Hearst, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 531 George St been on the market?
58 days — 531 George St was listed on September 15, 2026.
What is the price per square foot of 531 George St?
About $105 to $140 per square foot: the asking price of $210,000 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 531 George St have parking or a garage?
Yes — the listing gives 6 parking spaces.
Does 531 George St have a basement, and is it finished?