$999,000
Est. payment $4,423/moCalculate yours
498 Norfolk Street S, Norfolk, ON N3Y 2X5
Simcoe, Norfolk, ON N3Y 2X5
- 4 Beds
- 2 Baths
- 2 Garage
- 2,000 Sq Ft
Listing courtesy of SOTHEBY'S INTERNATIONAL REALTY CANADA MLS® X13610216
About this home
At nearly 3 acres and located within Simcoe’s Urban Development Boundary, 498 Norfolk Street South presents a rare opportunity for home owners, investors, and developers alike. With an existing duplex already in place, the property offers immediate rental income while supporting exceptional long-term upside. Potential to rezoning to R4 or R5 to accomodate townhomes, apartments, or other residential uses. The owner has completed a preliminary servicing memo in consulation with Vallee Consulting and Norfolk County Municipal services are available at the road, making the property well positioned for future infill development. Whether you are seeking a sizeable in-town estate property, an investment opportunity to land bank while generating income, or a redevelopment project with significant future potential, 498 Norfolk Street South is a property that warrants serious consideration.
Property details
Overview
- Property Type
- Detached
- Style
- 2 1/2 Storey
- For
- For Sale
- Status
- New
- Approximate Age
- 100+
- Size
- 2,000 sqft
Interior
- Bedrooms
- 4
- Bathrooms
- 2
- Kitchens
- 2
- Basement
- Partially Finished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- None
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 81 x 767.24 Feet
- Parking
- Detached garage · 3 total
- Zoning
- R2
Financial
- Property Taxes
- $4,391 (2025)
Location
- Neighbourhood
- Simcoe
- Cross Street
- Norfolk St & Parker Dr
- Direction Faces
- West
Listing
- MLS® Number
- X13610216
- Days on Market
- 83
- Listed On
- 2026-07-27
- Possession
- Flexible
- Listed By
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Rooms
Features
Interior
- None
Property
- Golf
- Hospital
- Library
- Place Of Worship
- School
Pool
- None
- Rental items
- hot water tank (gas) $21.30 monthly
Mortgage calculator
Estimated mortgage payment
$4,423 per month
- Principal and interest
- $4,423
- Property tax
- $366
- Condo fees
- $0
- Estimated monthly cost
- $4,789
Your mortgage
- Mortgage amount
- $799,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $527,807
Cash to close
- Down payment
- $199,800
- Land transfer tax
- $16,455
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $216,255
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
This photo could not be loaded.