Gurvinder Nokwal REALTOR®
For Sale Detached 83 days on market

$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

Room Level Dimensions
Living Room Main 14′ 0″ × 13′ 0″
Bedroom Second 11′ 7″ × 9′ 6″
Kitchen Main 13′ 8″ × 11′ 0″
Dining Room Main 14′ 0″ × 13′ 0″
Living Room Second 12′ 0″ × 12′ 5″
Den Second 11′ 0″ × 6′ 8″
Bedroom 3 Main 10′ 2″ × 9′ 3″
Primary Bedroom Main 16′ 6″ × 11′ 5″
Kitchen Second 11′ 7″ × 8′ 7″
Bedroom 2 Main 10′ 7″ × 9′ 3″

Features

Interior

  • None

Property

  • Golf
  • Hospital
  • Library
  • Place Of Worship
  • School

Pool

  • None
Rental items
hot water tank (gas) $21.30 monthly

Mortgage calculator

Minimum for this price: $74,900 (7.5%)

Amortization, years

Estimated mortgage payment

$4,423 per month

Principal and interest
$4,423
Property tax
$366
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
Total, before legal fees
$216,255
Talk to me about financing

Estimates 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

498 Norfolk Street S, Norfolk, ON N3Y 2X5 Simcoe, Norfolk, ON N3Y 2X5
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$999,000 498 Norfolk Street S, Norfolk, ON N3Y 2X5
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