498 Norfolk Street South

Norfolk, ONDetached
$999,000
MLS® X13610216
Detached4 beds2 baths3 total
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498 Norfolk Street South, Norfolk, ON photo 1
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About This Property

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. (id:63604)

Key Facts

Type
Detached
Beds
4
Baths
2
Size
2,000 sqft
Lot
81 x 767.2 FT; Irregular: 129, 715 sq.ft Source GeoW
Parking
3 total
Property Details 16 details
Bedrooms
4 bedrooms
4 above grade
Bathrooms
2 bathrooms
Parking
3 parking spaces
Detached Garage · Garage
Living area
2,000 - 2,500 sq. ft.
Property
Single Family · Freehold · Detached
Property subtype
Single Family
Structure type
House
Ownership
Freehold
Attached status
Detached
Storeys
2.50
Basement
Partially finished
Heating
Forced air, Natural gas
Fireplace
No
Lot dimensions
81 x 767.2 FT; Irregular: 129, 715 sq.ft Source GeoW
Frontage
81 feet
Taxes
$4,390.83
Zoning
R2
Water source
Municipal water
Sewer
Sanitary sewer

Exterior features

BrickConcrete

Systems and association

SewerElectricity
Rooms 10 rooms
Level
Room
Dimensions
Main level
Living room
4.27 m x 3.96 m
Main level
Dining room
4.27 m x 3.96 m
Main level
Kitchen
4.17 m x 3.35 m
Main level
Primary Bedroom
5.02 m x 3.47 m
Main level
Bedroom 2
3.23 m x 2.82 m
Main level
Bedroom 3
3.1 m x 2.82 m
Second level
Living room
3.66 m x 3.79 m
Second level
Kitchen
3.53 m x 2.62 m
Second level
Bedroom
3.53 m x 2.9 m
Second level
Den
3.35 m x 2.03 m

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Mortgage & Affordability Estimate monthly costs
Mortgage Tools Buyer/Seller Snapshot
Purchase price$999,000
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
Simcoe
City
Norfolk
Postal code
N3Y 2X5
Nearby
Cross Streets: Norfolk St & Parker Dr. ** Directions: Follow your GPS.
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