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.
Address
498 Norfolk Street S
List Price
$999,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2 1/2 Storey
Transaction Type
Sale
Area
Norfolk
Sub-Area
Simcoe
Bedrooms
4
Bedrooms (Total)
4
Rooms Above Grade
10
Bathrooms
2
Floor Area
2000-2500 Sq. Ft.
Lot Depth
767.24
Lot Irregularities
Irregular: 129, 715 sq.ft Source GeoW
Lot Size Range (Acres)
2 - 4.99
Lot Size Units
Feet
Lot Width
81
Parcel Number
502100059
Occupant Type
Owner+Tenant
Cross Street
Norfolk St & Parker Dr
Approx. Age
100+ Years
MLS® Number
X13610216
Listing Brokerage
SOTHEBY'S INTERNATIONAL REALTY CANADA
Basement Area
Partially Finished
Postal Code
N3Y 2X5
Posession Details
Flexible
Parking
Private
Parking Places (Total)
3
Parking Spaces
1
Tax Amount
$4,390.83
Tax Year
2025
Site Influences
Golf, Hospital, Library, Place Of Worship, School
Interior Features
None
Property Features
Golf, Hospital, Library, Place Of Worship, School
Central Vacuum
No
Family Room
Yes
Hydro
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Brick
Direction Faces
West
Fireplace
No
Foundation Details
Concrete
Garage
Yes
Garage Type
Detached
Covered Spaces
2
Kitchens Total
2
Kitchens Above Grade
2
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 10 CON GORE WOODHOUSE AS IN NR275117; S/T NR281736; NORFOLK COUNTY
Waterfront
No
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Living Room | 4.27 x 3.96 | |
| Main | Dining Room | 4.27 x 3.96 | |
| Main | Kitchen | 4.17 x 3.35 | |
| Main | Primary Bedroom | 5.02 x 3.47 | |
| Main | Bedroom 2 | 3.23 x 2.82 | |
| Main | Bedroom 3 | 3.1 x 2.82 | |
| Second | Living Room | 3.66 x 3.79 | |
| Second | Kitchen | 3.53 x 2.62 | |
| Second | Bedroom | 3.53 x 2.9 | |
| Second | Den | 3.35 x 2.03 |