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498 NORFOLK Street S, Simcoe — listed at $999,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
At nearly 3 acres and located within Simcoe's Urban Development Boundary, 498 Norfolk Street South presents a rare opportunity for homeowners, 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 accommodate townhomes, apartments, or other residential uses. The owner has completed a preliminary servicing memo in consultation with Vallee Consulting and Norfolk County. Municipal services are available at the road, making the property well positioned for future infill development. Concept design available upon request. Whether you're 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:60164)
| Room | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Second level | — |
| 4pc Bathroom | Main level | — |
| 2pc Bathroom | Main level | — |
| Den | Second level | 6'8'' x 11'0'' |
| Living room | Second level | 12'0'' x 12'5'' |
| Bedroom | Second level | 9'6'' x 12'0'' |
| Kitchen | Second level | 8'7'' x 11'6'' |
| Bedroom | Main level | 9'3'' x 10'7'' |
| Bedroom | Main level | 9'3'' x 10'2'' |
| Primary Bedroom | Main level | 11'4'' x 16'5'' |
| Kitchen | Main level | 11'0'' x 14'0'' |
| Dining room | Main level | 13'0'' x 14'0'' |
| Living room | Main level | 13'0'' x 14'0'' |
How is the space laid out across floors?+
This is a 2.5-storey single family. The 4 bedrooms and 3 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Is 498 NORFOLK Street S a good fit for a growing family?+
With 4 bedrooms and 3 bathrooms (2184 sq ft), there's room for kids plus a guest room or home office. The 2.5-storey layout keeps living and sleeping areas separated.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
This home was built in 1916 — what should I watch for?+
Homes from this era may have original wiring, plumbing, or insulation. Key checks: electrical panel (100 vs 200 amp), roof age, furnace age, and whether the basement has ever had water issues. A thorough home inspection is essential.
Does it have a basement, and is it finished?+
Yes — Partially finished, Full. A finished basement adds meaningful living space beyond the listed square footage.
What's the parking situation?+
This property includes 4 spaces — Detached Garage.
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