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498 NORFOLK STREET S, Norfolk (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 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:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 4.27 x 3.96 meters |
| Dining room | Main level | 4.27 x 3.96 meters |
| Kitchen | Main level | 4.17 x 3.35 meters |
| Primary Bedroom | Main level | 5.02 x 3.47 meters |
| Bedroom 2 | Main level | 3.23 x 2.82 meters |
| Bedroom 3 | Main level | 3.1 x 2.82 meters |
| Living room | Second level | 3.66 x 3.79 meters |
| Kitchen | Second level | 3.53 x 2.62 meters |
| Bedroom | Second level | 3.53 x 2.9 meters |
| Den | Second level | 3.35 x 2.03 meters |
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,390.83, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
What's the parking situation?+
This property includes 3 spaces — Detached Garage, Garage.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
Does it have a basement, and is it finished?+
Yes — Partially finished, N/A. A finished basement adds meaningful living space beyond the listed square footage.
Is 498 NORFOLK STREET S a good fit for a growing family?+
With 4 bedrooms and 2 bathrooms, 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 space laid out across floors?+
This is a 2.5-storey single family. The 4 bedrooms and 2 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
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