About 498 Norfolk Street S
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.
Features of 498 Norfolk Street S
| MLS® # | X13610216 |
|---|---|
| Price | $999,000 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Square Footage | 2000-2500 |
| Acres | 2.00 |
| Type | Residential Freehold |
| Sub-Type | Detached |
| Style | 2 1/2 Storey |
| Status | Active |
Community Information
| Address | 498 Norfolk Street S |
|---|---|
| Area | Norfolk |
| Subdivision | Simcoe |
| City | Norfolk |
| Province | ON |
| Postal Code | N3Y 2X5 |
Amenities
| Parking Spaces | 1 |
|---|---|
| # of Garages | 2 |
| Garages | Detached |
| Is Waterfront | No |
| Pool | None |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | None |
| Fireplace | No |
| Basement | Partially Finished |
| Kitchens | 2 |
Exterior
| Exterior | Brick |
|---|
Listing Details
| Office | SOTHEBY'S INTERNATIONAL REALTY CANADA |
|---|