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$999,000
Est. payment /mo
4 Beds
2 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Simcoe
MLS Listing ID X13610216
Style 2 1/2 Storey
Bedrooms 4
Annual Tax Amount $4,390
Tax Year 2025
Property Sub-Type Detached
Property Description
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.
Location
Province ON
County Norfolk
Area Norfolk
Rooms
Family Room Yes
Basement Partially Finished
Kitchen 2
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 81.0
Lot Depth 767.24
Total Parking Spaces 3
Building
Building Age 100+
Unit Features Golf,Hospital,Library,Place Of Worship,School
Foundation Concrete
Others
ParcelsYN No
Virtual Tour https://youtu.be/WUmfm3g9O3c
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Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA
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