498 Norfolk Street S, Simcoe
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:1945)
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Property details for 498 Norfolk Street S, Simcoe
- Type
- Residential
- Bedrooms
- 4
- Bathrooms
- 3
- Living Area
- 2,184 square feet
- Stories
- 2.5
- Basement
- Partially finished, Full
- Parking
- Detached Garage
- Heating
- Forced air, Natural gas
- Cooling
- None
- Exterior
- Brick
- Ownership
- Freehold
- Annual Taxes
- $4,391
Nearby Listings Stat
Estimated price and comparable properties near 498 Norfolk Street S
Active Listings
10
Min Price
$490,000
Max Price
$999,000
Avg Price
$786,655
Days on Market
56
days
Sold Listings
5
Min Sold Price
$685,000
Max Sold Price
$799,900
Avg Sold Price
$741,760
Days until Sold
48
days
Price History
Listed
July 27, 2026
by RE/MAX Erie Shores Realty Inc. Brokerage
Current Price
$999,000
-13.1% from last change
Type
Residential
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $999,000 | $151,000 (-13.1%) |
| Jul 27, 2026 | $1,150,000 | Listed |
