498 Norfolk Street S,Simcoe, ON N3Y 2X5
Simcoe, ON N3Y 2X5
Description
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.
Details
| MLS # | 40851424 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1916 |
| Days On Site | 39 |
| Listing Provided By | RE/MAX Erie Shores Realty Inc. Brokerage | Steve Szucs |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,184 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | R2 |
| Acreage | 1.43 |
| Golf Course | Yes |
Interior
| Rooms Total | 13 |
|---|---|
| Interior Features | Accessory Apartment |
| Cooling | None |
| Cooling Yes / No | No |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Laundry Features | Main Level, Upper Level |
Exterior
| Lot Features | Urban, Irregular Lot, Near Golf Course, Greenbelt, Hospital, Library, Rec./Community Centre, Schools, Shopping Nearby |
|---|---|
| Construction Materials | Brick |
| Roof | Asphalt Shing |
| Foundation Details | Poured Concrete |
Parking
| Garage Spaces | 2 |
|---|---|
| Parking Features | Detached Garage |
| Open Parking Yes / No | Yes |
| Attached Garage Yes / No | No |
Utilities
| Utilities | At Lot Line-Gas, At Lot Line-Hydro, At Lot Line-Municipal Water, Natural Gas Connected, Recycling Pickup, Phone Connected |
|---|---|
| Sewer | Sewer (Municipal) |
Taxes
| Tax Annual Amount | 4390.83 |
|---|
Area Information
| Province | ON |
|---|---|
| Region | Norfolk |
| City | Simcoe |
| Postal Code | N3Y 2X5 |
| Area | Town of Simcoe |
| Subarea | Town of Simcoe |
| Community Name | Town of Simcoe |
| School District | Scs, Holy Trinity |
| Elementary School | West Lynn, St. Joseph's |
| High School | Scs, Holy Trinity |
| Listing VS Median (in Town of Simcoe) | |
Price: $999,000 low | high Med: $535,950 sqft: 2,184 low | high Med: 1,130 $ / sqft: $457 low | high Med: $475 On site: 39 low | high Med: 33.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Norfolk |
| City | Simcoe |
| Postal Code | N3Y 2X5 |
| Area | Town of Simcoe |
| Subarea | Town of Simcoe |
| Community Name | Town of Simcoe |
| School District | Scs, Holy Trinity |
| Elementary School | West Lynn, St. Joseph's |
| High School | Scs, Holy Trinity |
| Listing VS Median (in Town of Simcoe) | |
Price: $999,000 low | high Med: $535,950 sqft: 2,184 low | high Med: 1,130 $ / sqft: $457 low | high Med: $475 On site: 39 low | high Med: 33.5 | |