498 Norfolk Street S, Norfolk, ON N3Y 2X5
Simcoe, Norfolk · Near Norfolk St & Parker Dr · View map
About this home
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.
The home
- Type
- 2-storey detached home
- Style
- 2 1/2 Storey
- Square footage
- 2000-2500 sq ft
- Bedrooms
- 4
- Bathrooms
- 2
- Kitchens
- 2
- Rooms
- 10
- Basement
- Partially Finished
- Lot size
- 81 x 767.2 ft
- Faces
- West
- Approximate age
- 100+ years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Fireplace
- No
Garage & parking
- Garage
- Detached
- Garage spaces
- 2
- Driveway spaces
- 1
- Total parking
- 3
- Parking features
- Private
Taxes & other
- Property taxes
- $4,391/yr
- Tax year
- 2025
- Occupancy
- Owner+Tenant
- Possession
- Flexible
- Cross street
- Norfolk St & Parker Dr
- Neighbourhood
- Simcoe
More
- Price per sq ft
- ~$444 (at 2,250 sq ft)
- MLS® number
- X13610216
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The home and its surroundings
- Golf
- Hospital
- Library
- Place Of Worship
- School
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
498 Norfolk Street, Norfolk, ON N3Y 2X5
Simcoe, Norfolk · Near Norfolk St & Parker Dr
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Listing history for 498 Norfolk Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 498 Norfolk Street S
Answers come straight from this home’s MLS® listing.
How much is 498 Norfolk Street S listed for, and what would it cost each month?
498 Norfolk Street S is listed for $999,000. With 20% down ($199,800), the mortgage payment would be roughly $4,030 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $4,396 a month, all in. That figure is an illustration, not a quote.
Is 498 Norfolk Street S freehold or a condo, and is there a monthly fee?
498 Norfolk Street S is a 2-storey detached home in Simcoe, Norfolk. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 498 Norfolk Street S have?
498 Norfolk Street S has 4 bedrooms and 2 bathrooms. The listing gives the style as 2 1/2 storey.
Does 498 Norfolk Street S have a garage and parking?
Yes. The listing shows the garage as detached, with room for 2 cars. The driveway adds 1 space. In total the listing counts 3 parking spaces.
Does 498 Norfolk Street S have a finished basement?
The listing describes the basement as partially finished. Finished basement space is usually not counted in the square footage shown.
What style of home is 498 Norfolk Street S?
498 Norfolk Street S is a 2-storey detached home. A 2-storey detached house has its living space on the main floor and the bedrooms upstairs, on its own lot with no shared walls.
How big is 498 Norfolk Street S, and what is the lot size?
The listing puts the home between 2,000 and 2,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 81 x 767.2 ft.
How is 498 Norfolk Street S heated and cooled?
Heating is forced air (gas). The listing does not show air conditioning.
What are the property taxes for 498 Norfolk Street S?
Property taxes are $4,391 a year (2025), or about $366 a month.
Where is 498 Norfolk Street S?
498 Norfolk Street S is in the Simcoe community of Norfolk. The nearest main intersection is Norfolk St & Parker Dr. The postal code is N3Y 2X5.
Is 498 Norfolk Street S still for sale?
Yes. It is an active listing (MLS® X13610216). Listings here update from the board through the day and come down once a home sells.
What are similar detached homes near 498 Norfolk Street S asking?
Similar detached homes for sale nearby right now include 1410 McDowell Road E at $949,900 (4 bed), 19 Butternut Drive at $799,999 (4+1 bed) and 217 Woodway Trail at $799,900 (4 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 498 Norfolk Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 498 Norfolk Street S?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar detached homes nearby
More detached homes for sale near Simcoe, picked by style, size and price.
2-storey detached home$949,9001410 McDowell Road E, Norfolk4 bed · 3 bath · SimcoeCourtesy of: REVEL REALTY INC.View home →
2-storey detached home$799,99919 Butternut Drive, Norfolk4+1 bed · 4 bath · SimcoeCourtesy of: ROYAL LEPAGE IGNITE REALTYView home →
2-storey detached home$799,900217 Woodway Trail, Norfolk4 bed · 3 bath · SimcoeCourtesy of: REVEL REALTY INC.View home →Courtesy of: SOTHEBY'S INTERNATIONAL REALTY CANADA
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.