498 Norfolk Street, Norfolk, ON
Property Highlights
Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of Simcoe. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $999,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 81 x 767.24 ft lot
- Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available with a convenient detached configuration
- Notable attributes: None
- Efficient forced air heating via gas
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.
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Property Summary
This detached home located at 498 Norfolk Street, Norfolk is currently for sale and has been available on SousaSells for 10 days. This property is listed at $999,000 with an estimated mortgage of $3,325* per month. It has 4 beds, 2 bathrooms, and is 2000-2500 square feet. 498 Norfolk Street, Norfolk is in the Simcoe neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 4 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Simcoe, Norfolk.
- •4 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •2000-2500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Simcoe, Norfolk.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Golf
- Hospital
- Library
- Place Of Worship
- School
Interior Features
- None
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 498 Norfolk Street, Norfolk, ON
Q.What is the asking price for 498 Norfolk Street, Norfolk, ON ?
The current listing price for 498 Norfolk Street, Norfolk, ON in Simcoe, Norfolk is $999,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 4 bedrooms and 2 bathrooms across approximately 2000-2500 sqft.
Q.What property type and architectural style is 498 Norfolk Street, Norfolk, ON ?
498 Norfolk Street, Norfolk, ON is a Detached (2 1/2 Storey) featuring a Partially Finished basement.
Q.What key property features does 498 Norfolk Street, Norfolk, ON offer?
Key property features include: Golf, Hospital, Library, Place Of Worship, School.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.Is parking available at this property?
Yes, this property offers parking space for 3.0 vehicles (Detached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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Pricing & Value Insights
Data-driven valuation for 498 Norfolk Street S, Norfolk, ON N3Y 2X5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Norfolk, ON
For a property listed at $999,000 in Norfolk, the legal minimum down payment is $74,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $16,455 for this transaction. As this listing is in Norfolk (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $16,455.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.