498 NORFOLK STREET S, Norfolk (Simcoe)
$999,000
For sale: Detached
- Property type
- Detached
- Bedrooms / bathrooms
- 4 bedrooms, 2 bathrooms
- Living area
- 2,500 sqft
- MLS®
- MLS® X13610216
- Neighbourhood
- Simcoe
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.
Sold data
Homes in Simcoe — recent sold market
Homes in Simcoe took a median of 40 days to sell over the last 365 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 76, across 104 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.
The median sale price was $549,900.
Homes sold for about 2.5% below asking on average, so there was room to negotiate.
About 12% of sales closed above the list price.
Around 32% of sellers reduced their price before finding a buyer.
- Median days to sell
- 41
- Median sale price
- $549,900
- Sale-to-list ratio
- 97.5%
- Sold above asking
- 13%
Based on 104 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.
Currently for sale
Homes for sale near 498 NORFOLK STREET S
$1,015,000
Detached4+231,500–2,000 sqft270 CHARLES STREET, Waterford, Norfolk
$998,800
Detached432,000–2,500 sqft4 CORNWELL CRESCENT, Norwich Town, Norwich
$985,000
Detached5+231,500–2,000 sqft71 NEWPORT LANE, Port Dover, Norfolk
$985,900
Detached5+121,500–2,000 sqft2118 LAKESHORE ROAD, Dunnville, Haldimand
$998,700
Detached221,500–2,000 sqft261 MIDDLE TOWNLINE ROAD, Burford, Brant
$1,170,000
Detached4+142,000–2,500 sqft60 DONJON BOULEVARD, Port Dover, Norfolk
$1,049,900
Detached4+231,100–1,500 sqft428 CHARLOTTEVILLE ROAD 1, St. Williams, Norfolk
$933,000
Detached321,500–2,000 sqft26 WOODLAND WALK, Rural Southwold, Southwold