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
Detached homes in Norfolk (Simcoe) — recent sold market
Detached homes in Norfolk (Simcoe) took a median of 44 days to sell over the last 90 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 73, across 116 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 61 days.
The median sale price was $636,950.
Homes sold for about 3.4% below asking on average, so there was room to negotiate.
About 9% of sales closed above the list price.
Around 33% of sellers reduced their price before finding a buyer.
- Median days to sell
- 44
- Median sale price
- $636,950
- Sale-to-list ratio
- 96.6%
- Sold above asking
- 9%
Based on 116 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Currently for sale
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$899,940
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