498 Norfolk Street S, Norfolk, ON N3Y 2X5
- Property tax
- $4,391 / year
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.
- MLS number
- X13610216
- Type
- Detached
- Status
- Active
- Bedrooms
- 4
- Bathrooms
- 2
- Postal code
- N3Y 2X5
- Photos
- 6
Registration and sign-in required
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
Rooms
10 rooms as the listing brokerage filed them, with measurements.
Main
| Room | Size | Features |
|---|---|---|
| Living Room | 4.27 × 3.96 m | — |
| Dining Room | 4.27 × 3.96 m | — |
| Kitchen | 4.17 × 3.35 m | — |
| Primary Bedroom | 5.02 × 3.47 m | — |
| Bedroom 2 | 3.23 × 2.82 m | — |
| Bedroom 3 | 3.10 × 2.82 m | — |
Second
| Room | Size | Features |
|---|---|---|
| Living Room | 3.66 × 3.79 m | — |
| Kitchen | 3.53 × 2.62 m | — |
| Bedroom | 3.53 × 2.90 m | — |
| Den | 3.35 × 2.03 m | — |
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Detached
- Style
- 2 1/2 Storey
- Class
- Residential Freehold
- Age
- 100+
- Fronting on
- West
- Community
- Simcoe
- Municipality
- Norfolk
- Cross street
- Norfolk St & Parker Dr
- Zoning
- R2
Inside
- Bedrooms
- 4
- Bedrooms above grade
- 4
- Bathrooms
- 2
- Washrooms
- 1 on the main floor · 1 on the second floor
- Kitchens
- 2
- Rooms above grade
- 10
- Family room
- Yes
- Basement
- Partially Finished
- Size
- 2000-2500
Building
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Concrete
Parking
- Garage
- Detached
- Covered spaces
- 2
- Driveway spaces
- 1
- Total parking
- 3
- Features
- Private
Land
- Lot
- 81 × 767.24 feet
- Pool
- None
Heating, cooling and services
- Heating
- Forced Air
- Heat source
- Gas
- Cooling
- None
- Water
- Municipal
- Sewer
- Sewer
- Electricity
- Yes
- Gas
- Yes
Features
- Property
- Golf, Hospital, Library, Place Of Worship, School
- Interior
- None
Listing
- MLS number
- X13610216
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-07-27
- Expires
- 2026-12-11
- Taxes
- $4,391 (2025)
- Board
- Toronto Regional Real Estate Board
Listing history
This address has been listed 3 times.
Where this home is
H-Value
The market around this home
Detached houses in Simcoe — 101 sales over the last five years.
How these are built, and what they cannot tell you
Each point is the median of the sales that closed in that quarter among detached houses in simcoe. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.
This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.
Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.