498 NORFOLK Street
Simcoe, Ontario
4 bed • 3 bath • Single Family
At nearly 3 acres and located within Simcoe's Urban Development Boundary, 498 Norfolk Street South presents a rare opportunity for homeowners, 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 accommodate townhomes, apartments, or other residential uses. The owner has completed a preliminary servicing memo in consultation with Vallee Consulting and Norfolk County. Municipal services are available at the road, making the property well positioned for future infill development. Concept design available upon request. Whether you're 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.
Price History
Schools
Elementary
- West Lynn Public School0.1 km
Public · Grand Erie DSB · 545 students
Grade 3 reading: 58% met the provincial standard · Grade 6 math: 10% met the provincial standard
- St. Joseph's School1.3 km
Catholic · Brant Haldimand Norfolk CDSB · 605 students
Grade 3 reading: 80% met the provincial standard · Grade 6 math: 44% met the provincial standard
- Elgin Avenue Public School2.2 km
Public · Grand Erie DSB
Secondary
- Holy Trinity Catholic High School1.1 km
Catholic · Brant Haldimand Norfolk CDSB · 980 students
Grade 10 literacy: 83% met the provincial standard
- Simcoe Composite School2.3 km
Public · Grand Erie DSB · 725 students
Grade 10 literacy: 85% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N3Y
- Population
- 23,402
- Private dwellings
- 10,382
- Median age
- 49.2
- Average household size
- 2.3
- Median household income
- $77,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Single Family in Simcoe · last 12 months
- Median sold price
- $0
- Homes sold
- 0
- Median days on market
- 0
- Sale-to-list price
- 0.0%
Based on 0 recorded sales of single family properties in Simcoe over the last 12 months.
Location
Mortgage Calculator
$199,800
Estimated Monthly Payment
$4,908
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,908/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $250/mo
Estimates only. Consult a financial advisor.
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