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.
Listed by RE/MAX Erie Shores Realty Inc. Brokerage and Sotheby's International Realty Canada
Data was last updated August 2, 2026 at 09:50 PM (UTC)
Area Statistics
Listings on market:
126
Avg list price:
$549,000
Min list price:
$249,900
Max list price:
$1,295,000
Avg days on market:
47
Min days on market:
1
Max days on market:
286
Avg price per sq.ft.:
$339.92
These statistics are generated based on the current listing's property type
and located in
Town of Simcoe. Average values are
derived using median calculations. This data is not produced by
the MLS® system.