498 Norfolk Street S, Norfolk, ON N3Y 2X5

For Sale 85 days on Market MLS® X12704970

Asking Price

$1,150,000

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498 Norfolk Street S, Norfolk, ON N3Y 2X5

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Overview

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Development Opportunity! Approximately 3 acres inside the Urban Development boundary. Municipal utility services present at the road. Upgrade zoning to R4 or R5 and build townhouses, apartments or other. House is currently 2 units, 1 unit is tenanted.

Bedrooms

Bathrooms

2.0

Area

350 sqft

Lot Size

1.4 acres

Type

Detached

Property Details

Year Built1926

CityNorfolk

Postal CodeN3Y2X5

Lot Dimensions81.00 × 767.24 ft

Parking3 spaces

Interior Features

Heat: Forced Air

Heat Source: Gas

Cooling: None

Style: 2 1/2 Storey

Exterior & Land

Sewer: Sewer

Construction: Brick

Roof: Unknown

Utilities & Services

Heat SourceGas

SewerSewer

Financial Information

List Price$1,150,000

Annual Taxes$4,391 (2025)

Days on Market85

MLS® X12704970 • Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA

498 Norfolk Street S, Norfolk, ON N3Y 2X5

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Purchase Calculator

Home Price

$1,150,000.00

Location

Down Payment

$241,500.00

Payment Frequency

⚙️ Rate

Your mortgage interest rate can either be Fixed for the term or Variable.

Rate

4.70%

Rate Term

🧾 Amortization

30 years

Scenario Options

First-time Buyer

Newly Built

Insured Prefer

💸 Rental Income

🏠 Home Expenses

Monthly Rent

$900.00

Occupancy (%)

100%

Monthly Expenses

$400.00

Includes

📉 Taxes
🛠️ Maintenance
⚡ Utilities etc.

Total Monthly Cost ⚙️

/month

Principal & interest

Home expenses

Other expenses

Rental income

Monthly Mortgage$0.00
Home Expenses$0.00
Other Expenses$0.00
Rental Income$0.00

Mortgage Amount

$0.00

Closing Costs

$0.00

Mortgage Payment$0.00

Net Mortgage$0.00

Interest paid over term$0.00

Balance end of Term$0.00

Effective Amortization30 Years

Property Location

498 Norfolk Street S, Norfolk, ON N3Y 2X5

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