1632 Highway 3 is a 3-bedroom, 1-bathroom farm in Norfolk, listed for $1,599,999. It has 700-1100 sq ft of living space.
1A Rare Opportunity - 38.63 Acres of Endless Potential with Vendor Take-Back Financing Available!
2Surrounded by nature, this unique property features a beautiful freshwater trout stream and pond, creating a peaceful country setting just minutes from shopping, schools, banks, and churches.
A Rare Opportunity - 38.63 Acres of Endless Potential with Vendor Take-Back Financing Available! Discover the possibilities on this approximately 38.63-acre farm, offering approximately 30 workable acres currently rented at $400 per acre annually, providing immediate income potential. Surrounded by nature, this unique property features a beautiful freshwater trout stream and pond, creating a peaceful country setting just minutes from shopping, schools, banks, and churches. The property includes a 3-bedroom home with an in-ground kidney-shaped swimming pool, a 100 x60' pack barn, pole barn, 2-car detached garage, large workshop, two 200-foot greenhouses, and numerous independent storage units formerly used for tobacco drying. With fertile, productive soil suitable for a wide variety of crops, this property is ideal for farmers, hobby farmers, investors, or those seeking a country estate with income potential. A rare financing opportunity! The seller is willing to provide an attractive Vendor Take-Back (VTB) mortgage at a competitive interest rate, for a term of up to 4 years, subject to mutually agreed terms and buyer qualification. A true diamond in the rough-bring your vision and unlock this property's incredible potential!
3 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $2,286 per square foot. Chat with Zara if you'd like a deeper read on whether this farm fits your budget and timing.
Inside 1632 Highway 3
Every detail from the listing, in one place.
Type
Farm
Style
1 1/2 Storey
Living space
700-1100 sq ftas stated on the listing
Parking
20 spacesYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
20
Interior
Basement
None
Exterior & construction
Pool
Yes
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 1/2 Storey
Property class
Farm
1632 Highway 3 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$7,860
/mo
based on the purchase price of $1,599,999
$320,000 cash
$1,279,999 financed
$1,078,095 total interest
Principal54%$1,279,999
Interest46%$1,078,095
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Norfolk
Other 2–7 bed homes for sale in Norfolk around $1.6M.
Average days on market57Homes sold in about 57 days on average.
Sale-to-list ratio96.7%On average, homes sold below asking.
Active listings346Homes for sale here right now.
Median vs prior 90 days+0.9%Compared with May 11 – Aug 9, 2026: prices up.
Based on 185 sales from Aug 9 – Nov 7, 2026 (153 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1632 Highway 3
How much is 1632 Highway 3 listed for?
1632 Highway 3 is listed at $1,599,999 (MLS® X13609622). Summitly updates the price as soon as the MLS® record changes.
Is $1,599,999 a good price for 1632 Highway 3?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Norfolk. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 1632 Highway 3 changed?
Yes — it was first listed at $1,699,999 and is now $1,599,999, a drop of $100,000 (5.9%).
How many bedrooms and bathrooms does 1632 Highway 3 have?
1632 Highway 3 has 3 bedrooms and 1 bathroom, with about 700–1,100 square feet of living space. It is a farm home in Norfolk.
How much would the monthly mortgage be on 1632 Highway 3?
About $7,860 a month — principal and interest on $1,599,999 with 20% down ($320,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 1632 Highway 3 compare with other homes in Norfolk?
Its asking price of $1,599,999 is about 171% above the median sold price in Norfolk over the last 90 days, $590,000, across 185 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1632 Highway 3 been sold before?
Summitly has no earlier MLS® sale or lease of 1632 Highway 3 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1632 Highway 3?
1632 Highway 3 is in Norfolk, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1632 Highway 3 been on the market?
103 days — 1632 Highway 3 was listed on July 27, 2026.
What is the price per square foot of 1632 Highway 3?
About $1,455 to $2,286 per square foot: the asking price of $1,599,999 over the 700–1,100 sq ft the listing gives as its size range.
Does 1632 Highway 3 have parking or a garage?
Yes — the listing gives 20 parking spaces. Garage: Yes.
Does 1632 Highway 3 have a basement, and is it finished?
