Norfolk, ON · · MLS® X13610216Updated
$999,000Est. $4,908/mo mortgage
498 Norfolk St S is a 4-bedroom, 2-bathroom detached home in Norfolk, listed for $999,000. It has 2000-2500 sq ft of living space.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
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.
4 bedrooms, 2 bathrooms, about 2,000 sq ft, works out to roughly $500 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
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Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
Closed sales on the TRREB MLS®.
Full Norfolk market reportSold prices are shown free to signed-in members, as board rules require.
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270 Talbot Street
3 bd · 3 ba · Detached
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73 Talbot Street
3 bd · 2 ba · Detached
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1463 Norfolk County Road 21 N/A
3 bd · 2 ba · Detached
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88 Hillside Avenue
3 bd · 2 ba · Detached
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903 Concession 13 Townsend Road
5 bd · 2 ba · Detached
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1360 Turkey Point Road
4 bd · 1 ba · Detached
6 nearby sales vs. this home
Closed sales from MLS®, compared with this home's asking price.
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| Home | Sold price | $ / sqft | % of asking | Sold |
|---|---|---|---|---|
This home498 Norfolk Street S 4 bd · 2 ba · 2,000 sqft | $999,000asking | $500 | — | — |
| 270 Talbot Street 3 bd · 3 ba · 1,500 sqft | ||||
| 73 Talbot Street 3 bd · 2 ba · 2,000 sqft | ||||
| 1463 Norfolk County Road 21 N/A 3 bd · 2 ba · 1,500 sqft | ||||
| 88 Hillside Avenue 3 bd · 2 ba · 1,100 sqft | ||||
| 903 Concession 13 Townsend Road 5 bd · 2 ba · 3,000 sqft | ||||
| 1360 Turkey Point Road 4 bd · 1 ba · 1,100 sqft |
3 bd · 3 ba · 1,500 sqft
3 bd · 2 ba · 2,000 sqft
3 bd · 2 ba · 1,500 sqft
3 bd · 2 ba · 1,100 sqft
5 bd · 2 ba · 3,000 sqft
4 bd · 1 ba · 1,100 sqft
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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.
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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Listing brokerage: SOTHEBY'S INTERNATIONAL REALTY CANADA, BrokerageMLS® X13610216 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
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.
Other 3–4 bed homes for sale in Norfolk around $999K.
Homes for sale in Norfolk County
Every active Norfolk County MLS® listing, updated all day.
Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 200 sales from Jul 30 – Oct 28, 2026 (145 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
498 Norfolk St S is listed at $999,000 (MLS® X13610216). Summitly updates the price as soon as the MLS® record changes.
Summitly rates it Good Deal: the asking price is 3% to 10% below 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
No — 498 Norfolk St S is still listed at its original asking price of $999,000.
498 Norfolk St S has 4 bedrooms and 2 bathrooms, with about 2,000–2,500 square feet of living space. It is a detached home in Norfolk.
About $4,908 a month — principal and interest on $999,000 with 20% down ($199,800), 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.
Its asking price of $999,000 is about 69% above the median sold price in Norfolk over the last 90 days, $590,000, across 200 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.
Summitly has no earlier MLS® sale or lease of 498 Norfolk St S on record from the last two years. Older records aren't shown under TRREB rules.
498 Norfolk St S is in Norfolk, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
93 days — 498 Norfolk St S was listed on July 27, 2026.
About $400 to $500 per square foot: the asking price of $999,000 over the 2,000–2,500 sq ft the listing gives as its size range.
Yes — the listing gives 3 parking spaces. Garage: Yes.
The listing describes the basement as: Partially Finished.
