FOR SALE
$1,100,000
137 Water, Stratford, ON, N5A 3C3
4
4
2000-2500
About the Property
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.
Features
Property Details
About the Property
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.
Features
Property Details
MLS#:
X13610216
Status:
For Sale
Property Type:
Detached
Central A/C:
No
Bedrooms:
4
Heating Fuel:
Forced Air
Bathrooms:
2
Heating Type:
Forced Air
Parking:
2 Spots
Cross Street:
Norfolk St & Parker Dr
Basement:
Partially Finished
MLS#:
X13610216
Status:
For Sale
Property Type:
Detached
Central A/C:
No
Bedrooms:
4
Heating Fuel:
Forced Air
Bathrooms:
2
Heating Type:
Forced Air
Parking:
2 Spots
Cross Street:
Norfolk St & Parker Dr
Basement:
Partially Finished
Maintenance:
Exterior:
Brick
Possession Date:
Presented By:
SOTHEBY'S INTERNATIONAL REALTY CANADA
Maintenance:
Exterior:
Brick
Possession Date:
Presented By:
SOTHEBY'S INTERNATIONAL REALTY CANADA