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BEDROOMS2
BATHROOMS2
KITCHENS12
ROOMSX12013066
MLSIDContact Us
Property Description
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/Other. Concept Design Included In Listing Package.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-01-15 | 2024-08-31 | 232 | $1,950,000 | - | Expired |
Property Features
Golf, Hospital, Library, Place Of Worship, School
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Property Details
Street
Community
City
Property Type
Duplex, 2 1/2 Storey
Approximate Sq.Ft.
2000-2500
Lot Size
81' x 767'
Acreage
2-4.99
Lot Irregularities
Irregular: 129, 715 sq.ft Source GeoW
Fronting
West
Taxes
$4,212 (2024)
Basement
Part Fin
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.99' x 14.01' | |
| Dining | Main | 12.99' x 14.01' | |
| Kitchen | Main | 10.99' x 13.68' | |
| Prim Bdrm | Main | 11.38' x 16.47' | |
| 2nd Br | Main | 9.25' x 10.60' | |
| 3rd Br | Main | 9.25' x 10.17' | |
| Living | 2nd | 12.43' x 12.01' | |
| Kitchen | 2nd | 8.60' x 11.58' | |
| Br | 2nd | 9.51' x 11.58' | |
| Den | 2nd | 6.66' x 10.99' |
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Norfolk Market Statistics
Norfolk Price Trend
498 Norfolk St S is a 4-bedroom 2-bathroom home listed for sale at $1,489,000, which is $830,940 (126.3%) higher than the average sold price of $658,060 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Norfolk declined by $201,226 (23.4%) compared to the previous 30 day period (December 22 - January 20) and up $199,589 (43.5%) from the same time one year ago.Inventory Change
There were 3 4-bedroom homes listed in Norfolk over the last 30 days (January 21 - February 19), which is down 0.0% compared with the previous 30 day period (December 22 - January 20) and down 0.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Norfolk typically sold ($2,900) (0.4%) below asking price over the last 30 days (January 21 - February 19), which represents a $46,113 increase compared to the previous 30 day period (December 22 - January 20) and ($9,151) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Norfolk over the last 30 days (January 21 - February 19) stood at 166.7%, up from 100.0% over the previous 30 days (December 22 - January 20) and down from 1,166.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Norfolk stood at 79 days when successfully sold over the last 30 days (January 21 - February 19), compared to 129 days before being removed from the market upon being suspended or terminated.Listing contracted with Sotheby's International Realty Canada
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