Year Built
1990
Low-Rise Condo
Valley Ridge Condominiums
688 Preston Parkway, Cambridge, ON N3H 5K6
Total Units
40
Storeys
7
Available Units in Valley Ridge Condominiums
2
Units for sale
From $449,000
0
Units for rent
Live MLS · Updated daily
Overview
Valley Ridge Condominiums is a Cambridge condo located at 688 Preston Parkway in the Preston Heights neighbourhood. The condo was completed in 1990 and features 40 units over 7 storeys. Cambridge condo for sale here range from 1084 square feet, up to 1462 square feet.
Year Built
1990
Property Type
Low-Rise Condo
Storeys
7
Total Units
40
Management
Wilson Blanchard Property Management
Amenities
Security System
Fitness Centre
Visitor Parking
Party Room
Price History
4 recordsLoading history…
Market Stats
Prices in Valley Ridge Condominiums are down 27.1% compared to last year.
—
Avg $/sqft
-27.1%
YoY change
123
Avg days on market
Location & Walkability
Walk Score
—/100
Daily errands on foot
Transit Score
—/100
TTC, GO, subway access
Bike Score
—/100
Bike lanes & infrastructure
Neighbourhood in Cambridge
Preston Heights
family-friendly suburban community-focused
Preston Heights is a friendly neighbourhood in Cambridge, Ontario. It offers a mix of residential homes and amenities for families and individuals.
Median home price is $699,999 Median rent price is $2,649 Diverse housing options available Good schools with an average rating of 6.1 Many parks and playgrounds for outdoor activities
At a glance
Day to dayLivability
6.1
Schools near listings
out of 10 · averaged over 277 past and present listings
Fraser Institute ratings within 2 km of each listing, closer schools weighted more
Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.
What it costsAffordability
Median asking price
$699,999
On par with Cambridge 2% below Ontario
In Preston Heights
$699,999
In Cambridge
$699,444
In Ontario
$715,000
Median monthly rent
$2,649/mo
2% above Cambridge 6% above Ontario
In Preston Heights
$2,649
In Cambridge
$2,600
In Ontario
$2,500
≈ 22 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
33
Median $699,999
Houses 33
For rent
19
Median $2,649
Recently sold
Sign in to see sold data
Recently leased
Sign in to see leased data
Market data as of 2026-10-11. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.
The honest readPros & cons
What people love
- Family-friendly environment
- Close to schools and parks
- Diverse community with various housing types
- Affordable compared to the province median
- Strong sense of community
Keep in mind
- Limited public transit options
- Higher unemployment rate at 12.4%
The feel of the placeLifestyle
Residents enjoy a suburban lifestyle with access to parks and schools. Daily life is calm and community-oriented.
Great for families first-time buyers young professionals
Within the boundaryWhat's nearby
The boundary
38.0 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
15
Parks
23
Playgrounds
1
Grocery stores
20
Restaurants
5
Cafés
6
Gyms
1
Libraries
2
Pharmacies
Counted across all 38.0 km² of Preston Heights. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
6.5/10
Average rating of the 2 rated schools in this area
3
Elementary
1
Secondary
ÉSC Père-René-de-Galinée
Independent · French · Grades 9–12 · CSC MonAvenir
7.2/107.2 over 5 yrs178th of 742 Ontario secondary schools
495 students · EQAO 2024-2025
Parkway Public School
Public · Grades JK–6 · Waterloo Region DSB
5.8/105.2 over 5 yrs1,729th of 3,045 Ontario elementary schools
350 students · EQAO 2024-2025
Victus Academy
Independent
Not rated
ÉIC Père-René-de-Galinée
Public · French · Grades 7–8 · CSC MonAvenir
Not rated
245 students
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Preston Heights, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.
The peopleWho lives here
14,195
Population (2021)
36.4 km²
Area
390
People per km²
39
Median age
$95,504
Median income
61%
Own their home
2.8
People per household
5,150
Households
Every age
- Children (under 15)18.3%
- Working age (15–64)64.5%
- Seniors (65+)17.2%
What is built here
- Detached houses47.4%
- Semi-detached4.4%
- Townhouses15.2%
- Duplexes2.4%
- Low-rise apartments17.1%
- High-rise apartments11%
- Other attached homes1.6%
Own or rent
61%Owners
39%Renters
Across 5,150 households
When it was built
Mostly 2016–2021
- 1960 or earlier22%
- 1961–198022%
- 1981–199015%
- 1991–20007%
- 2001–20053%
- 2006–20102%
- 2011–20154%
- 2016–202124%
Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.
- 25.3%
- Born outside Canada
- 26.6%
- Hold a degree or higher
- 58.1%
- Employment rate
- 4.2%
- Commute by transit
- 91.2%
- Commute by car
- 1.8
- Children per family
- $83,894
- Median income after tax
- $114,512
- Average household income
- 9.8%
- Living on a low income
- $1,505/mo
- Renters pay, per month
- $1,816/mo
- Owners pay, per month
- $738,417
- Median home value at census
- 30.8%
- Renters spending 30%+ of income on housing
- 22.2%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 15 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.
Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry
