Listed for:Listed Aug 17, 2026
$799,900

138 Riverbank Drive

Cambridge (Preston Heights), ON N3H 4R6

Vacant Land For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
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Sale & Price History for 138 Riverbank Drive, Cambridge, Preston Heights

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 138 Riverbank Drive, Cambridge, Preston Heights

Summarized Description

  • Breathtaking waterfront views of the Grand River
  • Exclusive opportunity to build a custom estate
  • Extensive preliminary work already completed
  • Ideal location between Kitchener and Cambridge
  • Serene living with city amenities nearby
  • Access to outdoor activities like kayaking and fishing
  • Rare chance to create your dream home
  • Unforgettable picturesque setting for lifestyle

Exclusive Grand River living with breathtaking waterfront views and an unmatched setting that feels like a private escape from the everyday. This rare offering presents an incredible opportunity to build your dream estate in one of the Region's most sought-after enclaves, where serene riverside living meets the convenience of city amenities just minutes away. Perfectly positioned between Kitchener and Cambridge, and just moments from Highway 401 and Highway 8, this exceptional property offers the ideal balance of peaceful country-style living with unbeatable commuter access. Enjoy spectacular views of the Grand River and imagine creating the custom home and lifestyle you've always envisioned in this truly picturesque setting. Whether it's kayaking, paddleboarding, fishing, or simply relaxing while taking in the calming sounds and scenery of the river, this property offers an extraordinary connection to nature and outdoor living. Nearby Chicopee Ski & Summer Resort, Fairview Park Mall, shopping, dining, and endless amenities add even more appeal to this prestigious location. Adding tremendous value, the seller has already completed extensive preliminary work including, but not limited to, a field survey, slope stability assessment, and plans for a proposed walk-out bungalow - offering buyers an incredible head start toward bringing their vision to life. Opportunities like this are exceptionally rare. Build your forever home in a setting that offers beauty, lifestyle, and prestige all in one unforgettable package. A truly remarkable slice of paradise on the Grand River.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$3,342
Land Transfer Tax Fee
$12,473

Interior Features

Fireplace/Stove
No
Elevator
No

Building

Building Type
Vacant Land

Construction

Special Designation
Unknown

Lot

Lot Front
49.57 ft
Lot Depth
367.81 ft

Heating & Cooling

Natural Gas
Available
Hydro
Available
Cable
Available
Telephone
Available

Municipality
Cambridge
Neighbourhood
Preston Heights
Main cross streets
King St E/Riverbank Dr
Zoning
RR2
Directions
Hwy 8 exit to King St E, turn east on Riverbank Dr
Waterfront
Direct

MLS® number
X13682342
Data source
Toronto Regional Real Estate Board
Listed on
2026-08-17
Updated on
2026-09-16
Days on market
60 days
Possession type
Flexible
Co-op commission
2%
Seller
Listed by
RE/MAX TWIN CITY REALTY INC.

Home Market Value

Current home valuation for 138 Riverbank Drive, Cambridge, Preston Heights, Cambridge, ON. Listed for $799,900

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 138 Riverbank Drive, Cambridge, Preston Heights

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Cambridge, ON
Minimum Down Payment Required:6.9%

5% on first $500K + 10% on $299,900 over $500K

Minimum down payment

$54,990

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$29,788$22,317$19,038$0
=Total mortgage
$774,495$742,227$698,953$639,920
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$3,781monthly$3,624monthly$3,413monthly$3,124monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$12,473

Total Land Transfer Tax

$12,473

Around this home

0/100Almost All Errands Require a Car
0/100Minimal Transit
0/100Not rated
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7.2 /10

Père-René-de-Galinée

Private·secondary·French·2.1km

3.9 /10

Howard Robertson

Public·elementary·2.1km

6.0 /10

Chicopee Hills

Public·elementary·2.6km

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