
138 Riverbank Drive
Cambridge (Preston Heights), ON N3H 4R6
- —Bedrooms
- —Bathrooms
- —Garage
- —Sq Ft
- $3,342Tax
- 50×368 ftLot Size
- Free EstimateSee Free Estimate Report

Sale & Price History for 138 Riverbank Drive, Cambridge, Preston Heights
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 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
—
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
5% on first $500K + 10% on $299,900 over $500K
$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 |
Land Transfer Tax
$12,473
$12,473
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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