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138 RIVERBANK Drive

138 RIVERBANK Drive

Cambridge, Ontario

Vacant Land

$799,900

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.

Price History

Schools

Elementary

  • École élémentaire David-Saint-Jacques1.3 km

    French public · CS Viamonde · 90 students

  • ÉIC Père-René-de-Galinée2.1 km

    French Catholic · CS catholique MonAvenir · 245 students

  • Howard Robertson Public School2.1 km

    Public · Waterloo Region DSB · 330 students

    Grade 3 reading: 74% met the provincial standard · Grade 6 math: 42% met the provincial standard

Secondary

  • École secondaire David Saint-Jacques1.3 km

    French public · CS Viamonde · 105 students

    Grade 10 literacy: 100% met the provincial standard

  • ÉSC Père-René-de-Galinée2.1 km

    French Catholic · CS catholique MonAvenir · 495 students

    Grade 10 literacy: 94% met the provincial standard

  • Notre Dame Catholic High School2.8 km

    Catholic · Waterloo CDSB

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area N3H

Population
24,306
Private dwellings
10,220
Median age
40.8
Average household size
2.5
Median household income
$82,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Vacant Land in Cambridge · last 12 months

Median sold price
$675,000
Homes sold
1,255
Median days on market
19
Sale-to-list price
100.6%

Based on 1,255 recorded sales of vacant land properties in Cambridge over the last 12 months.

Location

Mortgage Calculator

$159,980

Estimated Monthly Payment

$3,930

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $3,930/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $200/mo

Estimates only. Consult a financial advisor.

R

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