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176 RIVERBANK Drive

176 RIVERBANK Drive

Cambridge, Ontario

4 bed • 2 bath • Single Family

$1,500,000

This property offers the unique potential for severance into two separate lots, allowing for the opportunity to build a new home on this extraordinary, serene 1.06-acre lot or add a second dwelling, with the owner having already initiated the severance inquiries and process. The seller even has a dream house plan ready to go if you’re interested in making this vision a reality! Imagine living on a secluded, tree-lined estate right within the city. 176 Riverbank Drive offers a tranquil sanctuary featuring a 3+1 bedroom bungalow spanning around 2,600 sqft of living space with a fully finished walkout basement. The serene lot gently slopes down to the Grand River, creating a private haven of peace surrounded by lush, mature trees and meticulously landscaped grounds. Step inside to find rich parquet hardwood floors, expansive windows flooding the space with natural light, and a cozy fireplace. Sliding glass doors from the dining room open to a generous deck with stunning views of your private yard. The updated kitchen is a dream, featuring elegant maple cabinetry, granite countertops, a stylish backsplash, and stainless-steel appliances, while a delightful, sun drenched sunroom provides the perfect spot for morning coffee. The home features three spacious bedrooms, including a serene primary suite, and an updated family bathroom. The finished lower level offers a large fourth bedroom, a full bath, an office nook, an oversized laundry room, generous storage, and a garden walkout leading to your backyard retreat. For those with recreational vehicles, the expansive driveway offers ample parking and plenty of room to store a boat or trailer. Conveniently located near major highways, Chicopee Ski & Summer Resort, and Fairview Mall, this property perfectly balances peaceful living with city convenience. Notable updates include the roof (2014), water softener (2011), furnace and AC (2015), updated kitchen/bathrooms, and a Venmar HRV HEPA filter system (2010). Don't miss it!

Price History

Schools

Elementary

  • École élémentaire David-Saint-Jacques1.3 km

    French public · CS Viamonde · 90 students

  • ÉIC Père-René-de-Galinée1.9 km

    French Catholic · CS catholique MonAvenir · 245 students

  • Howard Robertson Public School2.2 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-Galinée1.9 km

    French Catholic · CS catholique MonAvenir · 495 students

    Grade 10 literacy: 94% met the provincial standard

  • Notre Dame Catholic High School2.7 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

Single Family in Cambridge · last 12 months

Median sold price
$678,000
Homes sold
1,245
Median days on market
19
Sale-to-list price
100.6%

Based on 1,245 recorded sales of single family properties in Cambridge over the last 12 months.

Walk Score

4

Walk

30

Transit

17

Bike

Scores by Walk Score®

Location

Street View

Mortgage Calculator

$300,000

Estimated Monthly Payment

$7,369

Investment Analysis

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

Mortgage: $7,369/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $375/mo

Estimates only. Consult a financial advisor.

R

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