138 Riverbank Drive
Cambridge, ON
- Vacant Land
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.
Listing Details
- Taxes (2026)
- $3,342
- Listed
- August 17, 2026
Price History
Listing history
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Property
- Lot Size
- 49.57 x 367.81 Feet
Location & Legal
- Cross Street
- King St E/Riverbank Dr
- Zoning
- RR2
- Parcel Number
- 227130964
- Possession
- Flexible
- Occupancy
- Vacant
Waterfront
- Water Body
- Grand River
- Shoreline
- Unknown
- Docking
- None
Schools
Secondary
- Notre Dame Catholic High School0.5 km
Catholic · Waterloo CDSB
- École secondaire David Saint-Jacques2 km
French public · CS Viamonde · 105 students
Grade 10 literacy: 100% met the provincial standard
- ÉSC Père-René-de-Galinée2.5 km
French Catholic · CS catholique MonAvenir · 495 students
Grade 10 literacy: 94% met the provincial standard
Elementary
- Notre Dame Catholic Intermediate School0.5 km
Catholic · Waterloo CDSB
- Saint John Paul II Catholic Elementary School1.2 km
Catholic · Waterloo CDSB · 655 students
Grade 3 reading: 72% met the provincial standard · Grade 6 math: 74% met the provincial standard
- Chicopee Hills Public School1.4 km
Public · Waterloo Region DSB · 795 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 57% met the provincial standard
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
Residential Freehold in Cambridge · last 12 months
- Median sold price
- $675,000
- Homes sold
- 1,224
- Median days on market
- 20
- Sale-to-list price
- 100.5%
Based on 1,224 recorded sales of residential freehold properties in Cambridge over the last 12 months.
Listed by
RE/MAX TWIN CITY REALTY INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
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Mortgage Calculator
$159,980
Estimated Monthly Payment
$3,930
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,930/mo (20% down, 5.5%)
Taxes: $279/mo · Insurance: $200/mo
Estimates only. Consult a financial advisor.
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