1040 RIVERBANK Drive, Cambridge, ON

$1,299,900
MLS#:X8484828
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3 beds
2 baths
1500-2000 sqft
9.0 parking
Residential Freehold
Sold property - 3 Bed, 2 Bath Home at 1040 RIVERBANK Drive Cambridge ON listed at $1,299,900 (MLS# X8484828) - Main View
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Sold
This property was sold on July 15, 2024. Listing is for reference only.
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Added:Jun 21, 2024(862 days ago)
Updated:Jul 15, 2024(838 days ago)
Last Checked:19 minutes ago

Property Highlights

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Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Cambridge. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $1,299,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 98 x 328 ft lot
  • Features a finished with walk-out, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
  • 9.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Other
  • equipped with central air central cooling and highly efficient forced air heating via oil

Description

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Nestled in the trees along the banks of the Grand River, this unassuming but unique bungalow on 3/4 acres offers a serene retreat that feels like a getaway to a cottage property, yet it is conveniently located just minutes from shopping, 401 highway access and Chicopee Ski Hill and Waterloo Int'l Airport. The double entry driveway offers parking for up to 7+ cars for owner, guests and in-laws. *Private staircase from the garage to the basement. As you enter the home, your eye goes straight to the view beyond from both the kitchen and from the 12' window in the living/dining room. This bungalow features 2+1 bedrooms, two full updated bathrooms, walkout basement, an exceptional amount of storage space and wonderful size patio of slate. Steps of armour-stone lead you to the lower lush lawn under the amazing canopy of trees. Don't miss the opportunity to experience this unique property firsthand. It is truly a treat to stand on the balcony off the kitchen to take in the view and imagine making your path to the river's edge. This location is unique. Country setting in the city.

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Property Summary

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This detached home located at 1040 RIVERBANK Drive, Cambridge is currently for sale and has been available for 862 days. This property is listed at $1,299,900 with an estimated mortgage of $4,327* per month. It has 3 beds, 2 bathrooms, and is 1500-2000 square feet. 1040 RIVERBANK Drive, Cambridge

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 3 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Cambridge.

Highly Recommended for Families
What We Love About This Home
  • •3 spacious bedroom layout offering versatile living space
  • •2 well-appointed bathrooms
  • •1500-2000 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Families, couples, or downsizers looking for a well-proportioned home in Cambridge.

Target Buyer Match

Key Features

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Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

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StatusSold
Sold DateJuly 15, 2024
Sold price information is available to members only
AddedJun 21, 2024 (862 days ago)
UpdatedJul 15, 2024 (838 days ago)
Last Checked19 minutes ago
Transaction TypeFor Sale

Property Details

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Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick, Vinyl Siding
BasementFinished with Walk-Out, Separate Entrance
Lot Size98 × 328 Feet
CountyWaterloo
Annual Tax$6,784.09
Legal DescriptionPT LT 116 GERMAN COMPANY TRACT TWP OF WATERLOO PT 1 67R2339; CAMBRIDGE

Parking & Garage

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Parking Total9.0
Parking Space7
Garage TypeAttached

Heating & Cooling

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Heat SourceOil
Heat TypeForced Air
CoolingCentral Air

Features

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Property Features

  • Greenbelt/Conservation
  • Waterfront

Interior Features

  • Other

Security Features

None listed

Community Features

None listed

Property History

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No historical data available for this property.

This could be the first listing for this address.

Cambridge Homeowner & Seller AdvisoryVerified Sold Comp

What is your house worth in Cambridge?

This property at 1040 RIVERBANK Drive, Cambridge, ON has closed. If you own a home on this street or nearby in Cambridge, recent market trends and verified sold prices directly determine your home equity.

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Frequently Asked Questions about 1040 RIVERBANK Drive, Cambridge, ON

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Q.What is the asking price for 1040 RIVERBANK Drive, Cambridge, ON ?

The current listing price for 1040 RIVERBANK Drive, Cambridge, ON in Cambridge is $1,299,900.

Q.How many bedrooms and bathrooms does this property have?

This property features 3 bedrooms and 2 bathrooms across approximately 1500-2000 sqft.

Q.What property type and architectural style is 1040 RIVERBANK Drive, Cambridge, ON ?

1040 RIVERBANK Drive, Cambridge, ON is a Detached (Bungalow) featuring a Finished with Walk-Out, Separate Entrance basement.

Q.What key property features does 1040 RIVERBANK Drive, Cambridge, ON offer?

Key property features include: Greenbelt/Conservation, Waterfront.

Q.What interior features are included in this home?

Interior highlights include: Other.

Q.Is parking available at this property?

Yes, this property offers parking space for 9.0 vehicles (Attached).

Q.What heating and cooling systems are installed?

Heating is provided via Oil and cooling via Central Air.

Location

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1040 RIVERBANK Drive, Cambridge, ON
Neighborhood Safety Index

Neighborhood Safety & Crime Analytics

Cambridge, Cambridge

SAFETY RATING9.4 / 10
Low Incident Area
Total Annual Incidents35 incidents / yr
Average Per Month2.9 incidents / mo
Population BenchmarkArea Average residents
Personal Safety
Very Low

8 assaults (30.0/100k)

Property Security
Very Low

8 B&E (30.0/100k)

Auto Theft Risk
Low Risk

10 thefts (35.0/100k)

1-Year Trend
â–¼ 6%

Improving vs previous year

How Per-Capita Rate (Per 100,000 Residents) Is Calculated:

Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.

Source: Official Police Services ArcGIS Open Data
Halton & GTA Police Network

Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.

Pricing & Value Insights

Data-driven valuation for 1040 RIVERBANK Drive, Cambridge, ON N3H 4R6

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Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Cambridge Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Cambridge.

Verified Local Data
City Population575,847
City Median Age38 Yrs
City Ownership65% Owners
Avg Area List Price$1,232,213

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
45%
Couples without children
28%
Other households
3%

Top Ethnic Origins

English18%
German17%
Scottish15%
Irish15%

Best Schools in Cambridge

Elementary Schools

Elgin Street
Public685 Elgin Street North, Cambridge, Ontario, N1R 7W6
6.2
Avenue Road
Public40 Gail Street, Cambridge, Ontario, N1R 4M2
3.3
St Peter
Public92 Avenue Road, Cambridge, Ontario, N1R 1C1
5.6
Christ The King
Public70 Acorn Way, Cambridge, Ontario, N1R 8M5
3.1
Blue Heron
Public749 Grand Valley Drive, Preston, Cambridge, Ontario, N3H 2S3
5.3

Secondary Schools

Galt
Public200 Water Street North, Galt, Cambridge, Ontario, N1R 6V2
5.9
St. Benedict
Catholic50 Saginaw Parkway, Cambridge, Ontario, N1R 5W1
6.8

Cambridge Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

Need more details or a custom CMA?

Generate a full market evaluation or explore city guides using the sidebar links.

Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.

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