1040 RIVERBANK Drive, Cambridge, ON
Property no longer active
This property was sold on July 15, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
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
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.
Schedule a Tour
Contact us to schedule a private viewing of this property.
Contact Agent
Property Summary
This detached home located at 1040 RIVERBANK Drive, Cambridge is currently for sale and has been available on SousaSells for 776 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.Yes! Featuring 3 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Cambridge.
- •3 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •1500-2000 sqft of generous functional square footage
Families, couples, or downsizers looking for a well-proportioned home in Cambridge.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Greenbelt/Conservation
- Waterfront
Interior Features
- Other
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 1040 RIVERBANK Drive, Cambridge, ON
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.
Virtual Tour & 3D Walkthrough
Virtual 360° Walkthrough & Live Video Tour
Request a live agent video tour or get 3D virtual walkthrough access for 1040 RIVERBANK Drive, Cambridge, ON .
Location
Google Street View
Open in Google MapsProperty History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1040 RIVERBANK Drive, Cambridge, ON N3H 4R6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Mortgage & Affordability Audit
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Cambridge.
Configure Loan Settings
About Purchasing a Home in Cambridge, ON
For a property listed at $1,299,900 in Cambridge, the legal minimum down payment is $259,980 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $22,473 for this transaction. As this listing is in Cambridge (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $22,473.
Similar Listings in Cambridge
Explore all Just Listed Homes in Cambridge →
Cambridge Neighborhood Guide
Comprehensive city-wide demographics, local real estate stats, and school rankings for Cambridge.
People & Families
Age Distribution
Household Composition
Top Ethnic Origins
Best Schools in Cambridge
Elementary Schools
Secondary Schools
Cambridge Demographic Home information
Structural Home Types
Tenure (Ownership vs Rental)
Need more details or a custom CMA?
Generate a full market evaluation or explore city guides using the sidebar links.
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.