263 Riverbank Drive, Cambridge, ON
Property no longer active
This property was sold on March 12, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Cambridge. Expertly crafted featuring premium stone and wood construction, this residence presents an exceptional opportunity offered at $1,599,000 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.
- 5 Bedrooms and 3 Bathrooms
- Generous living space spanning 3500-5000 sqft on a premium 100.4 x 314 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Auto Garage Door Remote, Central Vacuum, Water Heater Owned
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
This magnificent 2-storey home, completely rebuilt in 2019, stands proudly on a generous 2/3-acre lot, enveloped in trees and situated on a peaceful, family-friendly street. With over 4,000sqft of luxurious living space, this residence is tailor-made for modern living and extraordinary entertaining. As you enter, you are greeted by an open-concept floor plan that effortlessly blends style and functionality. The gourmet kitchen is nothing short of a culinary masterpiece, featuring expansive granite countertops, a grand 10ft eat-in center island, premium stainless steel appliances, and a charming dining. Pristine plank hardwood floors throughout the main level add an additional layer of sophistication and warmth. Make your way upstairs to discover the stunning great room with its vaulted ceilings and large windows, this space is illuminated with natural light and offers tranquil, scenic views. The primary bedroom is complete with a walk-in closet and a 4pc ensuite, featuring a separate large shower, soaker tub, and heated flooring for added luxury. The 2nd floor also boasts a thoughtfully designed laundry room, complete with a window, shelves, sink, and convenient storage, & 2 additional bedrooms that provide comfort and style. Step outside to experience your private paradisea beautifully landscaped, park-like backyard that offers a lush oasis for relaxation and family gatherings. The professionally designed pergola serves as a delightful hub for outdoor dining and leisure, while the versatile outdoor workshop, features a vaulted ceiling, independent electrical power, and rough-in for a heater. This home has been meticulously maintained by non-smoking owners with no pets, ensuring a pristine and inviting living environment. Ideally located just minutes from major Hwy 8 and 401, schools, vibrant downtown shops, restaurants, and an abundance of parks and recreational facilities, this exceptional property promises an unparalleled lifestyle that you wont want to miss.
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Property Summary
This detached home located at 263 Riverbank Drive, Cambridge is currently for sale and has been available on SousaSells for 546 days. This property is listed at $1,599,000 with an estimated mortgage of $5,322* per month. It has 5 beds, 3 bathrooms, and is 3500-5000 square feet. 263 Riverbank Drive, Cambridge
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 5 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in Cambridge.
- •5 spacious bedroom layout offering versatile living space
- •3 well-appointed bathrooms
- •3500-5000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Cambridge.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Golf
- Hospital
- Library
- Park
- Place Of Worship
- Rec./Commun.Centre
Interior Features
- Auto Garage Door Remote
- Central Vacuum
- Water Heater Owned
- Built-In Oven
Security Features
- Smoke Detector
- Carbon Monoxide Detectors
Community Features
None listed
Frequently Asked Questions about 263 Riverbank Drive, Cambridge, ON
Q.What is the asking price for 263 Riverbank Drive, Cambridge, ON ?
The current listing price for 263 Riverbank Drive, Cambridge, ON in Cambridge is $1,599,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 5 bedrooms and 3 bathrooms across approximately 3500-5000 sqft.
Q.What property type and architectural style is 263 Riverbank Drive, Cambridge, ON ?
263 Riverbank Drive, Cambridge, ON is a Detached (2-Storey) featuring a Finished basement.
Q.What key property features does 263 Riverbank Drive, Cambridge, ON offer?
Key property features include: Golf, Hospital, Library, Park, Place Of Worship, Rec./Commun.Centre.
Q.What interior features are included in this home?
Interior highlights include: Auto Garage Door Remote, Central Vacuum, Water Heater Owned, Built-In Oven.
Q.What security features are installed at 263 Riverbank Drive, Cambridge, ON ?
Security features include: Smoke Detector, Carbon Monoxide Detectors.
Q.Is parking available at this property?
Yes, this property offers parking space for 8.0 vehicles (Attached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 263 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.
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About Purchasing a Home in Cambridge, ON
For a property listed at $1,599,000 in Cambridge, the legal minimum down payment is $319,800 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 $28,455 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 $28,455.
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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.