For sale

LandOn market 67 days

138 Riverbank Dr, Cambridge

Cambridge, ON · · MLS® X13682342Updated September 16, 2026

$799,900Est. $3,930/mo mortgage

Type Land
Lot 25.995 acres

What you should know

138 Riverbank Dr is a land in Cambridge, listed for $799,900.

Exclusive Grand River living with breathtaking waterfront views and an unmatched setting that feels like a private escape from the everyday.
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.

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Lots & Land in Cambridge

About 138 Riverbank Drive

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.

Cambridge land priced at $799,900 — book a tour to see if it fits your search.

Inside 138 Riverbank Dr

Every detail from the listing, in one place.

Type: Land

Features & systems

Lot & land

Lot size (sqft): 0

Listing & possession

Property class: Vacant Land

138 Riverbank Dr Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Aug 17, 2026For saleListedThis listingMLS® X13682342$799,900

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 138 Riverbank Dr Compares to the Cambridge Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Cambridge market, last 90 days

Median sold price: $685,000
Average sold price: $728,680
Average days on market: 32
Homes sold: 454

Closed sales on the TRREB MLS®.

Full Cambridge market report

Recently sold nearby in Cambridge

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

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Home	Sold price	$ / sqft	% of asking	Sold
This home138 Riverbank Drive 0 bd · 0 ba	$799,900asking	—	—	—
1170 Ratcliffe Drive 0 bd · 0 ba · 2,000 sqft
302 Dundas Street 0 bd · 0 ba
148 Hedley Street 0 bd · 0 ba
PT LT H Shellard Road 0 bd · 0 ba · 700 sqft
0 Hedley Street 0 bd · 0 ba
1152 Hunt Club Road 0 bd · 0 ba

1170 Ratcliffe Drive
0 bd · 0 ba · 2,000 sqft
302 Dundas Street
0 bd · 0 ba
148 Hedley Street
0 bd · 0 ba
PT LT H Shellard Road
0 bd · 0 ba · 700 sqft
0 Hedley Street
0 bd · 0 ba
1152 Hunt Club Road
0 bd · 0 ba

Living in Cambridge: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

How long is your commute?

From 138 Riverbank Dr. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 138 Riverbank Dr

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $3,930; 20% down · 25 years · 5.5% assumed
Property tax: $440; 0.66% mill rate · ON
Total per month: $4,370; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

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Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$3,930

/mo

based on the purchase price of $799,900

Down payment20%

$159,980 cash

Amortization25 yr

$639,920 financed

Rate5.50%

$538,981 total interest

Principal54%$639,920

Interest46%$538,981

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

For homeowners nearby

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Listing brokerage: RE/MAX TWIN CITY REALTY INC., BrokerageMLS® X13682342 · Listing data last updated September 16, 2026

Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.

Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

For sale· listed Aug 16

Estimated monthly mortgage$3,930/moMortgage only · 20% down · 5.5% assumed

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5.0 · Google rating for Coldwell Banker Summit Realty, Brokerage · as of September 2026

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