263 Riverbank Drive, Cambridge, ON

$1,599,000
MLS#:X11960784
5 beds
3 baths
3500-5000 sqft
8.0 parking
Residential Freehold
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Description

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

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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Key Features

Bedrooms
5
Bathrooms
3
Kitchens
1
Living Area
3500-5000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMarch 12, 2025
Sold price information is available to members only
Listed Date2/6/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionStone, Wood
BasementFinished
Lot Size100.4 × 314 Feet
CountyWaterloo
Annual Tax$10,904.49
Legal DescriptionPT LT 14 CON BEASLEY'S BROKEN FRONT TWP OF WATERLOO AS IN 312026; CAMBRIDGE

Parking & Garage

Parking Spaces8.0
Garage Spaces6
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

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

Location

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263 Riverbank Drive, Cambridge, ON

Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 263 Riverbank Drive, Cambridge, ON N3H 4R6

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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Financial Audit

Estimated Costs

Loan Amount$1,279,200
Monthly Mortgage$7,433
Property Tax (Est.)$909
Utilities & Maint.$350
Total Monthly Cost$8,692

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Cambridge.

Similar Listings Nearby

City & 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$805,459

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%

Local Schools Guide

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
Christ The King
Public70 Acorn Way, Cambridge, Ontario, N1R 8M5
3.1
St Peter
Public92 Avenue Road, Cambridge, Ontario, N1R 1C1
5.6
Manchester
Public455 Dundas Street North, Galt, Cambridge, Ontario, N1R 5R5
4.7

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

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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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.