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For saleNew listingMLS® X14145534

138 Riverbank Drive, Cambridge, ON N3H 4R6

Preston · N3H 4R6

$799,900

Listed yesterday

Lot
49.57 × 367.81 ft

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About this property

LIVE ON ONE OF THE REGION'S MOST PRESTIGIOUS RIVERFRONT STREETS! Imagine waking up every morning to breathtaking views of the Grand River, surrounded by natural beauty, tranquility, and the prestige of an exceptional riverside address. This is a rare opportunity to create your dream estate in one of the Region's most sought-after enclaves. Enjoy peaceful, country-inspired living just minutes from Kitchener, Cambridge, Highways 401 and 8, and all essential amenities. Picture your custom-designed home overlooking the river, with summer days spent kayaking, paddleboarding, fishing, or simply relaxing while taking in the spectacular scenery. Nearby Chicopee Ski & Summer Resort, Fairview Park Mall, shopping, and dining add to the appeal of this exceptional location. Adding tremendous value, the seller has completed extensive preliminary work, including a field survey, slope stability assessment, and plans for a proposed walk-out bungalow - giving you an exciting head start on bringing your vision to life. Opportunities like this are exceptionally rare! Don't just dream about your forever home - build it on one of the Region's most prestigious streets. Secure your place along the Grand River and experience the beauty, lifestyle, and prestige of this truly remarkable property. Your dream home deserves an extraordinary address. Make it yours!

Property details

Property

Property type
vacant land
Lot size
49.57 × 367.81 ft
Zoning
RR2
Possession
flexible

Interior

Exposure
North

Costs

List price
$799,900
Property taxes
$3,342 / year (2026)

Listing

MLS® number
X14145534
Status
For sale
Listed
November 3, 2026
Days on market
1
Last updated
November 3, 2026
Listing brokerage
RE/MAX TWIN CITY REALTY INC.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced below most comparable listings — about 25% of comparable vacant land listings in Preston are asking less.

$340KMedian $1.05M$11.09M

Based on 8 comparable active vacant land listings in Preston. These are asking prices, not sale prices.

Mortgage estimate

Down payment6.9% · minimum $54,990
$54,990
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$4,118.74
Property tax (est.)
$278.50
Estimated monthly
$4,397

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$12,473
Total due on closing
$12,473

An estimate on the asking price of $799,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX TWIN CITY REALTY INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$799,900

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