$1,490,000
Cambridge
176 RIVERBANK Drive, Cambridge, Ontario, N3H4R6
This 4-bedroom, 2-bathroom home in Cambridge is for sale offering roughly 2,571 sq ft of space.
This property offers the unique potential for severance into two separate lots, allowing for the opportunity to build a new home on this extraordinary, serene 1.06-acre lot or add a second dwelling, with the owner having already initiated the severance inquiries and process. The seller even has a dream house plan ready to go if you’re interested in making this vision a reality! Imagine living on a secluded, tree-lined estate right within the city. 176 Riverbank Drive offers a tranquil sanctuary featuring a 3+1 bedroom bungalow spanning around 2,600 sqft of living space with a fully finished walkout basement. The serene lot gently slopes down to the Grand River, creating a private haven of peace surrounded by lush, mature trees and meticulously landscaped grounds. Step inside to find rich parquet hardwood floors, expansive windows flooding the space with natural light, and a cozy fireplace. Sliding glass doors from the dining room open to a generous deck with stunning views of your private yard. The updated kitchen is a dream, featuring elegant maple cabinetry, granite countertops, a stylish backsplash, and stainless-steel appliances, while a delightful, sun drenched sunroom provides the perfect spot for morning coffee. The home features three spacious bedrooms, including a serene primary suite, and an updated family bathroom. The finished lower level offers a large fourth bedroom, a full bath, an office nook, an oversized laundry room, generous storage, and a garden walkout leading to your backyard retreat. For those with recreational vehicles, the expansive driveway offers ample parking and plenty of room to store a boat or trailer. Conveniently located near major highways, Chicopee Ski & Summer Resort, and Fairview Mall, this property perfectly balances peaceful living with city convenience. Notable updates include the roof (2014), water softener (2011), furnace and AC (2015), updated kitchen/bathrooms, and a Venmar HRV HEPA filter system (2010). Don't miss it! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 126 days on market, against an average age of 57 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 99.8 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This 4-bed single family in Cambridge is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,490,000, about 18.2× the local median household income of $82,000.
Carrying it typically needs a household income of about $291,049 (20% down, 25-yr amortization, stress-tested) — roughly 255% above the area median.
Source: Statistics Canada, 2021 Census (FSA N3H)
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Loading rates, 30-yr amortization
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.