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Cambridge · Maple Grove, Riverbank, Royal Oak · Detached · MLS# 40844408

176 RIVERBANK Drive

$1,500,000

4

bed

2

bath

2,571

sqft

1969

built

Detached · $583/sqft

Listed July 1, 2026

About this home.

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:59491)

The full record.

Property typeDetached
Year built1969
Square footage2,571 sqft
Lot size0
Bedrooms4
Bathrooms2
HeatingForced air,, ,Natural gas
CoolingCentral air conditioning
ListedJuly 1, 2026

How this listing prices against Maple Grove, Riverbank, Royal Oak.

1

Sales

$960,000

Median price

8

Days on market

96.0%

% of list

7

Active listings

N/A

Months supply

Maple Grove, Riverbank, Royal Oak had 1 sale and 6 active listings, making it a quiet but higher-priced corner of Cambridge. The sale closed at $960,000 in 8 days, well above the city average price, though at 96.01% of list it still involved some negotiation. Inventory remains meaningfully higher than recent turnover, so one quick sale does not yet signal a tight market overall. This neighbourhood is seeing selective demand for upper-end homes rather than broad-based activity.

Read the full Cambridgereport →

Estimate the monthly carry.

Down payment
%($300,000)
Mortgage rate
%
Amortization
years

Estimated monthly payment

$6,869

Principal$1,200,000
Total interest$860,714
Total paid$2,060,714

Estimate only. Excludes property tax, condo fees, and insurance.

Questions on this property?

Neso Basara

RE/MAX Icon Realty

Waterloo Region

Use the chat button to message me directly.

Or email me at neso@basara.ca

176 RIVERBANK Drive, Cambridge — $1,500,000 | Basara