Presenting an extraordinary opportunity to own a unique property on the coveted Riverbank Drive, available for the first time since 1963. THIS WOULD MAKE A GREAT BUILDING LOT ON .88 OF AN ACRE, NO HST AND LEVIES TO BUILD AS THERE IS AN EXISTNG HOME ON THE PROPERTY THAT WOULD NEED TO BE REMOVED AFTER BUILDING! OR This charming 3-bedroom bungalow, set on a large, mature treed lot, offers the cozy feel of a cottage combined with all the conveniences of city access. Surrounded by executive million-dollar homes, this residence features a private well and septic system, plenty of parking, and endless possibilities for future development in one of the area’s most sought-after neighborhoods. Designed for comfortable family living, the home features a warm, inviting layout with three spacious bedrooms, a cozy family room perfect for gatherings, and a formal dining room ideal for hosting memorable meals. The large eat-in kitchen serves as the heart of the home, connecting seamlessly to a formal living room—perfect for entertaining or relaxing. Main-floor laundry and ample storage enhance the home’s practicality. The expansive backyard is a true retreat, complete with a workshop and garden shed, perfect for DIY enthusiasts or gardening lovers. Framed by mature trees, this property offers a tranquil, country-like setting just minutes from Freeport Hospital, Highway 401, and major shopping hubs like Sportsworld. Access to Cambridge, Kitchener, and via the x-way to Waterloo, New Hamburg, & surrounding areas, enjoy the best of both worlds. 2 mins to walking trails and the Grand river where you can rent a canoe to explore the Grand river or just go fishing. Whether you’re looking to enjoy this cozy, cottage-inspired home now or planning to save up for your dream home on this outstanding lot, the possibilities are endless. Don’t miss this chance to own prime real estate on Riverbank Drive, where the charm of a serene retreat meets the conveniences of an exceptional location.
Property Type:
Residential
Property SubType:
Single Family Residence
Year built:
1940
(Age: 85)
Listing General Location:
56 - Maple Grove, Riverbank, Royal Oak, 15 - Preston
Data was last updated August 2, 2025 at 01:50 PM (UTC)
Area Statistics
Listings on market:
60
Avg list price:
$697,000
Min list price:
$329,900
Max list price:
$4,499,000
Avg days on market:
28
Min days on market:
1
Max days on market:
240
Avg price per sq.ft.:
$403.55
These statistics are generated based on the current listing's property type
and located in
15 - Preston. Average values are
derived using median calculations. This data is not produced by the MLS® system.