$499,900
For sale: Apartment

Welcome to Riverbank Lofts, one of Cambridge's most iconic historic conversions nestled along the scenic Speed River in the heart of downtown Hespeler. Thoughtfully transformed from the former American Standard factory, this sought-after residence blends timeless industrial character with modern living. This freshly painted one-bedroom suite features soaring ceilings, oversized windows, exposed beams, and an airy open-concept layout filled with natural light. The stylish kitchen offers granite countertops, stainless steel appliances, and a breakfast bar perfect for everyday living and entertaining. Enjoy in-suite laundry, a full bathroom, and a spacious bedroom retreat with generous closet space. Residents enjoy premium amenities including a fitness centre, lounges, bike storage, and a dog wash station, making this a truly pet-friendly community. Complete with owned parking and ideally located steps to cafés, restaurants, river trails, boutique shopping, and minutes to Highway 401, this is an exceptional opportunity to enjoy elevated riverside living in one of Hespeler's most desirable communities. Whether you're a first-time buyer, investor, or looking to downsize, this suite offers the perfect blend of character, comfort, and convenience.
Sold data
Apartment homes in Cambridge took a median of 46 days to sell over the last 365 days, with the quickest quarter selling within 23 days and the slowest quarter taking more than 75, across 58 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 98 days.
The median sale price was $417,200.
Homes sold for about 3.0% below asking on average, so there was room to negotiate.
About 14% of sales closed above the list price.
Around 28% of sellers reduced their price before finding a buyer.
Based on 58 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Cambridge has 46 Fraser Institute–rated schools (38 elementary and 8 secondary), averaging 5.6/10.
School ratings from the Fraser Institute's Ontario school report cards.
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