$1.26M · 2 bed Condo Apartment · Puslinch Lake Settlement Areas, Cambridge

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About this home

Welcome to Riverbank Lofts, a boutique historic stone conversion on the Speed River in the heart of Hespeler Village. This rare corner unit offers luxury with 12' ceilings, exposed beams, and oversized windows showcasing river and waterfall views. Featuring 2 bedrooms with private ensuites, a powder room, and a show-stopping 18' island kitchen with built-in appliances, servery, and pantry.High-end finishes include European white oak flooring, heated floors in baths and laundry, custom built-ins,…

Property details

MLS#

X12957824

Status

Buy Now

Beds

Baths

3 full, 0 half

Size

1400-1599

Style

Loft

Type

Condo Apartment

Year built

—

Roof: Metal
Foundation: Stone
Property features: Greenbelt/Conservation, Lake/Pond, Park, Library, Place Of Worship, Rec./Commun.Centre

View: River, Panoramic, Trees/Woods

Waterfront: Yes
Water view: Direct
Water body: Speed River
Shoreline: Unknown
Waterfront features: River Front

Building name: Riverbank Lofts
Condo corp #: 701
Balcony: Open
Locker: Owned
Association amenities: Gym, Visitor Parking, Elevator, Ind. Water Softener, Bike Storage
Fees include: Building Insurance Included, Common Elements Included, Heat Included, CAC Included
Pets: Yes-with Restrictions

Garage: 2-car Detached
Garage spaces: 2
Parking: 2 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Exterior: Stone · Controlled Entry
Fronting on: —
Cross street: Guelph Ave. South, on left before Queen Street Intersection
Basement: Unknown
Stories: —
Utilities: —
Laundry: Ensuite, Laundry Room
Interior: Countertop Range, Bar Fridge, Water Softener
Parking features: Other

Level	Room	Dimensions
Main	Kitchen	4.29m × 4.72m
Main	Dining Room	3.58m × 3.96m
Main	Other	1.83m × 2.79m
Main	Living Room	3.86m × 3.96m
Main	Primary Bedroom	4.39m × 5.31m
Main	Bathroom	1.98m × 3.15m
Main	Bedroom	2.87m × 3.53m
Main	Bathroom	1.55m × 2.64m
Main	Laundry	1.96m × 2.87m
Main	Bathroom	1.7m × 1.83m

Level

Room

Dimensions

Main

Kitchen

4.29m × 4.72m

Main

Dining Room

3.58m × 3.96m

Main

Other

1.83m × 2.79m

Main

Living Room

3.86m × 3.96m

Main

Primary Bedroom

4.39m × 5.31m

Main

Bathroom

1.98m × 3.15m

Main

Bedroom

2.87m × 3.53m

Main

Bathroom

1.55m × 2.64m

Main

Laundry

1.96m × 2.87m

Main

Bathroom

1.7m × 1.83m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $1,259,000✓ $6,573 tax✓ Gas✓ 1400-1599 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$9,685/mo

incl. closing costs (yr 1)

Annual total

$116,221

year 1

Mortgage only

$4,776/mo

principal + interest

Beyond mortgage

$2,646/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$251,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$548/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~1,500 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$12,590/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$52/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$21,655

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)49% $57,315/yr

Property taxes24% $28,228/yr

Utilities3% $3,960/yr

Insurance & security1% $1,600/yr

Maintenance11% $12,590/yr

Condo fees6% $7,427/yr

Closing costs4% $5,100/yr

Mortgage is 49% of your true cost of ownership. The other 51% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$57,315	$4,776/mo
Government & taxes
Property tax	$6,573	$548/mo
Land transfer tax(closing)	$21,655	$1,805/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$12,590	$1,049/mo
Condo fees
Condo / HOA fees	$7,427	$619/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$116,221	$9,685/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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