Updated 2 Days Ago
Highlights
Pet Friendly
Location
502 Nelson St, Cambridge, ON N3H 1K1, CAN|Preston Centre
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Property Overview
Riverside Estates earns a strong Zumper Expert Rating of 8.8 out of 10, with standout marks for price, amenities, and location. It offers excellent value, a high level of amenities, and convenient access to nearby points of interest and transportation, along with a trustworthy property description.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Great for” are based on our internal analyses of market trends and renter insights.
Great for
Pet owners
Floor plans
| - Main Floor | 2 bed | 1 bath | 810 sqft | $2,195 /mo |
Let's explore this property.
Amenities for Riverside Estates
Apartment Amenities
| Air Conditioning | Balcony |
| Electric | Hardwood Floor |
| Heat | Hot Water |
| Private Balcony | Trash Included |
| Utilities/Sewer | View |
Appliances
| Fridge | Stainless Steel Appliances |
| Stove |
Building
| Card Activated Laundry Facility | Cats OK |
| Dogs OK | Onsite Laundry |
Grounds
| Assigned Parking |
Neighborhood
| Public Transit | Shopping Nearby |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Surface Lot
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12 months |
|---|
About Riverside Estates
Discover exceptional living in the heart of Cambridge. At Riverside Estates, every detail is thoughtfully designed for your comfort and convenience. Hydro, heat, air conditioning, and parking, are all included—making your experience completely hassle-free. Our community offers 32 condo-quality apartment homes with elegant, hotel-style entryways and hallways. Perfectly situated just steps from the scenic Grand River and minutes from downtown amenities, Riverside Estates combines tranquility with accessibility. Residents Enjoy: • Direct property access to the Bob McMullen walking trail along the Grand River • A short 3-minute walk to charming Preston • Beautifully landscaped grounds with extensive gardens • A large outdoor community BBQ area • Brand-new stainless-steel appliances in the units • Open-concept kitchens with ample storage • Ample parking for residents and guests • A quiet neighborhood with respectful residents If you’re looking for a professionally maintained building with exceptional attention to detail, Riverside Estates is the ideal choice. More than a place to live—it’s a place to thrive. Welcome home to Riverside Estates. Your new lifestyle awaits.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very GoodWith a solid 8.8 out of 10 overall, Riverside Estates is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Riverside Estates has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Riverside Estates offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Riverside Estates stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Riverside Estates is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Riverside Estates does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Riverside Estates provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Riverside Estates is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Riverside Estates compares to other nearby properties.
Considerations
- Distance from grocery stores
- The nearest grocery store is 1.1 miles away
- Distance from transit
- More than 1.4 miles from public transportation
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Rent trends in Preston Centre
2-bedroom apartments at Riverside Estates cost about 6% more than the average rent price for 2-bedroom apartments in Preston Centre.
Median rents as of Oct 17 2026.
Preston Centre
Cambridge
| Month | Median Rent |
|---|---|
| November 2024 | $1,946 |
| December 2024 | $1,910 |
| January 2025 | $1,867 |
| February 2025 | $1,892 |
| March 2025 | $1,892 |
| April 2025 | $1,872 |
| May 2025 | $1,899 |
| June 2025 | $1,909 |
| July 2025 | $1,865 |
| August 2025 | $1,924 |
| September 2025 | $1,837 |
| October 2025 | $1,768 |
| November 2025 | $1,827 |
| December 2025 | $1,802 |
| January 2026 | $1,784 |
| February 2026 | $1,742 |
| March 2026 | $1,724 |
| April 2026 | $1,850 |
| May 2026 | $1,837 |
| June 2026 | $1,854 |
| July 2026 | $1,907 |
| August 2026 | $1,901 |
| September 2026 | $1,987 |
| October 2026 | $2,010 |
| Month | Median Rent |
|---|---|
| November 2024 | $1,753 |
| December 2024 | $1,702 |
| January 2025 | $1,700 |
| February 2025 | $1,700 |
| March 2025 | $1,699 |
| April 2025 | $1,686 |
| May 2025 | $1,784 |
| June 2025 | $1,707 |
| July 2025 | $1,666 |
| August 2025 | $1,839 |
| September 2025 | $1,740 |
| October 2025 | $1,650 |
| November 2025 | $1,636 |
| December 2025 | $1,564 |
| January 2026 | $1,511 |
| February 2026 | $1,499 |
| March 2026 | $1,545 |
| April 2026 | $1,618 |
| May 2026 | $1,611 |
| June 2026 | $1,621 |
| July 2026 | $1,578 |
| August 2026 | $1,663 |
| September 2026 | $1,795 |
| October 2026 | $1,795 |
Affordability calculator
Can I afford to live at 502 Nelson St?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$87,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $87,800 annually to afford this 2-bedrooms monthly rent price of $2,195.
For more information on rent affordability, visit our rent calculator.
Neighborhood
Preston Centre | Cambridge, ON
Getting around Cambridge near 502 Nelson St
Walking
4/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 502 Nelson St, Cambridge
Groceries
2/10
At least one supermarket within a 30-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
2/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within a few minutes’ walk
Primary schools
7/10
At least one elementary school within a 15-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
3/10
Some bars within walking distance
Explore the area around 502 Nelson St
Ross & Lindsay's No Frills
1515 King St E
Costco Hearing Center
4438 King St E
Costco Wholesale
4438 King St E
Akwaaba Tropical Market
895 Langs Dr
Kerala Food Court
2435 Eagle St N
Posh Consignment Boutique
310D King St E
Ginny's
644 King St E
Preston Cleaners
134 Westminster Dr N
Argus Uptown Thrift
742 King St E
Gadsby's Clothing Co Inc
758 King St E
Orange Julius
328 King St E
Tim Hortons
1460 King St E
Starbucks
45 Sportsworld Dr
Tim Hortons
4396 King St E
Tim Hortons
1055 Fountain D W
Fiddle & Firkin
707 King St E
Sidelines Sports Bar & Grill
991 King St E
Williams Fresh Cafe
4500 King St E
Moose Winooski's
20 Heldmann Rd
The Bruce Craft House
700 Hespeler Rd
Sunrise Mills Natural Choice
840 King St E
Rising Dough Bakery
927 King St E
Shaan Foods
1001 Langs Dr
La Cakery
580 Hespeler Rd
Palm Valley Indian Spices
580 Hespeler Rd
Meadow
Park
Garden
Central Park
Playground
Dairy Queen
328 King St E
Orange Julius
328 King St E
Riverside Fish Hut
157 King St W
Cambridge Restaurant
752 King St E
Papa Johns
779 King St E
Argyle / Vine
Langs
Argyle / Hamilton
Langs
Rose / Preston High School
Langs
Fountain / Shantz Hill
Preston
King / Eagle
206 iXpress, Preston
Fairway
ION Light Rail
Fairway
ION Light Rail
Block Line
ION Light Rail
Block Line
ION Light Rail
Mill
ION Light Rail
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