Affordable Homeownership Opportunity in Watertown (1BR at Riverbank Lofts)

**OPEN HOUSE Saturday, January 10, 2026 – 10:00 a.m.-1:00 p.m.**

Application deadline 4:00 p.m., Wednesday, January 21, 2026

Info session on Zoom Thursday, January 8, 2026, at 7:00 PM.

https://us02web.zoom.us/j/87045219616?pwd=Wxa7UO9MpGg1ZHJEFrL5DvD5N96Zzq.1

Meeting ID: 870 4521 9616, Passcode: 088327

1-bedroom, 1-bathroom condo for sale at Riverbank Lofts – $230,762

290 Pleasant St, Unit 116, Watertown, MA

• Monthly condo fee: $189.38 (includes heat)
• FY26 tax rate $112.20 per $1,000
• 1 bedroom, 1 bathroom
• Approximately 810 sq. ft.
• 2 deeded parking spots
• Garden-style unit with patio facing Charles River Greenway
• Gas heat, central air, refrigerator, dishwasher, washer and dryer
• Pets allowed, with restrictions
• Near Charles River Greenway, dog park, transit, shops and restaurants

Accessibility:  the bedroom is up a full flight of stairs

Income restrictions apply (80% Area Median Income):

• 1 person:  $92,650
• 2 persons:  $105,850

Household assets may not exceed $75,000

This home is subject to deed restrictions that require the home to be occupied by the owner as the owner’s primary residence; limitations on sale price; transfer of property after death of owner to anyone other than a surviving spouse requires approval.  A sample deed rider is below.

EOHLC LIP New Unit Universal Deed Rider

Scroll down to read information package and apply online.  If you have trouble accessing the application, please email stefanie@metrowestcd.org.

Click the download button to review the important information about this permanently deed-restricted unit before you submit an application. There are permanent rules regarding the future sale of this unit that you need to understand.