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Rainbow Falls

31 active listings · median asking $682K
Rainbow Falls is a vibrant family-oriented community in Calgary's northeast, known for its diverse housing options and strong sense of community. This well-established neighbourhood offers residents a perfect blend of suburban tranquility and urban convenience, with excellent access to schools, parks, and major transportation routes.
Median income
$53K
Median age
37.7
Owners
92%
Bachelor's+
22%
Transit
1%
Walk/bike
0%
AI-assisted editorial

Homes for Sale in Rainbow Falls, Calgary

Rainbow Falls is particularly known for its family-friendly atmosphere and diverse architectural styles that cater to various lifestyle needs. The community features a mix of single-family homes, townhouses, and condominiums, with many properties offering spacious lots and modern amenities. The neighbourhood's well-maintained streets and mature landscaping create an inviting environment that appeals to both first-time homebuyers and growing families.

The community boasts excellent proximity to essential amenities, including shopping centres, restaurants, and professional services along nearby major corridors. Residents enjoy easy access to several parks and recreational facilities, including pathways perfect for walking, cycling, and outdoor activities. The area's green spaces provide wonderful opportunities for families to stay active and connected with nature throughout the year.

Education is well-served in Rainbow Falls, with access to quality elementary and secondary schools within the community and surrounding areas. The neighbourhood's strategic location provides excellent connectivity to major roadways and public transit routes, making commutes to downtown Calgary and other parts of the city convenient and efficient.

With its combination of affordable housing options, strong community spirit, and practical amenities, Rainbow Falls continues to attract residents who value both quality of life and accessibility. The neighbourhood's ongoing development and improvement initiatives ensure it remains an attractive choice for those seeking a well-rounded Calgary community experience.

Active listings

31 homes for sale in Rainbow Falls

304 Rainbow Falls Drive Active
$405,500
304 Rainbow Falls Drive
3 bd 3.0 ba 1,418 sqft $286/sqft
Listed by Real Broker — Gary Banipal, Sunny Banipal
109 Seagreen Link Active
$699,900
109 Seagreen Link
3 bd 3.0 ba 2,419 sqft $289/sqft
Listed by Royal LePage Benchmark — Ryan Hicke
18-111 Rainbow Falls Gate Active
$390,000
18-111 Rainbow Falls Gate
2 bd 3.0 ba 1,554 sqft $251/sqft
Listed by eXp Realty — Justin Havre, Heather Nickel
469 Rainbow Falls Way Active
$1,069,000
469 Rainbow Falls Way
5 bd 3.0 ba 1,857 sqft $576/sqft
Listed by Real Broker — Bryan Herman
148 Rainbow Falls Glen Active
$974,900
148 Rainbow Falls Glen
5 bd 4.0 ba 2,556 sqft $381/sqft
Listed by CIR Realty — Kim Milford
43-111 Rainbow Falls Gate Active
$399,000
43-111 Rainbow Falls Gate
3 bd 3.0 ba 1,541 sqft $259/sqft
Listed by eXp Realty — Nicole Tofin
284 Rainbow Falls Way Active
$854,900
284 Rainbow Falls Way
4 bd 4.0 ba 1,995 sqft $429/sqft
Listed by CIR Realty — Melissa Kost, Megan McCourt-Agyei
145 Rainbow Falls Glen Active
$645,000
145 Rainbow Falls Glen
5 bd 4.0 ba 1,875 sqft $344/sqft
Listed by Century 21 Masters — Krista Bortoluzzi
188 Magenta Crescent Active
$929,900
188 Magenta Crescent
5 bd 4.0 ba 2,404 sqft $387/sqft
Listed by Real Estate Professionals Inc. — Olivia Ohuegbe
31-111 Rainbow Falls Gate Active
$429,900
31-111 Rainbow Falls Gate
2 bd 3.0 ba 1,551 sqft $277/sqft
Listed by RE/MAX Crown — Happe Dhillon, Raman Chahal
444 Rainbow Falls Way Active
$650,000
444 Rainbow Falls Way
3 bd 4.0 ba 1,999 sqft $325/sqft
Listed by LPT Realty — Shawn Getty
30-111 Rainbow Falls Gate Active
$399,900
30-111 Rainbow Falls Gate
3 bd 3.0 ba 1,566 sqft $255/sqft
Listed by 2% Realty — Kevin Beutler
168 Rainbow Falls Heath Active
$800,000
168 Rainbow Falls Heath
6 bd 4.0 ba 2,793 sqft $286/sqft
Listed by RE/MAX House of Real Estate — Mel Star
461 Rainbow Falls Way Active
$1,275,000
461 Rainbow Falls Way
5 bd 4.0 ba 3,538 sqft $360/sqft
Listed by CIR Realty — Brenda Coulter
280 Rainbow Falls Drive Active
$439,900
280 Rainbow Falls Drive
2 bd 2.0 ba 1,443 sqft $305/sqft
Listed by Real Broker — Alexandru Popa
113 Indigo Lane Active
$389,900
113 Indigo Lane
2 bd 3.0 ba 1,623 sqft $240/sqft
Listed by RE/MAX Key — Michelle Eldjarnson, Ayana Hussein
320 Rainbow Falls Green Active
$529,900
320 Rainbow Falls Green
3 bd 4.0 ba 1,731 sqft $306/sqft
Listed by Stonemere Real Estate Solutions — Matthew Gonzales, Karen Gonzales
456 Rainbow Falls Drive Active
$489,900
456 Rainbow Falls Drive
2 bd 3.0 ba 1,431 sqft $342/sqft
Listed by CIR Realty — Kelsey Jones
233 Rainbow Falls Drive Active
$415,000
233 Rainbow Falls Drive
3 bd 2.0 ba 1,455 sqft $285/sqft
Listed by CIR Realty — Kelley Bidulka
124 Lavender Link Active
$369,900
124 Lavender Link
2 bd 3.0 ba 1,485 sqft $249/sqft
Listed by LPT Realty — Abe Elhage, Tarek Hageahmad
117 Rainbow Falls Boulevard Active
$579,900
117 Rainbow Falls Boulevard
2 bd 3.0 ba 1,809 sqft $321/sqft
Listed by CIR Realty — Amanda Panchuk
140 Cascades Pass Active
$324,900
140 Cascades Pass
2 bd 3.0 ba 1,225 sqft $265/sqft
Listed by D Gees Realty Inc. — Pranshu Dixit
248 Rainbow Falls Way Active
$824,900
248 Rainbow Falls Way
4 bd 3.0 ba 1,512 sqft $545/sqft
Listed by The Real Estate District — Cathy Tran
288 RAINBOW FALLS Drive Active
$474,983
288 RAINBOW FALLS Drive
3 bd 4.0 ba 1,400 sqft $339/sqft
Listed by Ko Realty Ltd. — Bhupinder Gill

About Rainbow Falls

AI-generated summary

Rainbow Falls is a family-oriented lakeside community in Chestermere with a relaxed, suburban feel centred around scenic pond and pathway systems.

31 active listings with an average list price of $674,690
Homes are averaging 38 days on market, suggesting a measured pace of sales
Located just east of Calgary's city limits within the City of Chestermere
Housing
Predominantly detached single-family homes with some townhomes, many featuring larger lots typical of east Calgary's suburban developments.
Transit
Car-dependent with limited transit options; proximity to 17th Avenue SE and Stoney Trail supports easy commuting by vehicle.
Amenities
Residents enjoy nearby Chestermere Lake, local shops along Rainbow Road, and convenient access to East Hills Shopping Centre for major retail.
Who lives here
Primarily young and established families drawn by larger homes, good schools, and an outdoor lifestyle near the water.

This neighbourhood summary was generated by AI for general orientation only. Verify details with the City of Calgary and your REALTOR® before making decisions.

Recently sold

What's been selling in Rainbow Falls

22 recent sales in Rainbow Falls

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Frequently asked questions

What types of homes are available in Rainbow Falls?
Rainbow Falls offers a diverse mix of housing options including single-family homes, townhouses, and condominiums. The community features various architectural styles and price points, making it accessible to first-time buyers, growing families, and those looking to downsize.
How is the school situation in Rainbow Falls?
The community is well-served by both public and Catholic school systems, with several elementary and secondary schools located within and near the neighbourhood. Families have access to quality educational options within walking distance or a short drive from most homes.
What recreational facilities and parks are nearby?
Rainbow Falls residents enjoy access to several parks, playgrounds, and green spaces within the community. The area features walking and cycling pathways, and is close to larger recreational facilities including community centres and sports complexes that offer various programs and activities.
How is public transportation and commuting from Rainbow Falls?
The neighbourhood offers good access to Calgary Transit bus routes that connect to the broader transit network. Major roadways provide convenient access for drivers, with reasonable commute times to downtown Calgary and other key areas of the city.
What shopping and amenities are available in the area?
Residents have convenient access to essential services including grocery stores, restaurants, banks, and retail shops along nearby commercial corridors. The community's location provides easy access to larger shopping centres and entertainment venues within a short drive.

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