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Home Communities Rainbow Falls 137 Magenta Crescent
$899,900 Sold
137 Magenta Crescent · Chestermere · T1X 0K9
4 bd 4.0 ba 2,604 sqft $346/sqft Built 2010
MLS® A2263145 · Listed Oct 16, 2025
Listed by RE/MAX First — Odell Ramcharan
By the numbers

How this listing measures up

$/sqft $346
vs Rainbow Falls median +32% community avg $681K
Sqft per bedroom 651
Year built 2010
Annual taxes $4,957 2025
Garage 2 spaces
$/sqft distribution

Where this listing sits in Rainbow Falls

Of 30 active residential listings in Rainbow Falls, this property at $346/sqft sits in the $300–350 range.
$200–$250/sqft · 2 listings $250–$300/sqft · 11 listings $300–$350/sqft · 10 listings $350–$400/sqft · 3 listings $400–$450/sqft · 1 listing $450–$500/sqft · 0 listings $500–$550/sqft · 2 listings $550–$600/sqft · 1 listing $200 $250 $300 $350 $400 $450 $500 $550 $600 This · $346
Other active listings This listing's price range This listing

About this property

**OPEN HOUSE SATURDAY NOV 1 from 12-2PM** Tucked in one of the most sought-after locations in Chestermere, this stunning two-storey walkout backs directly onto the tranquil Rainbow Falls green space and creek-side pathway. Step outside your back gate to enjoy peaceful walks along the water, surrounded by mature trees and lush landscaping — a true outdoor retreat right at home. Inside, this fully finished residence impresses with thoughtful updates and high-end finishes throughout. The reimagined Chef’s Kitchen now features brand-new stainless steel appliances, elegant granite countertops, custom maple cabinetry with soft-close drawers and under-cabinet lighting, plus a convenient walk-through pantry connecting to the mudroom. Whether preparing an intimate meal or hosting guests, this kitchen delivers both beauty and functionality. Soaring west-facing windows flood the main floor with natural light, framing picturesque views of the creek and park beyond. The inviting great room centers around a full-height stone fireplace — perfect for cozy evenings with family or friends. Upstairs; flowing new carpet, the spacious primary suite provides a true retreat, complete with a spa-inspired 5-piece ensuite featuring heated marble floors, a jetted marble-wrapped tub, dual vanities, and his-and-hers walk-in closets. The walkout lower level is beautifully designed with versatility in mind — featuring an impressive wet bar, built-in Murphy bed, custom wine room, in-ceiling audio, and a sleek 4-piece bath with heated floors and steam shower. Ideal as a guest suite or entertainment space, it’s fully equipped with separate laundry and security systems. Outdoors, the private fenced yard offers multiple gathering spaces — a large deck for summer dining, a cozy fire pit area, and a concrete patio overlooking the natural green space and gently flowing creek. This home truly combines luxury living with the serenity of nature — an exceptional balance of indoor comfort and outdoor beauty.

Property details

Bedrooms4
Bathrooms4.0
Style2 Storey
HeatingForced Air,Natural Gas
CoolingNone
FlooringCarpet,Hardwood,Tile
LevelsTwo
BasementOther
Interior featuresBookcases,Closet Organizers,Double Vanity,Granite Counters,Kitchen Island,No Animal Home,No Smoking Home,Recessed Lighting,See Remarks,Vinyl Windows
AppliancesBar Fridge,Dishwasher,Dryer,Electric Stove,Microwave,Range Hood,Refrigerator,See Remarks,Washer
InclusionsAdditional appliances in suite including fridge, dishwasher, stove, washer, dryer
LaundryUpper Level
Lot size5414.00 sqft
Frontage49.22 ft
Lot featuresBacks on to Park/Green Space,Creek/River/Stream/Pond
Exterior featuresBBQ gas line,Private Entrance
FencingFenced
PatioDeck,Patio
Year built2010
Construction materialsStone,Vinyl Siding,Wood Siding
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresDouble Garage Attached
Garage spaces2
Parking total4
Annual taxes$4,957
Tax year2025
Possession30 Days / Neg
ZoningR1
TitleFee Simple
RestrictionsUtility Right Of Way
NeighbourhoodRainbow Falls
Community featuresPlayground,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights
List AORCalgary

Location

Sold comparables in Rainbow Falls

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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.
Full Rainbow Falls community profile →

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

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Listed by: RE/MAX First — Odell Ramcharan.