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Home Communities Rainbow Falls 292 Rainbow Falls Drive
$474,983 Expired
292 Rainbow Falls Drive · Chestermere · T1X 0E4
3 bd 4.0 ba 1,415 sqft $336/sqft Built 2007
MLS® A2291242 · Listed Mar 11, 2026
Listed by Ko Realty Ltd. — Bhupinder Gill
By the numbers

How this listing measures up

$/sqft $336
vs Rainbow Falls median -30% community avg $682K
Sqft per bedroom 472
Year built 2007
Annual taxes $2,209 2025
Garage 2 spaces
$/sqft distribution

Where this listing sits in Rainbow Falls

Of 30 active residential listings in Rainbow Falls, this property at $336/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 · $336
Other active listings This listing's price range This listing

About this property

Welcome to this beautifully maintained END-UNIT townhouse offering over 1,800 sq ft of developed living space, including a fully finished walk-out basement. With 1,450+ sq ft above grade plus approximately 600 sq ft in the basement, this home is perfect for families, first-time buyers, or investors, combining comfort, functionality, and an excellent location. The bright open-concept main floor with 9-foot ceilings features a spacious living and dining area filled with natural light. The living room faces the park and fountain and boasts floor-to-ceiling windows, creating a beautiful and relaxing view. The well-appointed kitchen showcases dark cabinetry, a large pantry, an oversized island, and heated floors. A built-in central speaker system with amplifier adds the perfect touch for entertaining and everyday living. Upstairs you’ll find a primary bedroom with large sun-filled windows facing the front park, a walk-in closet with its own window, and a luxurious 5-piece ensuite with heated floors. A spacious second bedroom with large windows facing the backyard, along with a 4-piece bathroom, completes the upper level. The fully developed walk-out basement features a private entrance, full kitchen, and separate laundry (washer & dryer), offering excellent flexibility for extended family or additional living space. Additional highlights include a double attached garage with built-in organizing shelves, a clean and wide back alley, and the added privacy of an end-unit location. Ideally situated directly across from a park and water fountain, and within walking distance to grocery stores, banks, shops, pharmacy, gas station, restaurants, walking paths, and a family bike park. Schools are nearby, including one less than 250 metres away. Located just 3 minutes from Chestermere Boulevard, providing quick and convenient access to Calgary. Maintenance fees include condominium amenities, common area maintenance, and ground maintenance. A fantastic opportunity in a vibrant, family-friendly community.

Property details

Bedrooms3
Bathrooms4.0
Style2 Storey,Attached-Side by Side
HeatingENERGY STAR Qualified Equipment,Natural Gas
CoolingNone
FlooringCarpet,Laminate,Tile,Vinyl
LevelsTwo
BasementFull
Basement developmentFinished
Interior featuresCeiling Fan(s),Closet Organizers,High Ceilings,Kitchen Island,Laminate Counters,No Animal Home,No Smoking Home,Open Floorplan,Separate Entrance,Storage
AppliancesDishwasher,Dryer,Microwave Hood Fan,Refrigerator,Stove(s),Washer,Window Coverings
InclusionsCeiling Fan, 6 ceiling speaker + amplifier, Garage Door Opener (1) Basement : Electric Range, Refrigerator, Window blinds, hood Fan
LaundryIn Basement,In Hall,Multiple Locations
Lot featuresBack Lane,Lawn,Low Maintenance Landscape,No Neighbours Behind
Exterior featuresBalcony
FencingNone
PatioBalcony(s),Patio
Year built2007
Construction materialsVinyl Siding,Wood Frame,Wood Siding
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresDouble Garage Detached,Garage Door Opener,Garage Faces Rear
Garage spaces2
Parking total2
Annual taxes$2,209
Tax year2025
Possession30 Days / Neg,Negotiable
ZoningR-3 – Residential Multi-U
TitleFee Simple
RestrictionsBoard Approval,Pet Restrictions or Board approval Required,Restrictive Covenant,Utility Right Of Way
NeighbourhoodRainbow Falls
Community featuresPark,Playground,Pond,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights
List AORCalgary

Location

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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: Ko Realty Ltd. — Bhupinder Gill.