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Home Communities Rainbow Falls 494 Rainbow Falls Drive
$499,900 Sold
494 Rainbow Falls Drive · Chestermere · T1X 0N4
3 bd 3.0 ba 1,832 sqft $273/sqft Built 2012
MLS® A2295255 · Listed Mar 20, 2026
Listed by CMS Real Estate Ltd. — Gerry MacDonald
By the numbers

How this listing measures up

$/sqft $273
vs Rainbow Falls median -27% community avg $682K
Sqft per bedroom 611
Year built 2012
Annual taxes $2,373 2025
Garage 2 spaces
$/sqft distribution

Where this listing sits in Rainbow Falls

Of 30 active residential listings in Rainbow Falls, this property at $273/sqft sits in the $250–300 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 · $273
Other active listings This listing's price range This listing

About this property

One of the largest Brownstones and NO CONDO FEES. This home has been beautifully cared for and the pride of ownership shines through. The open-concept main floor is flooded with natural light and showcases high-end finishes, clean lines, and a thoughtfully designed layout ideal for both everyday living and entertaining. Upstairs, you’ll find a generous primary retreat complete with a private ensuite, along with two additional well-sized bedrooms and a full bath.

Property details

Bedrooms3
Bathrooms3.0
Style2 Storey
HeatingForced Air,Natural Gas
CoolingCentral Air
FlooringCarpet,Hardwood,Tile
LevelsTwo
BasementFull
Basement developmentUnfinished
Interior featuresGranite Counters,High Ceilings,Kitchen Island,No Smoking Home,Open Floorplan,Walk-In Closet(s)
AppliancesCentral Air Conditioner,Dishwasher,Dryer,Garage Control(s),Microwave,Oven,Refrigerator,Washer
InclusionsNA
LaundryLaundry Room
Lot size2950.00 sqft
Frontage60 ft
Lot featuresBack Lane,Front Yard,Landscaped
Exterior featuresNone
FencingFenced
PatioNone
Year built2012
Construction materialsBrick,Stucco,Wood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresDouble Garage Detached
Garage spaces2
Parking total2
Annual taxes$2,373
Tax year2025
Possession30 Days / Neg,Negotiable
ZoningR-3
TitleFee Simple
RestrictionsNone Known
NeighbourhoodRainbow Falls
Community featuresFishing,Golf,Lake,Park,Playground,Pond,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights,Walking/Bike Paths
List AORCalgary

Location

Sold comparables in Rainbow Falls

22 recent sales 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: CMS Real Estate Ltd. — Gerry MacDonald.