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Home Communities Rainbow Falls 385 Rainbow Falls Way
$775,000 Sold
385 Rainbow Falls Way · Chestermere · T1X 1S6
3 bd 4.0 ba 2,449 sqft $316/sqft Built 2007
MLS® A2304494 · Listed Apr 30, 2026
Listed by eXp Realty — Justin Havre, Melissa Shelest
By the numbers

How this listing measures up

Value score Hot deal
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$/sqft $316
vs Rainbow Falls median +14% community avg $682K
Sqft per bedroom 816
Year built 2007
Annual taxes $4,379 2025
Garage 3 spaces
$/sqft distribution

Where this listing sits in Rainbow Falls

Of 30 active residential listings in Rainbow Falls, this property at $316/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 · $316
Other active listings This listing's price range This listing

About this property

OPEN HOUSE SATURDAY MAY 30, 2PM-4PM Substantially upgraded in 2024, this triple garage home, perfectly positioned on a bright corner lot, backing onto a peaceful walking path to a beautiful pond-is the one you have been waiting for! Designed with growing families in mind, this home offers the space, functionality, and quality finishes that make everyday living and entertaining effortless. From the moment you step into the spacious foyer, you’ll appreciate the care and investment that has gone into this home. A versatile front flex room provides the perfect space for a home office, study area, or formal sitting room. The main floor features 9-foot ceilings, new luxury plank flooring, fresh interior paint, and updated lighting and fixtures throughout, creating a warm yet elevated atmosphere. At the heart of the home is the fully renovated kitchen, truly a standout for families who love to cook and gather. Featuring full-height cabinetry, stainless steel appliances including a stunning gas range, and a highly desirable walkthrough pantry for added convenience and storage. The adjoining dining area comfortably fits a large table, ideal for hosting family meals and celebrations. The living room is both spacious and inviting, anchored by a beautifully updated gas fireplace. Large windows flood the home with natural light, enhanced by custom window coverings, while AC ensures comfort during warmer months. The main floor is completed by a 2-piece powder room and a functional mudroom with built-in bench, perfect for busy households. Upstairs, you’ll find fresh new carpet throughout. The primary suite is generously sized and offers a private retreat with a walk-in closet and a luxurious 5-piece ensuite featuring a relaxing jetted tub. Two additional bedrooms are well-sized for family living, and the convenient upper-level laundry includes newer washer and dryer. The bonus room is a true highlight, featuring vaulted ceilings, large bright windows, and a unique built-in office/study space. The partially finished basement offers an open layout with two large windows, providing incredible potential for future development to suit a larger family. Outside, the landscaped yard is designed for enjoyment, complete with a large deck featuring glass railing and hidden storage tucked underneath. The exterior stucco has been freshly painted with elegant stone accents adding to the home’s upscale appeal. The triple garage is a dream setup: heated, insulated, with new modern doors, cabinetry, bike racks and both hot and cold water taps. You cant miss the oversized driveway! With all the major upgrades already completed, including appliances, flooring, paint (interior and exterior), Garage doors, Hot water tank, lighting, and fixtures, this is a true turnkey home where the big-ticket items are done. Simply move in with time to enjoy the summer.

Property details

Bedrooms3
Bathrooms4.0
Style2 Storey
HeatingForced Air
CoolingCentral Air
FlooringCarpet,Tile,Vinyl Plank
LevelsTwo
BasementFull
Basement developmentPartially Finished
Interior featuresBathroom Rough-in,High Ceilings,Kitchen Island,No Animal Home,No Smoking Home,Open Floorplan,Pantry,See Remarks,Soaking Tub,Stone Counters,Vaulted Ceiling(s)
AppliancesDishwasher,Dryer,Gas Range,Microwave,Range Hood,Refrigerator,See Remarks,Washer,Window Coverings
InclusionsGarage Attached Shelving, Bike Racks, Garage Heater
LaundryUpper Level
Lot size6384.00 sqft
Frontage59.09 ft
Lot featuresBacks on to Park/Green Space,Corner Lot,No Back Lane,See Remarks,Views
Exterior featuresBBQ gas line,Storage
FencingFenced
PatioNone
Year built2007
Construction materialsStone,Stucco,Wood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresHeated Garage,Oversized,Triple Garage Attached
Garage spaces3
Parking total6
Annual taxes$4,379
Tax year2025
Possession30 Days / Neg,60 Days / Neg,Negotiable
ZoningR1
TitleFee Simple
RestrictionsNone Known
NeighbourhoodRainbow Falls
Community featuresLake,Pond,Schools Nearby,Shopping Nearby,Walking/Bike Paths
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: eXp Realty — Justin Havre, Melissa Shelest.