Calgary Real Estate Geek
Home Communities Rainbow Falls 308 Rainbow Falls Way
$1,099,900 Sold
308 Rainbow Falls Way · Chestermere · T1X 1W5
5 bd 5.0 ba 2,900 sqft $379/sqft Built 2014
MLS® A2304799 · Listed May 8, 2026
Listed by RE/MAX First — Jesse Bydevaate
By the numbers

How this listing measures up

$/sqft $379
vs Rainbow Falls median +61% community avg $682K
Sqft per bedroom 580
Year built 2014
Annual taxes $5,988 2024
Garage 3 spaces
$/sqft distribution

Where this listing sits in Rainbow Falls

Of 30 active residential listings in Rainbow Falls, this property at $379/sqft sits in the $350–400 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 · $379
Other active listings This listing's price range This listing

About this property

Welcome home to 308 Rainbow Falls Way! This custom built home offers over 3900 SF of living space over 3 levels and has upgrades done through out; such as the original floor plan being extended by 3 feet, plumbing upgrades, spray foam insulation to rim joist, upgraded electrical panel and upgraded granite counters through out, just to name a few. The main floor boasts of hardwood flooring and has an excellent floorplan for family life featuring a front flex room - perfect for a home office and living room with cozy fireplace open to the kitchen and dining area great for entertaining. The custom kitchen is a chef's dream with a extra large central island and seating, petrified wood granite counters, stainless steel appliances, an abundance of cabinets, plus the dining area with access to your south facing balcony overlooking the green space and the canal walkways. There is a walk thru pantry and 2 piece bath to complete this level. The open riser staircase leads to the upper level where you will find the family room with vaulted ceilings, the primary suite with warm cork floors with upgraded subflooring and a massive walk-in closet with custom organizers by Home Solutions , and spa like ensuite with double vanities, soaker tub and separate shower. There are also 2 good sized bedrooms, the main bath and laundry room. The walk-out basement is fully finished and offers a large rec room, 4 piece bath and 2 more bedrooms, one which has an ensuite - perfect for guests. From the rec room you have direct access to the patio and your fully fenced private south facing back yard with relaxing views of the greenspace and canal. There are 2 custom built sheds by Shed Solutions for all your gardening needs. The attached 3 car garage has custom shelving and provides plenty of parking for you and your guests. You are just steps away from the pathways leading to Rainbow Falls pond and Chestermere Lake. Don't miss out on this great family home located within an easy commute of downtown Calgary and great access to major thoroughfares!

Property details

Bedrooms5
Bathrooms5.0
Style2 Storey
HeatingForced Air
CoolingCentral Air
FlooringCarpet,Ceramic Tile,Hardwood,Laminate,Other
LevelsTwo
BasementFull
Basement developmentFinished
Interior featuresBreakfast Bar,Built-in Features,Double Vanity,Granite Counters,High Ceilings,Kitchen Island,Open Floorplan,Pantry,Soaking Tub,Storage,Vaulted Ceiling(s),Walk-In Closet(s)
AppliancesCentral Air Conditioner,Dishwasher,Dryer,Electric Cooktop,Oven-Built-In,Range Hood,Refrigerator,Washer
Inclusionsgarage controls, all window coverings
LaundryUpper Level
Lot size6181.00 sqft
Frontage50 ft
Lot featuresBack Yard,Front Yard,Landscaped,Lawn,Rectangular Lot,Waterfront
Exterior featuresBalcony,Other
FencingFenced
PatioBalcony(s),Patio
Year built2014
Construction materialsSee Remarks,Stone,Wood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresDriveway,Garage Faces Front,Triple Garage Attached
Garage spaces3
Parking total3
Annual taxes$5,988
Tax year2024
PossessionNegotiable
ZoningR-1
TitleFee Simple
RestrictionsNone Known
NeighbourhoodRainbow Falls
Community featuresLake,Park,Playground,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights,Walking/Bike Paths
List AORCalgary

Location

Sold comparables in Rainbow Falls

22 recent sales in Rainbow Falls

VOW members see sold prices, sold dates, and full comparable details. Free registration; takes 30 seconds.

Sign up to see sold data

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.

Browse Calgary homes by feature

Heritage & Character Homes New Construction Homes Character Homes Homes Near C-Train Legal Suite Homes Backing Onto Park EV Charging Homes Hot Tub Homes River Homes Walkout Basements Luxury Homes Triple Car Garage Just Listed

Similar listings in Rainbow Falls

Listed by: RE/MAX First — Jesse Bydevaate.