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Home Communities Rainbow Falls 408 Rainbow Falls Way
$665,000 Active
408 Rainbow Falls Way · Chestermere · T1X 1S8
4 bd 4.0 ba 2,019 sqft $329/sqft Built 2005
MLS® A2307290 · Listed May 2, 2026
Listed by RE/MAX Key — Ria Mavrikos
By the numbers

How this listing measures up

Value score Hot deal
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$/sqft $329
vs Rainbow Falls median -3% community avg $682K
Sqft per bedroom 505
Year built 2005
Annual taxes $3,300 2025
Garage 2 spaces
$/sqft distribution

Where this listing sits in Rainbow Falls

Of 30 active residential listings in Rainbow Falls, this property at $329/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 · $329
Other active listings This listing's price range This listing

About this property

Welcome to Rainbow Falls in Chestermere. This well-maintained two-storey home backs directly onto scenic pathways—ideal for evening walks or weekend bike rides. The main floor offers an inviting open-concept layout with a cozy gas fireplace, a functional kitchen with ample cabinetry, and bright dining and living areas that feel warm and connected. Upstairs, you’ll find three comfortable bedrooms, including a spacious primary suite with a large ensuite and walk-in closet, along with a versatile bonus room perfect for relaxing, gaming, or family movie nights. The fully finished basement adds even more living space, featuring an additional bedroom and a half bathroom. Situated on a quiet street and showcasing beautifully landscaped outdoor space, this home is located in one of Chestermere’s most desirable neighbourhoods—offering a perfect blend of comfort and community.

Property details

Bedrooms4
Bathrooms4.0
Style2 Storey
HeatingCentral
CoolingCentral Air
FlooringCarpet,Ceramic Tile,Hardwood
LevelsTwo
BasementFull
Basement developmentFinished
Interior featuresBreakfast Bar,Central Vacuum,Open Floorplan,Pantry,See Remarks,Soaking Tub,Walk-In Closet(s)
AppliancesCentral Air Conditioner,Convection Oven,Dishwasher,Electric Cooktop,Electric Oven,Electric Range,Electric Stove,Freezer,Garage Control(s),Garburator,Microwave,Microwave Hood Fan,Refrigerator,Washer/Dryer,Window Coverings
Inclusionsn/a
LaundryLaundry Room,Main Level
Lot size513.00 sqft
Frontage13.9 ft
Lot featuresBack Lane,Back Yard,Front Yard,Landscaped,Lawn,See Remarks,Treed
Exterior featuresNone,Other
FencingFenced
PatioDeck,Front Porch,Patio,Rear Porch
Year built2005
Construction materialsStone,Vinyl Siding,Wood Frame
RoofAsphalt Shingle
FoundationWood
Parking featuresAdditional Parking,Double Garage Attached,Oversized
Garage spaces2
Parking total4
Annual taxes$3,300
Tax year2025
Possession15 Days / Neg,30 Days / Neg,Immediate,Negotiable
ZoningR-1
TitleFee Simple
RestrictionsNone Known
NeighbourhoodRainbow Falls
Community featuresClubhouse,Fishing,Golf,Lake,Park,Playground,Pond,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights,Tennis Court(s),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: RE/MAX Key — Ria Mavrikos.