By the numbers
How this listing measures up
$/sqft
$509
vs Rainbow Falls median
+32%
community avg $680K
Sqft per bedroom
442
Year built
2007
Annual taxes
$4,815
2025
Garage
2 spaces
$/sqft distribution
Where this listing sits in Rainbow Falls
Of 30 active residential listings in Rainbow Falls,
this property at $509/sqft
sits in the $500–550 range.
Other active listings
This listing's price range
This listing
About this property
With almost 3,400 square feet of developed living space, this beautiful walkout bungalow has been thoughtfully designed to combine functionality with a true sense of luxury and elegance. From the moment you step into the spacious tiled front entrance, which seamlessly flows through to the practical rear entry with storage lockers, closets, and direct garage access, the home feels both beautiful and welcoming. The laundry room offers an abundance of storage, adding to the home’s exceptional practicality. Exotic hardwood flooring adds a timeless sophistication and perfectly complements the maple cabinetry found throughout the expansive chef’s kitchen. Designed to impress, the kitchen features premium grade granite countertops, an induction stove, a large island with seating for four, extensive pot drawers, a wine fridge, and a dedicated coffee bar. The adjoining eating nook includes matching built-ins, ideal for displaying formal dinnerware or treasured collectibles. Patio doors lead to the large rear deck, complete with vinyl decking and glass railing, allowing for unobstructed views of the pond and pathway system behind the home. The living room is warm and inviting, highlighted by large windows fitted with electric Hunter Douglas blinds and a stunning rock-faced gas fireplace that adds both comfort and ambiance. Elegant details continue throughout the home, including 9-foot ceilings, transom windows above passage doors, high baseboards, and Hunter Douglas blinds throughout, with electric controls on all major windows. The spacious primary suite is a luxurious retreat, featuring garden door access to the upper deck, a beautiful freestanding soaker tub, double shower, dual-sink ensuite, and a walk-in closet complete with California Closet organizers. A second bedroom and full bathroom complete the main level. A striking circular staircase leads to the fully developed lower level with in-floor heating. Here, you will find a large open area designed to accommodate a variety of interests and lifestyles. The family room features a second fireplace, while the expansive recreation area provides plenty of space for workout equipment, games tables, or entertaining. Two additional bedrooms and another full bathroom complete this level, along with extensive storage space and a cold room. The heated garage features durable epoxy flooring, while additional upgrades include storm doors on both the front and lower-level entrances, as well as Gemstone exterior lighting. Outside, the beautifully landscaped rear yard offers a peaceful and private setting with a cement and interlocking brick patio — the perfect place to relax and enjoy the tranquility of the pond and surrounding pathways.
Property details
| Bedrooms | 4 |
| Bathrooms | 3.0 |
| Style | Bungalow |
| Heating | In Floor,Forced Air,Natural Gas |
| Cooling | Central Air |
| Flooring | Carpet,Hardwood,Tile |
| Levels | One |
| Basement | Full |
| Basement development | Finished |
| Interior features | Bar,Built-in Features,Ceiling Fan(s),Central Vacuum,Closet Organizers,Double Vanity,French Door,Granite Counters,High Ceilings,Kitchen Island,Open Floorplan,Pantry,Recessed Lighting,Soaking Tub,Storage,Vinyl Windows,Walk-In Closet(s) |
| Appliances | Bar Fridge,Central Air Conditioner,Dishwasher,Dryer,Electric Stove,Microwave Hood Fan,Refrigerator,Washer,Window Coverings,Wine Refrigerator |
| Inclusions | Gas Heater in Garage, Freezer in Garage, 2nd Fridge in Garage, Shed |
| Laundry | Laundry Room,Main Level |
| Lot size | 6492.00 sqft |
| Frontage | 39.24 ft |
| Lot features | Backs on to Park/Green Space,Creek/River/Stream/Pond,Landscaped,Street Lighting,Underground Sprinklers,Waterfront |
| Exterior features | BBQ gas line,Garden,Private Entrance,Private Yard |
| Fencing | Fenced |
| Patio | Deck,Front Porch,Patio |
| Year built | 2007 |
| Construction materials | Concrete,Stone,Stucco |
| Roof | Asphalt Shingle |
| Foundation | Poured Concrete |
| Parking features | Double Garage Attached,Garage Door Opener,Garage Faces Front,Heated Garage,Insulated,Oversized |
| Garage spaces | 2 |
| Parking total | 4 |
| Annual taxes | $4,815 |
| Tax year | 2025 |
| Possession | Negotiable |
| Zoning | R-1 |
| Title | Fee Simple |
| Restrictions | Restrictive Covenant,Utility Right Of Way |
| Neighbourhood | Rainbow Falls |
| Community features | Fishing,Golf,Lake,Park,Playground,Pond,Schools Nearby,Shopping Nearby,Sidewalks,Walking/Bike Paths |
| List AOR | Calgary |
Location
Sold comparables in Rainbow Falls
22 recent sales in Rainbow Falls
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Sign up to see sold dataAbout Rainbow Falls
AI-generated summaryRainbow 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.
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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