By the numbers
How this listing measures up
$/sqft
$337
vs Rainbow Falls median
-6%
community avg $682K
Sqft per bedroom
380
Year built
2014
Annual taxes
$3,588
2025
Garage
2 spaces
$/sqft distribution
Where this listing sits in Rainbow Falls
Of 30 active residential listings in Rainbow Falls,
this property at $337/sqft
sits in the $300–350 range.
Other active listings
This listing's price range
This listing
About this property
This home is finally ready to sell. TURN-KEY and packed with potential, this beautifully maintained home in the heart of Chestermere offers the perfect opportunity to live comfortably while creating future rental income. With almost 1,900 SQ FT above grade plus a builder-finished basement with separate rear access, this property is ideal for buyers looking for a “live up, rent down” setup.
Welcoming you in is a charming front veranda and bright open-concept main floor featuring large windows, hardwood flooring throughout the main and second level, and a spacious living room with double-sided fireplace connecting to the dining area. The kitchen is designed for both function and style with granite countertops, tiled backsplash, stainless steel appliances, huge island, corner pantry, and plenty of cabinetry. A functional mudroom leads to the oversized detached garage, and central A/C (as is) keeps the home comfortable all summer long.
Upstairs features a bonus room, upper-floor laundry, and 3 generous bedrooms including a spacious primary retreat with walk-in closet and ensuite featuring dual vanities.
The fully finished builder-completed basement adds major value with 2 additional bedrooms with egress windows, a full 3-piece bathroom, large family room, and separate back entrance access making it an incredible opportunity for future legal suite development subject to approval and permitting by the city/municipality, multi-generational living, or mortgage-helping rental income.
Outside, enjoy the large deck, fenced yard, mature trees, and beautiful perennials on this wide 50’ lot. Located just steps from scenic walking paths, ponds, waterfalls, canals, schools, and parks in one of Chestermere’s most family-friendly communities.
A move-in ready home with flexibility, functionality, and income potential — this is one you don’t want to miss.
Property details
| Bedrooms | 5 |
| Bathrooms | 4.0 |
| Style | 2 Storey |
| Heating | Fireplace(s),Forced Air |
| Cooling | Central Air |
| Flooring | Carpet,Hardwood,Tile |
| Levels | Two |
| Basement | Full |
| Basement development | Finished |
| Interior features | Double Vanity,Kitchen Island,Low Flow Plumbing Fixtures,No Animal Home,No Smoking Home,Open Floorplan,Stone Counters,Walk-In Closet(s) |
| Appliances | Central Air Conditioner,Dishwasher,Dryer,Electric Stove,Garage Control(s),Microwave,Microwave Hood Fan,Refrigerator,Washer,Window Coverings |
| Inclusions | none |
| Laundry | Electric Dryer Hookup,Upper Level,Washer Hookup |
| Lot size | 5513.00 sqft |
| Frontage | 51 ft |
| Lot features | Back Lane,Back Yard,Landscaped,Rectangular Lot,Street Lighting,Treed |
| Exterior features | Private Entrance,Private Yard |
| Fencing | Fenced |
| Patio | Deck,Front Porch |
| Year built | 2014 |
| Construction materials | Concrete,Mixed,Vinyl Siding,Wood Frame |
| Roof | Asphalt Shingle |
| Foundation | Poured Concrete |
| Parking features | Double Garage Detached |
| Garage spaces | 2 |
| Parking total | 4 |
| Annual taxes | $3,588 |
| Tax year | 2025 |
| Possession | 60 Days / Neg |
| Zoning | R1 |
| Title | Fee Simple |
| Restrictions | None Known |
| Neighbourhood | Rainbow Falls |
| Community features | Golf,Lake,Park,Playground,Pond,Schools Nearby,Shopping Nearby,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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