Calgary Real Estate Geek
Home Communities Rainbow Falls 161 Rainbow Falls Glen
$639,000 Active
161 Rainbow Falls Glen · Chestermere · T1X 0S5
5 bd 4.0 ba 1,898 sqft $337/sqft Built 2014
MLS® A2309616 · Listed May 8, 2026
Listed by Stonemere Real Estate Solutions — Phuong Trang
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.
$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 · $337
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

Bedrooms5
Bathrooms4.0
Style2 Storey
HeatingFireplace(s),Forced Air
CoolingCentral Air
FlooringCarpet,Hardwood,Tile
LevelsTwo
BasementFull
Basement developmentFinished
Interior featuresDouble Vanity,Kitchen Island,Low Flow Plumbing Fixtures,No Animal Home,No Smoking Home,Open Floorplan,Stone Counters,Walk-In Closet(s)
AppliancesCentral Air Conditioner,Dishwasher,Dryer,Electric Stove,Garage Control(s),Microwave,Microwave Hood Fan,Refrigerator,Washer,Window Coverings
Inclusionsnone
LaundryElectric Dryer Hookup,Upper Level,Washer Hookup
Lot size5513.00 sqft
Frontage51 ft
Lot featuresBack Lane,Back Yard,Landscaped,Rectangular Lot,Street Lighting,Treed
Exterior featuresPrivate Entrance,Private Yard
FencingFenced
PatioDeck,Front Porch
Year built2014
Construction materialsConcrete,Mixed,Vinyl Siding,Wood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresDouble Garage Detached
Garage spaces2
Parking total4
Annual taxes$3,588
Tax year2025
Possession60 Days / Neg
ZoningR1
TitleFee Simple
RestrictionsNone Known
NeighbourhoodRainbow Falls
Community featuresGolf,Lake,Park,Playground,Pond,Schools Nearby,Shopping Nearby,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: Stonemere Real Estate Solutions — Phuong Trang.