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Home Communities Rainbow Falls 237 Rainbow Falls Drive
$419,888 Sold
237 Rainbow Falls Drive · Chestermere · T1X0B1
3 bd 4.0 ba 1,409 sqft $298/sqft Built 2007
MLS® A2310660 · Listed May 12, 2026
Listed by RE/MAX First — Margarita Fox, Oleg Lutso
By the numbers

How this listing measures up

$/sqft $298
vs Rainbow Falls median -38% community avg $682K
Sqft per bedroom 470
Year built 2007
Annual taxes $2,345 2025
Garage 2 spaces
$/sqft distribution

Where this listing sits in Rainbow Falls

Of 30 active residential listings in Rainbow Falls, this property at $298/sqft sits in the $250–300 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 · $298
Other active listings This listing's price range This listing

About this property

Welcome to Rainbow Falls! This beautifully renovated WALK-OUT TOWNHOUSE offers a rare opportunity with a fully developed lower level featuring a private entrance, kitchenette, separate laundry, and third bedroom — ideal for extended family, guests, or added income potential. Offering over 2000 sq ft of developed living space, this move-in-ready home combines the comfort and a functional and versatile layout. FRESHLY PAINTED throughout with UPDATED FLOORING and NEW CARPET, the home feels bright and exceptionally well cared for. The main floor features an open-concept design filled with natural light from large windows, creating a warm and inviting atmosphere. The spacious living area is separated from the well-appointed kitchen, complete with dark cabinetry, light source, and ample storage — perfect for everyday living. Convenient main-level laundry adds to the home’s thoughtful design. Step outside onto the private BALCONY, an ideal space to enjoy your morning coffee or unwind in the evening. Upstairs, you’ll find two generously sized bedrooms, including a spacious primary retreat with its own ensuite and plenty of closet space in each. The DETACHED DOUBLE GARAGE provides secure parking for two vehicles. Ideally located close to parks, schools, walking paths, shopping, restaurants, and everyday amenities, this property also offers quick and convenient access to Calgary while allowing you to enjoy the charm and lifestyle of the Rainbow Falls community. A rare and versatile property that truly stands out in today’s market. Check it out!

Property details

Bedrooms3
Bathrooms4.0
Style2 Storey
HeatingForced Air,Natural Gas
CoolingNone
FlooringCarpet,Ceramic Tile,Vinyl Plank
LevelsTwo
BasementFull
Basement developmentFinished
Interior featuresCentral Vacuum,No Animal Home,No Smoking Home,Separate Entrance
AppliancesDishwasher,Electric Stove,Garage Control(s),Microwave,Refrigerator,Washer/Dryer,Washer/Dryer Stacked,Window Coverings
Inclusionsnone
LaundryIn Basement,Main Level,Multiple Locations
Lot featuresBack Lane
Exterior featuresBalcony
FencingNone
PatioBalcony(s)
Year built2007
Construction materialsBrick,Wood Frame,Wood Siding
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresDouble Garage Detached
Garage spaces2
Parking total2
Annual taxes$2,345
Tax year2025
PossessionNegotiable
ZoningR3
TitleFee Simple
RestrictionsPet Restrictions or Board approval Required
NeighbourhoodRainbow Falls
Community featuresPlayground,Schools Nearby,Shopping Nearby
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 First — Margarita Fox, Oleg Lutso.