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.
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
| Bedrooms | 3 |
| Bathrooms | 4.0 |
| Style | 2 Storey |
| Heating | Forced Air,Natural Gas |
| Cooling | None |
| Flooring | Carpet,Ceramic Tile,Vinyl Plank |
| Levels | Two |
| Basement | Full |
| Basement development | Finished |
| Interior features | Central Vacuum,No Animal Home,No Smoking Home,Separate Entrance |
| Appliances | Dishwasher,Electric Stove,Garage Control(s),Microwave,Refrigerator,Washer/Dryer,Washer/Dryer Stacked,Window Coverings |
| Inclusions | none |
| Laundry | In Basement,Main Level,Multiple Locations |
| Lot features | Back Lane |
| Exterior features | Balcony |
| Fencing | None |
| Patio | Balcony(s) |
| Year built | 2007 |
| Construction materials | Brick,Wood Frame,Wood Siding |
| Roof | Asphalt Shingle |
| Foundation | Poured Concrete |
| Parking features | Double Garage Detached |
| Garage spaces | 2 |
| Parking total | 2 |
| Annual taxes | $2,345 |
| Tax year | 2025 |
| Possession | Negotiable |
| Zoning | R3 |
| Title | Fee Simple |
| Restrictions | Pet Restrictions or Board approval Required |
| Neighbourhood | Rainbow Falls |
| Community features | Playground,Schools Nearby,Shopping Nearby |
| 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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