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Home Communities Rainbow Falls 320 Rainbow Falls Drive
$414,900 Expired
320 Rainbow Falls Drive · Chestermere · T1X 0E4
2 bd 4.0 ba 1,394 sqft $298/sqft Built 2007
MLS® A2311396 · Listed May 15, 2026
Listed by 2% Realty — Derek Chevrefils
By the numbers

How this listing measures up

$/sqft $298
vs Rainbow Falls median -39% community avg $682K
Sqft per bedroom 697
Year built 2007
Annual taxes $2,284 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 320 Rainbow Falls Drive, a well-maintained, air-conditioned townhome with a fully finished walkout basement and double detached garage in a mature, highly convenient location. Offering 2 bedrooms, each with its own 4-piece ensuite, plus a full bathroom in the basement and a half bath on the main floor, this fully developed home delivers excellent value and functionality. Step inside to 9 ft ceilings throughout the main level and a spacious living room that flows into the sun-filled, southwest-facing kitchen and dining area. The kitchen features an island, pantry, and stainless steel appliances, with access to the balcony overlooking the backyard with no neighbours directly behind. Upstairs, you’ll find two generously sized bedrooms with private ensuite bathrooms, including a primary bedroom with a walk-in closet. The fully developed walkout basement adds even more flexible living space with a massive rec room, full bathroom, spacious laundry room, and direct access to the backyard leading to the double detached garage. Facing green space and located just steps from the Chestermere Business Park, this home is walking distance to grocery, pharmacy, restaurants, gas, schools, parks, pathways, and close to major routes in and out of Chestermere.

Property details

Bedrooms2
Bathrooms4.0
Style2 Storey
HeatingForced Air
CoolingCentral Air
FlooringCarpet,Laminate,Linoleum
LevelsTwo
BasementFull
Basement developmentFinished
Interior featuresCentral Vacuum,High Ceilings,Kitchen Island,No Animal Home,No Smoking Home,Pantry,Storage,Vinyl Windows,Walk-In Closet(s)
AppliancesCentral Air Conditioner,Dishwasher,Dryer,Electric Stove,Microwave Hood Fan,Refrigerator,Washer,Window Coverings
InclusionsN/A
LaundryIn Basement,Laundry Room,Lower Level
Lot featuresBack Lane,Back Yard,Few Trees,Landscaped,Lawn,No Neighbours Behind
Exterior featuresBalcony,Private Entrance,Private Yard
FencingNone
PatioBalcony(s),Patio
Year built2007
Construction materialsConcrete,Wood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresDouble Garage Detached
Garage spaces2
Parking total2
Annual taxes$2,284
Tax year2025
Possession15 Days / Neg,30 Days / Neg,Immediate
ZoningR-3
TitleFee Simple
RestrictionsPet Restrictions or Board approval Required,Pets Allowed,Utility Right Of Way
NeighbourhoodRainbow Falls
Community featuresFishing,Lake,Park,Playground,Pond,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights,Walking/Bike Paths
List AORCalgary

Location

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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: 2% Realty — Derek Chevrefils.