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Home Communities Rainbow Falls 248 Cascades Pass
$340,000 Sold
248 Cascades Pass · Chestermere · T1X 0K8
3 bd 3.0 ba 1,212 sqft $280/sqft Built 2010
MLS® A2314161 · Listed May 23, 2026
Listed by CIR Realty — Corinne Watson
By the numbers

How this listing measures up

Value score Hot deal
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$/sqft $280
vs Rainbow Falls median -50% community avg $682K
Sqft per bedroom 404
Year built 2010
Annual taxes $1,930 2025
Rainbow Falls avg DOM 38d
$/sqft distribution

Where this listing sits in Rainbow Falls

Of 30 active residential listings in Rainbow Falls, this property at $280/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 · $280
Other active listings This listing's price range This listing

About this property

Located in the popular community of Rainbow Falls, this end-unit townhome offers a comfortable layout, useful updates, and a great setting within the complex. Tucked away from street traffic and positioned across from green space and a dog park, the home has cozy curb appeal with a covered porch to enjoy. Inside, the main floor features an open-concept layout with hardwood flooring, good natural light, and an easy connection between the living room, dining area, and kitchen. The kitchen includes cherry cabinetry, stainless steel appliances and a counter-height island with seating. Just off the kitchen, the large private rear deck overlooks the expansive courtyard and green space beyond, creating a charming outdoor extension of the home with space for a barbecue, patio seating, and standalone planters or garden boxes for those who like to grow a little something of their own. It is the kind of spot made for morning coffee, or quiet evenings with a peaceful view over the courtyard. Upstairs, the primary bedroom includes a 4-piece ensuite, while two additional bedrooms and another full bathroom complete the upper level. The basement is partially finished with updated flooring, providing additional usable space along with room for storage or future development. Recent updates include a newer furnace, new blinds throughout, updated basement flooring, and replaced overhead light fixtures on the main and upper levels. With walking paths, ponds, canals, the waterfall, schools, parks, shops, restaurants, and everyday amenities nearby, this is a great opportunity to get into Rainbow Falls and enjoy a well-located home with room to make it your own.

Property details

Bedrooms3
Bathrooms3.0
Style2 Storey
HeatingForced Air
CoolingNone
FlooringCarpet,Hardwood,Linoleum
LevelsTwo
BasementFull
Basement developmentPartially Finished
Interior featuresBreakfast Bar,Kitchen Island,Open Floorplan,Storage
AppliancesDishwasher,Dryer,Electric Stove,Microwave Hood Fan,Refrigerator,Washer,Window Coverings
InclusionsNone
LaundryIn Basement
Lot featuresBacks on to Park/Green Space,Close to Clubhouse,Low Maintenance Landscape,Street Lighting
Exterior featuresBalcony,Uncovered Courtyard
FencingNone
PatioBalcony(s),Front Porch
Year built2010
Construction materialsWood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresStall
Parking total1
Annual taxes$1,930
Tax year2025
PossessionNegotiable
ZoningR-3
TitleFee Simple
RestrictionsEasement Registered On Title,See Remarks,Utility Right Of Way
NeighbourhoodRainbow Falls
Community featuresGolf,Lake,Park,Playground,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights,Walking/Bike Paths
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: CIR Realty — Corinne Watson.