By the numbers
How this listing measures up
$/sqft
$576
vs Rainbow Falls median
+57%
community avg $682K
Sqft per bedroom
371
Year built
2006
Annual taxes
$5,632
2026
Garage
3 spaces
$/sqft distribution
Where this listing sits in Rainbow Falls
Of 30 active residential listings in Rainbow Falls,
this property at $576/sqft
sits in the $550–600 range.
Other active listings
This listing's price range
This listing
About this property
**OPEN HOUSE SAT JULY 18 12-2** WELCOME TO ONE OF THE MOST IMPRESSIVE WALKOUT BUNGALOWS TO HIT THE MARKET! Completely transformed from top to bottom, this exceptional 5 BEDROOM home offers 3,683 SQ.FT. OF LUXURIOUS LIVING SPACE and is perfectly positioned on a premium POND LOT with a SUNNY SOUTHWEST BACKYARD offering breathtaking views. Walkout bungalows of this size and quality are incredibly hard to find, making this a truly special opportunity.
Step inside and immediately appreciate the spectacular open-concept design highlighted by soaring 10-FOOT CEILINGS, built-in speakers, designer finishes and incredible pond views from the moment you walk through the door. The stunning chef's kitchen has been tastefully updated and is sure to impress with a massive centre island, GAS COOKTOP, premium appliances, beautiful custom cabinetry, Granite countertops, a Butler's Pantry that could easily be converted into a spice kitchen, plus a large walk-in pantry.
The spacious dining area flows seamlessly into the beautiful living room, creating the perfect space for entertaining family and friends. Step outside to the upper deck featuring Duradek flooring, a gazebo, gas BBQ hookup and spectacular views overlooking the pond.
The luxurious primary retreat is MASSIVE and designed for a KING-sized bedroom suite + offers direct access to the upper deck! The spacious WALK IN closet & lavish spa-inspired 5-piece ENSUITE featuring a custom tiled shower, two-person soaker tub and dual vanities. The main floor also features a 2nd bedroom, half bath & beautifully designed laundry room complete with custom cabinetry and a convenient dog wash station.
The fully finished WALKOUT BASEMENT is an entertainer's dream. Floor-to-ceiling windows w/ IN-FLOOR HEATING create a bright & comfortable space featuring a massive family room, games area, custom bar w/ full appliance package + an impressive wine cellar. 3 additional bedrooms (one currently used as a gym) provide room for the entire family. The luxurious bathroom features a walk-in STEAM shower, while a 2nd kitchen area offers excellent flexibility for extended family, multi-generational living or future income potential.
Outside, you'll fall in love with the professionally landscaped backyard featuring underground sprinklers, mature trees, a covered patio complete with HOT TUB & OUTDOOR TV, fire pit area and peaceful pond. Every outdoor space has been designed to maximize the incredible setting.
The OVERSIZED HEATED TRIPLE ATTACHED GARAGE is every homeowner's dream, offering incredible space for vehicles, toys and hobbies while also featuring a CUSTOM STORAGE LOFT that provides exceptional storage without sacrificing valuable garage space.
Additional features include IN-FLOOR HEAT WITH BOILER, central AIR CONDITIONING, built-in Gemstone exterior lighting and countless custom upgrades throughout.
THIS IS A RARE OPPORTUNITY TO OWN A FULLY RENOVATED WALKOUT BUNGALOW ON A POND THAT TRULY NEEDS TO BE SEEN TO BE APPRECIATED!
Property details
| Bedrooms | 5 |
| Bathrooms | 3.0 |
| Style | Bungalow |
| Heating | In Floor,Forced Air,Natural Gas |
| Cooling | Central Air |
| Flooring | Carpet,Ceramic Tile,Laminate |
| Levels | One |
| Basement | Full |
| Basement development | Finished |
| Interior features | Bookcases,Central Vacuum,Closet Organizers,Double Vanity,Granite Counters,High Ceilings,Kitchen Island,No Smoking Home,Open Floorplan,Pantry,Steam Room,Wired for Sound |
| Appliances | Built-In Gas Range,Built-In Oven,Central Air Conditioner,Dishwasher,Dryer,Garage Control(s),Garburator,Range Hood,Refrigerator,Washer |
| Inclusions | *Hot Tub*, Pool Table, gazebo, garage heater, All TV mounts, living room entertainment unit, built in soffit lights, wine room shelves. Basement: refrigerator, microwave, dishwasher, |
| Laundry | Laundry Room,Main Level |
| Lot size | 6749.00 sqft |
| Frontage | 57.22 ft |
| Lot features | Landscaped,Rectangular Lot,Views |
| Exterior features | Fire Pit |
| Fencing | Fenced |
| Patio | Deck,Front Porch,Patio |
| Year built | 2006 |
| Construction materials | Stone,Stucco,Wood Frame |
| Roof | Asphalt Shingle |
| Foundation | Poured Concrete |
| Parking features | Triple Garage Attached |
| Garage spaces | 3 |
| Parking total | 6 |
| Annual taxes | $5,632 |
| Tax year | 2026 |
| Possession | 30 Days / Neg |
| Zoning | R-1 |
| Title | Fee Simple |
| Restrictions | None Known |
| Neighbourhood | Rainbow Falls |
| Community features | Fishing,Golf,Lake,Park,Playground,Pond,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights,Walking/Bike Paths |
| 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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