161 Rainbow Falls Glen , Chestermere, Alberta

Residential For Sale in Chestermere, Alberta

$659,000

  • Residential
    Property Type
  • 5
    Bedrooms
  • 4
    Bath
  • 2
    Garage
  • 1,898
    Sq Ft
  • 2014
    Year Built

This home is finally ready to sell. TURN-KEY and packed with potential, this beautifully maintained home in the heart of Chestermere offers the perfect opportunity to live comfortably while creating future rental income. With almost 1,900 SQ FT above grade plus a builder-finished basement with separate rear access, this property is ideal for buyers looking for a “live up, rent down” setup. Welcoming you in is a charming front veranda and bright open-concept main floor featuring large windows, hardwood flooring throughout the main and second level, and a spacious living room with double-sided fireplace connecting to the dining area. The kitchen is designed for both function and style with granite countertops, tiled backsplash, stainless steel appliances, huge island, corner pantry, and plenty of cabinetry. A functional mudroom leads to the oversized detached garage, and central A/C (as is) keeps the home comfortable all summer long. Upstairs features a bonus room, upper-floor laundry, and 3 generous bedrooms including a spacious primary retreat with walk-in closet and ensuite featuring dual vanities. The fully finished builder-completed basement adds major value with 2 additional bedrooms with egress windows, a full 3-piece bathroom, large family room, and separate back entrance access making it an incredible opportunity for future legal suite development subject to approval and permitting by the city/municipality, multi-generational living, or mortgage-helping rental income. Outside, enjoy the large deck, fenced yard, mature trees, and beautiful perennials on this wide 50’ lot. Located just steps from scenic walking paths, ponds, waterfalls, canals, schools, and parks in one of Chestermere’s most family-friendly communities. A move-in ready home with flexibility, functionality, and income potential — this is one you don’t want to miss.

Street Address: 161 Rainbow Falls Glen
City: Chestermere
Province/State: Alberta
Postal Code: N/A
County/Parish: Chestermere
Subdivision: Rainbow Falls
Country: Canada
Latitude: 51.02213930
Longitude: -113.83696400

MLS® Number: A2309616
Price: $659,000
Property Area: 1,898 Sq ft
Bedrooms: 5
Bathrooms Half: 1
Bathrooms Full: 3
Living Area: 1,898 Sq ft
Building Area: 0 Sq ft
Year Built: 2014
Listing Date: May 08, 2026
Garage Spaces: 2
Property Type: Residential
Property Subtype: Detached
MLS Status: Active

Additional Details

Flooring: N/A
Construction: Concrete,Mixed,Vinyl Siding,Wood Frame
Parking: Double Garage Detached
Appliances: Central Air Conditioner,Dishwasher,Dryer,Electric Stove,Garage Control(s),Microwave,Microwave Hood Fan,Refrigerator,Washer,Window Coverings
Stories: N/A
Zoning: R1
Fireplace: N/A
Amenities: Golf,Lake,Park,Playground,Pond,Schools Nearby,Shopping Nearby,Walking/Bike Paths

Utilities & Systems

Heating: Fireplace(s),Forced Air
Cooling: Central Air

Property Type Residential
Building Type Detached
Square Footage 1,898 sqft
Community Name Rainbow Falls
Subdivision Name Rainbow Falls
Title Fee Simple
Land Size 5,513 sqft
Built in 2014
Annual Property Taxes Contact listing agent
Parking Type Garage
Time on MLS Listing 31 days

Bedrooms
Above Grade 3
Bathrooms
Total 4
Partial 1
Interior Features
Appliances Included Central Air Conditioner, Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
Flooring Carpet, Hardwood, Tile
Building Features
Features Double Vanity, Kitchen Island, Low Flow Plumbing Fixtures, No Animal Home, No Smoking Home, Open Floorplan, Stone Counters, Walk-In Closet(s)
Construction Material Concrete, Mixed, Vinyl Siding, Wood Frame
Structures Deck, Front Porch
Heating & Cooling
Cooling Central Air
Heating Type Fireplace(s), Forced Air
Exterior Features
Exterior Finish Concrete, Mixed, Vinyl Siding, Wood Frame
Neighbourhood Features
Community Features Golf, Lake, Park, Playground, Pond, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Amenities Nearby Golf, Lake, Park, Playground, Pond, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Parking
Parking Type Garage
Total Parking Spaces 4

Interior Size
Total Finished Area: 1,898 sq ft
Total Finished Area (Metric): 176.33 sq m
Room Count
Bedrooms: 5
Bathrooms: 4
Full Bathrooms: 3
Half Bathrooms: 1
Rooms Above Grade: 8
Lot Information
Lot Size: 5,513 sq ft
Lot Size (Acres): 0.13 acres
Frontage: 51 ft

  • Double Vanity
  • Kitchen Island
  • Low Flow Plumbing Fixtures
  • No Animal Home
  • No Smoking Home
  • Open Floorplan
  • Stone Counters
  • Walk-In Closet(s)
  • Private Entrance
  • Private Yard
  • Central Air Conditioner
  • Dishwasher
  • Dryer
  • Electric Stove
  • Garage Control(s)
  • Microwave
  • Microwave Hood Fan
  • Refrigerator
  • Washer
  • Window Coverings
  • Full
  • Golf
  • Lake
  • Park
  • Playground
  • Pond
  • Schools Nearby
  • Shopping Nearby
  • Walking/Bike Paths
  • Concrete
  • Mixed
  • Vinyl Siding
  • Wood Frame
  • Double Sided
  • Gas
  • Living Room
  • Poured Concrete
  • Back Lane
  • Back Yard
  • Landscaped
  • Rectangular Lot
  • Street Lighting
  • Treed
  • Double Garage Detached
  • Deck
  • Front Porch

Floor plan information is not available for this property.

Monthly Payment Breakdown
Principal & Interest: $0
Property Tax: $0
Home Insurance: $0
HOA Fees: $0
PMI: $0

Total Monthly Payment: $0
Chart Mortgage:

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