396 Rainbow Falls Way , Chestermere, Alberta

Residential For Sale in Chestermere, Alberta

$849,900

  • Property type Residential
    Property Type
  • Bedrooms 5
    Bedrooms
  • Bathrooms 4
    Bath
  • Garage 2
    Garage
  • Square feet 2,490
    Sq Ft
  • Year built 2005
    Year Built

Welcome to 396 Rainbow Falls Way, a beautifully maintained two-storey home offering a rare lifestyle opportunity in one of Chestermere’s sought-after canal communities. Set on a large pie-shaped lot with a sunny southwest-facing backyard, this property backs onto the pathway system, canal and green space, creating an exceptional setting for outdoor living, beautiful views and recreation just beyond your back gate. Enjoy canal-side walks, cycling, kayaking or paddleboarding just steps from home. From the moment you arrive, the home impresses with beautiful curb appeal, a covered front porch, Hardie Board siding and a well-maintained exterior. Inside, hardwood flooring welcomes you into an inviting layout. Just off the entry, French doors open to a dedicated main-floor office, ideal for working from home, while a separate main-floor bedroom offers flexibility for guests or family. A convenient two-piece bathroom completes this level. The heart of the home is the beautifully appointed kitchen, featuring quartz countertops, stainless steel appliances, under-cabinet lighting, ample prep space and a large island ideal for casual dining or entertaining. The kitchen flows into the dining area and spacious living room, where soaring open-to-above ceilings and expansive windows bring in natural light while framing the backyard views. A fireplace anchors the living space, making this impressive room equally inviting on quieter evenings. From the dining area, step onto the upper deck and down to the stamped-concrete covered patio, ideal for summer evenings, morning coffee or gatherings with friends. The expansive, private backyard offers room for children to play, gardening or simply soaking up the southwest sunshine, with greenery, pathways and the canal beyond. The deep lot offers space to spread out, while the open landscape behind the property adds to the peaceful, private setting. Upstairs, the primary retreat offers an abundance of space, a walk-in closet and a five-piece ensuite. Two additional generously sized bedrooms are complemented by a four-piece bathroom and separate laundry room with sink, adding convenience to the upper level. The fully finished basement extends the living space with a large recreation room, an additional bedroom, a four-piece bathroom, storage and utility space with plenty of flexibility for movie nights, hobbies or visiting family. In-floor heating adds comfort to the basement and oversized finished garage, both served by a new boiler. Additional highlights include two furnaces and two brand-new front windows. With nearly 2,500 square feet above grade, five bedrooms, a finished basement, an oversized heated garage and a southwest-facing backyard backing onto the canal, green space and pathways, this home offers an outstanding combination of space, comfort and lifestyle. Enjoy a walk or bike ride along the pathways, paddle toward the lake, or unwind in your own private outdoor retreat. 396 Rainbow Falls Way is a special place to call home.

Street Address: 396 Rainbow Falls Way
City: Chestermere
Province/State: Alberta
Postal Code: N/A
County/Parish: Chestermere
Subdivision: Rainbow Falls
Country: Canada
Latitude: 51.02018974
Longitude: -113.83084497

MLS® Number: A2354273
Price: $849,900
Property Area: 2,490 Sq ft
Bedrooms: 5
Bathrooms Half: 1
Bathrooms Full: 3
Living Area: 2,490 Sq ft
Building Area: 0 Sq ft
Year Built: 2005
Listing Date: Nov 01, 2026
Garage Spaces: 2
Property Type: Residential
Property Subtype: Detached
MLS Status: Active

Additional Details

Flooring: N/A
Construction: Cement Fiber Board
Parking: Double Garage Attached,Heated Garage,Insulated
Appliances: Central Air Conditioner,Dishwasher,Dryer,Electric Range,Garage Control(s),Microwave Hood Fan,Refrigerator,Washer,Water Softener,Window Coverings
Stories: N/A
Zoning: R-1
Fireplace: N/A
Amenities: Golf,Lake,Park,Playground,Pond,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights,Walking/Bike Paths

Utilities & Systems

Heating: Forced Air,Natural Gas
Cooling: Central Air

Property Type Residential
Building Type Detached
Square Footage 2,490 sqft
Community Name Rainbow Falls
Subdivision Name Rainbow Falls
Title Fee Simple
Land Size 6,862 sqft
Built in 2005
Annual Property Taxes Contact listing agent
Parking Type Garage
Time on MLS Listing 1 day

Bedrooms
Above Grade 4
Bathrooms
Total 4
Partial 1
Interior Features
Appliances Included Central Air Conditioner, Dishwasher, Dryer, Electric Range, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer, Water Softener, Window Coverings
Flooring Carpet, Hardwood
Building Features
Features Double Vanity, French Door, High Ceilings, Kitchen Island, Open Floorplan, Quartz Counters, Sump Pump(s)
Construction Material Cement Fiber Board
Structures Deck, Patio, Porch
Heating & Cooling
Cooling Central Air
Heating Type Forced Air, Natural Gas
Exterior Features
Exterior Finish Cement Fiber Board
Neighbourhood Features
Community Features Golf, Lake, Park, Playground, Pond, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Amenities Nearby Golf, Lake, Park, Playground, Pond, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Parking
Parking Type Garage
Total Parking Spaces 4

Interior Size
Total Finished Area: 2,490 sq ft
Total Finished Area (Metric): 231.33 sq m
Main Level: 1,214 sq ft
Upper Level: 1,276 sq ft
Below Grade: 1,136 sq ft
Room Count
Bedrooms: 5
Bathrooms: 4
Full Bathrooms: 3
Half Bathrooms: 1
Rooms Above Grade: 9
Lot Information
Lot Size: 6,862 sq ft
Lot Size (Acres): 0.16 acres
Frontage: 30 ft

  • Double Vanity
  • French Door
  • High Ceilings
  • Kitchen Island
  • Open Floorplan
  • Quartz Counters
  • Sump Pump(s)
  • BBQ gas line
  • Private Entrance
  • Private Yard
  • Central Air Conditioner
  • Dishwasher
  • Dryer
  • Electric Range
  • Garage Control(s)
  • Microwave Hood Fan
  • Refrigerator
  • Washer
  • Water Softener
  • Window Coverings
  • Full
  • Golf
  • Lake
  • Park
  • Playground
  • Pond
  • Schools Nearby
  • Shopping Nearby
  • Sidewalks
  • Street Lights
  • Walking/Bike Paths
  • Cement Fiber Board
  • Gas
  • Mantle
  • Stone
  • Poured Concrete
  • Back Yard
  • Backs on to Park/Green Space
  • Front Yard
  • No Back Lane
  • No Neighbours Behind
  • Pie Shaped Lot
  • Private
  • Treed
  • Double Garage Attached
  • Heated Garage
  • Insulated
  • Deck
  • Patio
  • Porch
  • Canal Access
  • Lake Access
  • Lake Privileges

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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REALTOR® Details

Adnan Ali Assaf