1 / 49Rainbow Falls · Chestermere
161 Rainbow Falls Glen, Chestermere
$599,000
Rainbow Falls, Chestermere, Alberta T1X 0S5 · MLS® A2309616
- 5
- Bedrooms
- 3.5
- Bathrooms
- 1,898
- Sq ft above grade
- $316
- Per sq ft
3 full · 1 half
About This Property
Built in 2014, this home is packed with potential. At 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.
Property Details
Interior
- Bedrooms
- 5
- Bathrooms
- 3 full · 1 half
- Ensuite bathrooms
- 1
- Rooms above grade
- 8
- Above grade
- 1,898 sq ft
- Total finished
- 1,898 sq ft
- Basement
- Full · Finished
- Fireplaces
- 1 fireplace
- Laundry
- Electric Dryer Hookup, Upper Level, Washer Hookup
Interior features
- Double Vanity
- Kitchen Island
- Low Flow Plumbing Fixtures
- No Animal Home
- No Smoking Home
- Open Floorplan
- Stone Counters
- Walk-In Closet(s)
Flooring
- Carpet
- Hardwood
- Tile
Fireplace
- Double Sided
- Gas
- Living Room
Building
- Property type
- Detached
- Structure
- House
- Style
- 2 Storey
- Levels
- Two
- Year built
- 2014
- Front exposure
- S
Construction
- Concrete
- Mixed
- Vinyl Siding
- Wood Frame
Roof
- Asphalt Shingle
Foundation
- Poured Concrete
Heating, cooling & services
- Heating
- Fireplace(s), Forced Air
- Cooling
- Central Air
Parking
- Garage
- Double Garage Detached · 2 spaces
- Garage size
- 22`10" x 23`6"
- Total parking
- 4 spaces
Lot & outdoors
- Lot size
- 5,513 sq ft
- Acreage
- 0.13 acres
- Frontage
- 51 ft
- Fencing
- Fenced
Lot features
- Back Lane
- Back Yard
- Landscaped
- Rectangular Lot
- Street Lighting
- Treed
Outdoor living
- Deck
- Front Porch
Exterior features
- Private Entrance
- Private Yard
In the community
- Golf
- Lake
- Park
- Playground
- Pond
- Schools Nearby
- Shopping Nearby
- Walking/Bike Paths
Costs & ownership
- Annual property tax
- $3,588 (2025)
- Title
- Fee Simple
- Ownership
- Private
- Zoning
- R1
- Restrictions
- None Known
Listing & availability
- MLS® number
- A2309616
- Listed
- May 8, 2026
- Days on market
- 129
- Possession
- 30 Days / Neg
- Listing office
- Stonemere Real Estate Solutions
Included in the sale
Appliances: Central Air Conditioner, Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
Inclusions are as advertised by the listing brokerage and are confirmed in the purchase contract, not here.
Selling
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