161 Rainbow Falls Glen, Chestermere photo 1 of 491 / 49
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Rainbow Falls · Chestermere

161 Rainbow Falls Glen, Chestermere

$599,000

Rainbow Falls, Chestermere, Alberta T1X 0S5 · MLS® A2309616

5
Bedrooms
3.5
Bathrooms

3 full · 1 half

1,898
Sq ft above grade
$316
Per sq ft

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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