268 Rainbow Falls Way, Chestermere photo 1 of 491 / 49
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Rainbow Falls · Chestermere

268 Rainbow Falls Way, Chestermere

$999,900

Rainbow Falls, Chestermere, Alberta T1X 0T1 · MLS® A2336303

5
Bedrooms
3.5
Bathrooms

3 full · 1 half

2,393
Sq ft above grade

+905 below

$418
Per sq ft

About This Property

LIKE-NEW, CANAL-FRONT HOME WITH A WALK-OUT ILLEGAL BASEMENT SUITE, SUNNY SOUTH BACKYARD & TRIPLE ATTACHED GARAGE IN CHESTERMERE. Backing directly onto a quiet canal w/ no neighbours behind, this exceptional home offers 5 bedrooms, 3.5 bathrooms, a fully developed walk-out illegal basement suite, triple attached garage w/ workshop space, elevator access to the basement, and 3 South-facing outdoor patios. The home welcomes you with a bright, modern interior featuring contemporary white finishes and durable hard-surface flooring throughout the above-grade living spaces. A spacious foyer opens naturally into the main level and above. The spacious living room is centred around a gas fireplace with stone surround and flows into the kitchen, complete w/ granite countertops, stainless steel appliances, gas cooktop, extensive cabinetry, and a walk-through pantry w/ direct access to the garage. The dining area overlooks the sunny South-facing backyard and canal. Sliding doors lead to a large rear deck w/ a gas BBQ line and uninterrupted views across the canal and fields beyond. A dedicated laundry room w/ side-by-side washer and dryer and built-in storage, plus a powder room. The main level also provides a full enclosed office for work-from-home days. Upstairs, 4 generously sized bedrooms are complemented by a large bonus room with its own fireplace. The private primary suite overlooks the canal and features a sunny South-facing balcony, a large walk-in closet, and a 4-pc ensuite, a drop-in soaker tub, a separate shower, and a private water closet. Three additional bedrooms share a full 4-pc bathroom w/ tub/shower combination. An elevator provides convenient access to the fully developed walk-out basement, configured as an illegal suite. Oversized windows bring abundant natural light into the lower level, which features a spacious recreation room overlooking the South-facing concrete patio and canal, and a full kitchen with granite countertops. The large bedroom features oversized windows overlooking the sunny South backyard and a full 4-pc bathroom. Walk-out access leads directly to the fully fenced backyard, complete with tiered garden areas and a dedicated pet area. The canal frontage and lack of rear neighbours create an exceptional sense of privacy. The triple attached garage offers excellent parking and storage, along with a dedicated workshop area for projects and equipment. Central air conditioning provides year-round comfort. Located in Chestermere, residents enjoy easy access to Chestermere Lake, parks, pathways, playgrounds, schools, shopping, restaurants, and everyday services. Highway 1 provides convenient access to Calgary while allowing you to enjoy the privacy and quieter setting of canal-front living. *VISIT MULTIMEDIA LINK FOR FULL DETAILS INCLUDING A FLOORPLAN AND VIRTUAL TOUR*

Secondary suite: 1 illegal suite

Location: Suite Attached/Within Primary Dwelling

Basement

An illegal suite is not registered with the city. It can affect insurance, financing and what you may legally rent out — ask before writing an offer.

Property Details

Interior

Bedrooms
5
Bathrooms
3 full · 1 half
Ensuite bathrooms
1
Rooms above grade
9
Above grade
2,393 sq ft
Main level
1,049 sq ft
Upper level
1,344 sq ft
Finished below grade
905 sq ft
Total finished
3,298 sq ft
Basement
Full · Finished
Fireplaces
2 fireplaces
Laundry
In Basement, Main Level

Interior features

  • Breakfast Bar
  • Built-in Features
  • Closet Organizers
  • Elevator
  • Granite Counters
  • Kitchen Island
  • Pantry
  • Soaking Tub
  • Storage
  • Walk-In Closet(s)

Flooring

  • Carpet
  • Tile
  • Vinyl Plank

Fireplace

  • Electric
  • Family Room
  • Gas
  • Great Room

Building

Property type
Detached
Structure
House
Style
2 Storey
Levels
Two
Year built
2014
Front exposure
N

Construction

  • Concrete
  • Mixed
  • Vinyl Siding
  • Wood Frame

Roof

  • Asphalt Shingle

Foundation

  • Poured Concrete

Heating, cooling & services

Heating
Forced Air, Natural Gas
Cooling
Central Air

Parking

Garage
Heated Garage, Triple Garage Attached · 3 spaces
Garage size
36`1" x 28`1"
Total parking
6 spaces

Lot & outdoors

Lot size
5,495 sq ft
Acreage
0.13 acres
Frontage
50.04 ft
Fencing
Fenced

Lot features

  • Landscaped
  • Lawn
  • Rectangular Lot

Outdoor living

  • Awning(s)
  • Balcony(s)
  • Deck
  • Front Porch
  • Patio
  • Rooftop Patio

Exterior features

  • Awning(s)
  • Balcony
  • BBQ gas line
  • Garden
  • Private Entrance

In the community

  • Fishing
  • Lake
  • Park
  • Playground
  • Schools Nearby
  • Shopping Nearby
  • Walking/Bike Paths

Costs & ownership

Annual property tax
$5,202 (2025)
Title
Fee Simple
Ownership
Private
Zoning
R1
Restrictions
None Known

Listing & availability

MLS® number
A2336303
Listed
Aug 11, 2026
Days on market
34
Possession
Negotiable
Listing office
RE/MAX House of Real Estate

Included in the sale

Appliances: Central Air Conditioner, Dryer, Garburator, Gas Range, Microwave Hood Fan, Refrigerator, Tankless Water Heater, Washer, Water Softener, Window Coverings

Other inclusions: Patio Gazebo, Keypad, Curtains & Curtain Rods, Garage Heater, Garage Shelving, Bonus Room Electric Fireplace, Basement Fridge, Basement Stove, Basement Hoodfan, Basement Dishwasher, Basement Microwave, Basement Washer, Basement Dryer

Inclusions are as advertised by the listing brokerage and are confirmed in the purchase contract, not here.

Selling

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