1 / 49Rainbow Falls · Chestermere
268 Rainbow Falls Way, Chestermere
$999,900
Rainbow Falls, Chestermere, Alberta T1X 0T1 · MLS® A2336303
- 5
- Bedrooms
- 3.5
- Bathrooms
- 2,393
- Sq ft above grade
- $418
- Per sq ft
3 full · 1 half
+905 below
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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