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TownhouseActive

Rainbow Falls · Chestermere

320 Rainbow Falls Drive, Chestermere

$399,900

Rainbow Falls, Chestermere, Alberta T1X 0E4 · MLS® A2332835

2
Bedrooms: 3.5
Bathrooms: 1,394
Sq ft above grade: $287
Per sq ft

About This Property

Welcome to 320 Rainbow Falls Drive, a fully developed, AIR-CONDITIONED townhome with a FINISHED WALKOUT BASEMENT and DOUBLE DETACHED GARAGE. Offering over 2,000 sq ft of developed living space, this home features two spacious bedrooms, each with its own 4-piece ensuite, plus a full bathroom in the basement and a convenient half bath on the main floor. The main level has 9 ft ceilings and a bright, functional layout with a spacious living room and a southwest-facing kitchen and dining area. The kitchen includes stainless steel appliances, an island, pantry, and access to the balcony overlooking the backyard with NO NEIGHBOURS DIRECTLY BEHIND. Upstairs, both bedrooms offer excellent space and privacy, including a primary bedroom with a walk-in closet. The fully finished walkout basement adds a large rec room, full bathroom, spacious laundry room, and direct access to the backyard and double detached garage. Located across from green space and just steps from the Chestermere Business Park, this home is within walking distance of groceries, restaurants, pharmacy, schools, parks, pathways, and everyday amenities, with easy access in and out of Chestermere.

View the virtual tour

Property Details

Interior

Bedrooms: 2
Bathrooms: 3 full · 1 half
Ensuite bathrooms: 2
Rooms above grade: 5
Above grade: 1,394 sq ft
Main level: 709 sq ft
Finished below grade: 661 sq ft
Total finished: 2,055 sq ft
Basement: Full · Finished
Laundry: In Basement, Laundry Room, Lower Level

Interior features

Central Vacuum
High Ceilings
Kitchen Island
No Animal Home
No Smoking Home
Pantry
Storage
Vinyl Windows
Walk-In Closet(s)

Flooring

Carpet
Laminate
Linoleum

Building

Property type: Townhouse
Structure: Five Plus
Style: 2 Storey
Levels: Two
Year built: 2007
Front exposure: NE
Unit exposure: SW
Entry level: 1
Common walls: 2+ Common Walls,No One Above,No One Below

Construction

Concrete
Wood Frame

Roof

Asphalt Shingle

Foundation

Poured Concrete

Heating, cooling & services

Heating: Forced Air
Cooling: Central Air

Parking

Garage: Double Garage Detached · 2 spaces
Garage size: 19`3" x 19`4"
Total parking: 2 spaces
Parking type: Assigned

Lot & outdoors

Fencing: None

Lot features

Back Lane
Back Yard
Few Trees
Landscaped
Lawn
No Neighbours Behind

Outdoor living

Balcony(s)
Patio

Exterior features

Balcony
Private Entrance
Private Yard

Condo / HOA

Complex: The Brownstones at Rainbow Falls
Ownership type: Conventional Condo
Fee: $390/mo
Pets: Restrictions,Cats OK,Dogs OK,Yes

Condo fee includes

Common Area Maintenance
Insurance
Parking
Professional Management
Reserve Fund Contributions
Sewer
Snow Removal
Trash

Building amenities

Parking
Snow Removal
Trash

In the community

Fishing
Lake
Park
Playground
Pond
Schools Nearby
Shopping Nearby
Sidewalks
Street Lights
Walking/Bike Paths

Costs & ownership

Annual property tax: $2,284 (2025)
Condo fee: $390/mo
Title: Fee Simple
Ownership: Private
Zoning: R-3
Restrictions: Pet Restrictions or Board approval Required, Pets Allowed, Utility Right Of Way

Listing & availability

MLS® number: A2332835
Listed: Jul 28, 2026
Days on market: 48
Possession: 15 Days / Neg, 30 Days / Neg, Immediate
Listing office: 2% Realty

Included in the sale

Appliances: Central Air Conditioner, Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer, Window Coverings

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

Contact me for bookings or more information

Questions about this listing, or ready to view it? Stephen will follow up shortly.

Prefer to talk? (403) 827-4943

Selling to buy?

Need to sell your current home to buy this one? Stephen will prepare a free evaluation of your current home.

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Estimated Monthly Cost

$2,349.25/mo

Mortgage: $1,768.89
Property tax: $190.36
Condo fee: $390.00

20% down · 4.49% · 25-yr amortization · estimate only. Excludes insurance, utilities and closing costs.

Listed by 2% Realty

Data provided under license by Pillar 9™.

Listing data updated Sep 4, 2026, 12:25 p.m. MT.

Selling

Thinking of listing your home?

Need to sell to buy this one, or just want a real number? Stephen prepares a free evaluation that accounts for lot, finishes, and current activity in your community.

Request a free evaluation