$599,000
161 Rainbow Falls GlenRainbow Falls, Chestermere, AB T1X 0S5
- 5 beds
- 4 baths
- 1,898 sq ft
- Detached
Listing courtesy of Stonemere Real Estate Solutions · MLS® A2309616
About this home
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.
Key facts
- Type
- Detached
- Style
- 2 Storey
- Year built
- 2014
- Living area
- 1,898 sq ft
- Lot
- 5,513 sq ft
- Bedrooms
- 5 (3 above grade, 2 below)
- Bathrooms
- 3 full, 1 half
- Basement
- Full, Finished
- Parking
- 2-car garage, 4 spaces total
- Price per sq ft
- $316
- Days on market
- 155
- Listed
- May 8, 2026
- Community
- Rainbow Falls
- Municipality
- Chestermere
Features
Interior
- Features
- Double Vanity, Kitchen Island, Low Flow Plumbing Fixtures, No Animal Home, No Smoking Home, Open Floorplan, Stone Counters, Walk-In Closet(s)
- Appliances
- Central Air Conditioner, Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
- Flooring
- Carpet, Hardwood, Tile
- Heating
- Fireplace(s), Forced Air
- Cooling
- Central Air
- Fireplaces
- 1 (Double Sided, Gas, Living Room)
- Laundry
- Electric Dryer Hookup, Upper Level, Washer Hookup
- Basement features
- Separate/Exterior Entry, Walk Up
- Included
- none
Suite
- Suite
- No
Building
- Structure
- House
- Levels
- Two
- Construction
- Concrete, Mixed, Vinyl Siding, Wood Frame
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
Exterior & lot
- Exterior
- Private Entrance, Private Yard
- Lot
- Back Lane, Back Yard, Landscaped, Rectangular Lot, Street Lighting, Treed
- Patio / porch
- Deck, Front Porch
- Fencing
- Fenced
- Front faces
- S
- Lot size
- 5,513 sq ft
- Zoning
- R1
Parking
- Garage spaces
- 2
- Total parking
- 4
- Details
- Double Garage Detached
Condo / HOA
- Restrictions
- None Known
- Ownership
- Not a Condo
Land & rural
- Title
- Fee Simple
Community
- Features
- Golf, Lake, Park, Playground, Pond, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Rooms
| Room | Level | Size |
|---|---|---|
| 2pc Bathroom | Main | 4'6" x 5'0" |
| Dining Room | Main | 8'11" x 17'0" |
| Foyer | Main | 9'4" x 13'10" |
| Kitchen | Main | 12'7" x 12'5" |
| Living Room | Main | 18'0" x 15'11" |
| Mud Room | Main | 9'11" x 6'11" |
| 4pc Bathroom | Second | 9'11" x 4'11" |
| 5pc Ensuite bath | Second | 9'3" x 7'10" |
| Bedroom | Second | 9'11" x 10'7" |
| Bedroom | Second | 10'0" x 10'1" |
| Bonus Room | Second | 12'7" x 12'11" |
| Bedroom - Primary | Second | 14'8" x 15'11" |
| Walk-In Closet | Second | 8'2" x 7'11" |
| 3pc Bathroom | Lower | 4'11" x 8'4" |
| Bedroom | Lower | 9'11" x 11'10" |
| Bedroom | Lower | 9'2" x 11'9" |
| Family Room | Lower | 20'11" x 18'6" |
| Furnace/Utility Room | Lower | 13'7" x 7'0" |
Location
Monthly cost estimate
- Mortgage $2,812
An estimate, not a quote: excludes property tax, home insurance and utilities. Starting rates are the best advertised 5-year fixed rates on October 8, 2026 (nesto.ca, best 5-year fixed); your rate depends on your lender and situation. Minimum down payment under Canadian rules is $34,900.
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Listing last updated: Oct 1, 2026, 12:15 a.m.