ActivePrice reduced

$775,000

199 LAVENDER WayRainbow Falls, Chestermere, AB T1X 0B2

  • 4 beds
  • 4 baths
  • 2,269 sq ft
  • Detached

Listing courtesy of Real Broker · MLS® A2336539

About this home

Pride of ownership is evident throughout this beautifully maintained home, complete with a fully developed walkout basement and an incredible setting in Rainbow Falls. Tucked along a quiet street, the property backs directly onto the canal, walking path and green space, creating a beautiful backdrop to enjoy year-round. With a playground just across the street, schools nearby, a spacious floor plan and a stunning landscaped backyard, this home offers an ideal combination of space, location and family-friendly living. Step inside and you’re welcomed by impressive vaulted ceilings and an abundance of windows, filling the home with natural light and creating a bright, open atmosphere. A dedicated front office provides the perfect space for working from home, while the main living areas take full advantage of the beautiful views out back. The recently renovated (2024) modern chef's kitchen offers an abundance of cabinetry, quartz countertops, stainless steel appliances, a walk-through pantry, and a centre island with breakfast bar seating. The adjoining dining area opens directly onto a private balcony overlooking the backyard, canal, and green space - a wonderful spot to enjoy the peaceful surroundings. The living room is warm and inviting, with soaring ceilings and large windows showcasing the view. Upstairs, you’ll find a spacious bonus room and three bedrooms, including the generous primary retreat with plenty of room to unwind. The 5-piece ensuite features dual sinks, a soaker tub, separate shower and private water closet, while a walk-in closet completes the space. The fully developed walkout lower level adds even more room to enjoy, featuring a fourth bedroom, massive recreation room, cozy fireplace and convenient wet bar - an ideal setup for movie nights, entertaining guests or simply giving everyone a little extra space. Outside, the beautifully landscaped backyard is truly an extension of the home. Generous in size and surrounded by beautiful views, yet importantly offering a ton of privacy, there is plenty of space to entertain family and friends or simply relax outdoors and take in the canal and green space beyond. For those who love getting outside, the 5.5 km Rainbow Falls Loop walking paths are just steps away, offering a beautiful route through the community. Located in the established Rainbow Falls community of Chestermere, close to schools, parks, pathways, shopping and local amenities, this home combines an exceptional location with space, functionality and a setting that is hard to beat. This is the kind of home that simply makes sense for family living.

Key facts

Type
Detached
Style
2 Storey
Year built
2006
Living area
2,269 sq ft
Lot
4,958 sq ft
Bedrooms
4 (3 above grade, 1 below)
Bathrooms
3 full, 1 half
Basement
Full, Finished
Parking
2-car garage, 4 spaces total
Price per sq ft
$342
Days on market
50
Listed
August 21, 2026
Community
Rainbow Falls
Municipality
Chestermere

Features

Interior

Features
Bar, Breakfast Bar, Built-in Features, Ceiling Fan(s), Double Vanity, Granite Counters, High Ceilings, Kitchen Island, No Smoking Home, Open Floorplan, Pantry, Soaking Tub, Storage, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar
Appliances
Bar Fridge, Dishwasher, Dryer, Electric Stove, Garage Control(s), Refrigerator, Washer, Window Coverings
Flooring
Carpet, Hardwood, Tile
Heating
Forced Air, Natural Gas
Fireplaces
2 (Basement, Gas, Living Room, Mantle, Tile)
Laundry
Main Level
Basement features
Walk Out
Included
Alarm, Hot Tub, Shed

Suite

Suite
No

Building

Structure
House
Levels
Two
Construction
Stone, Vinyl Siding, Wood Frame
Roof
Asphalt Shingle
Foundation
Poured Concrete

Exterior & lot

Exterior
Balcony
Lot
Backs on to Park/Green Space, Landscaped, Rectangular Lot
Patio / porch
Balcony(s), Patio
Fencing
Fenced
Front faces
NE
Lot size
4,958 sq ft
Zoning
R1

Parking

Garage spaces
2
Total parking
4
Details
Concrete Driveway, Double Garage Attached, Garage Door Opener, Garage Faces Front

Condo / HOA

Restrictions
None Known
Ownership
Not a Condo

Land & rural

Title
Fee Simple

Community

Features
Park, Playground

Rooms

RoomLevelSize
KitchenMain14'0" x 12'1"
Dining RoomMain14'0" x 8'10"
PantryMain7'0" x 6'2"
Living RoomMain16'0" x 12'3"
DenMain11'0" x 10'4"
FoyerMain6'5" x 8'10"
LaundryMain7'0" x 4'0"
Mud RoomMain8'7" x 6'7"
2pc BathroomMain4'9" x 5'0"
Bonus RoomUpper16'1" x 12'6"
Bedroom - PrimaryUpper14'0" x 13'5"
Walk-In ClosetUpper6'0" x 7'6"
BedroomUpper10'3" x 10'6"
BedroomUpper12'9" x 9'6"
Walk-In ClosetUpper4'1" x 5'1"
4pc BathroomUpper8'3" x 5'0"
5pc Ensuite bathUpper12'4" x 11'3"
Family RoomBasement19'3" x 20'4"
Furnace/Utility RoomBasement10'3" x 10'10"
OtherBasement9'8" x 13'0"
BedroomBasement12'4" x 10'1"
Walk-In ClosetBasement5'4" x 4'1"
4pc BathroomBasement8'7" x 5'0"

Location

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Monthly cost estimate

Estimated monthly payment$3,638
  • Mortgage $3,638

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 $52,500.

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Listing last updated: Oct 1, 2026, 5:45 p.m.