Active

$999,900

268 Rainbow Falls WayRainbow Falls, Chestermere, AB T1X 0T1

  • 5 beds
  • 4 baths
  • 2,393 sq ft
  • Detached

Listing courtesy of RE/MAX House of Real Estate · MLS® A2336303

About this home

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*

Key facts

Type
Detached
Style
2 Storey
Year built
2014
Living area
2,393 sq ft
Lot
5,495 sq ft
Bedrooms
5 (4 above grade, 1 below)
Bathrooms
3 full, 1 half
Basement
Full, Finished
Parking
3-car garage, 6 spaces total
Price per sq ft
$418
Days on market
60
Listed
August 11, 2026
Community
Rainbow Falls
Municipality
Chestermere

Features

Interior

Features
Breakfast Bar, Built-in Features, Closet Organizers, Elevator, Granite Counters, Kitchen Island, Pantry, Soaking Tub, Storage, Walk-In Closet(s)
Appliances
Central Air Conditioner, Dryer, Garburator, Gas Range, Microwave Hood Fan, Refrigerator, Tankless Water Heater, Washer, Water Softener, Window Coverings
Flooring
Carpet, Tile, Vinyl Plank
Heating
Forced Air, Natural Gas
Cooling
Central Air
Fireplaces
2 (Electric, Family Room, Gas, Great Room)
Laundry
In Basement, Main Level
Basement features
Separate/Exterior Entry, Walk Out
Included
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

Suite

Suite
Yes
Details
Basement
Location
Suite Attached/Within Primary Dwelling

Building

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

Exterior & lot

Exterior
Awning(s), Balcony, BBQ gas line, Garden, Private Entrance
Lot
Landscaped, Lawn, Rectangular Lot, See Remarks
Patio / porch
Awning(s), Balcony(s), Deck, Front Porch, Patio, Rooftop Patio
Fencing
Fenced
Front faces
N
Lot size
5,495 sq ft
Zoning
R1

Parking

Garage spaces
3
Total parking
6
Details
Heated Garage, Triple Garage Attached

Condo / HOA

Restrictions
None Known
Ownership
Not a Condo

Land & rural

Title
Fee Simple

Community

Features
Fishing, Lake, Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths

Rooms

RoomLevelSize
Living RoomMain13'11" x 12'9"
KitchenMain13'1" x 11'10"
PantryMain9'2" x 6'0"
Dining RoomMain12'11" x 10'2"
OfficeMain11'1" x 9'9"
LaundryMain8'9" x 8'3"
2pc BathroomMain—
BedroomUpper10'11" x 9'10"
BedroomUpper11'1" x 10'1"
BedroomUpper10'4" x 9'11"
Bonus RoomUpper18'11" x 12'7"
5pc Ensuite bathUpper—
4pc BathroomUpper—
Bedroom - PrimaryUpper12'11" x 12'11"
BedroomLower12'3" x 9'11"
Game RoomLower14'2" x 13'1"
KitchenLower11'5" x 10'10"
5pc BathroomLower10'10" x 6'6"
LaundryBasement13'0" x 12'10"

Location

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Monthly cost estimate

Estimated monthly payment$4,693
  • Mortgage $4,693

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 $74,990.

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Listing last updated: Sep 21, 2026, 10:35 a.m.