ActivePrice reduced

$624,999

408 Rainbow Falls WayRainbow Falls, Chestermere, AB T1X 1S8

  • 4 beds
  • 4 baths
  • 2,013 sq ft
  • Detached

Listing courtesy of RE/MAX Complete Realty · MLS® A2341209

Virtual tour

About this home

Room to live, play, work and grow, inside and out! This spacious family home in the heart of Rainbow Falls is designed for the way life actually happens, with over 2,000 sq. ft. above grade, a finished basement, four bedrooms and multiple living spaces that give everyone room to spread out!

The main floor feels bright, comfortable and connected. Hardwood floors carry through the kitchen, dining and living areas, creating an easy flow for everyday routines and time together. Gather around the fireplace, enjoy meals overlooking the backyard, or step outside onto the deck when the weather is calling. A dedicated main floor office creates a quiet place to work, study or get creative without giving up a bedroom, while main floor laundry and a convenient powder room help keep busy days running smoothly.

Upstairs, the home really opens up for family life. Three bedrooms are joined by a generous bonus room that can change right along with you, whether that means movie nights, toys and playtime, gaming, homework or a little bit of everything. The primary bedroom offers its own walk in closet and private 4 piece ensuite, while the additional bedrooms share another full bathroom.

The finished basement adds even more flexibility. A fourth bedroom, large recreation room and half bath create a comfortable space for older kids, overnight guests, hobbies or family hangouts. There is also an impressive amount of storage, giving bikes, seasonal décor, sports equipment and all the extras that come with family life a place of their own.

The outdoor spaces feel like an extension of the home. Start the morning on the covered front porch, relax or entertain on the rear deck, and enjoy a fenced, established yard surrounded by mature trees and landscaping. From the backyard, step directly onto the community walking path and head to the pond just across the street, or to the South Shore of Chestermere Lake for a walk, bike ride or time by the water.

Rainbow Falls is made for an active, family friendly lifestyle, with parks, playgrounds, schools, shopping and an extensive network of pathways close by. Add central air conditioning and a double attached garage, and this is a home that brings together space, comfort, flexibility and everyday convenience in all the right ways.

Key facts

Type
Detached
Style
2 Storey
Year built
2005
Living area
2,013 sq ft
Lot
5,550 sq ft
Bedrooms
4 (3 above grade, 1 below)
Bathrooms
2 full, 2 half
Basement
Full, Finished
Parking
2-car garage, 4 spaces total
Price per sq ft
$310
Days on market
38
Listed
September 2, 2026
Community
Rainbow Falls
Municipality
Chestermere

Features

Interior

Features
Breakfast Bar, Ceiling Fan(s), Pantry, Soaking Tub, Storage, Walk-In Closet(s)
Appliances
Central Air Conditioner, Dishwasher, Dryer, Electric Stove, Garage Control(s), Garburator, Microwave Hood Fan, Refrigerator, Washer
Flooring
Carpet, Hardwood, Tile
Heating
Forced Air
Cooling
Central Air
Fireplaces
1 (Gas)
Laundry
Laundry Room, Main Level
Included
BBQ, Fire Pit, Basement Fridge, Shed, Alarm

Suite

Suite
No

Building

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

Exterior & lot

Exterior
BBQ gas line
Lot
Back Yard, Backs on to Park/Green Space, Rectangular Lot
Patio / porch
Deck, Front Porch, Patio
Fencing
Fenced
Front faces
W
Lot size
5,550 sq ft
Zoning
R-1

Parking

Garage spaces
2
Total parking
4
Details
Double Garage Attached, Driveway, Oversized

Condo / HOA

Restrictions
Utility Right Of Way
Ownership
Not a Condo

Land & rural

Title
Fee Simple

Community

Features
Golf, Lake, Park, Playground, Pond, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths

Rooms

RoomLevelSize
2pc BathroomMain7'8" x 5'4"
Dining RoomMain9'11" x 12'9"
KitchenMain9'1" x 10'10"
Living RoomMain17'11" x 14'7"
OfficeMain9'5" x 11'9"
4pc BathroomUpper9'9" x 4'11"
4pc Ensuite bathUpper9'10" x 10'8"
Bedroom - PrimaryUpper13'4" x 13'10"
BedroomUpper9'10" x 10'3"
BedroomUpper13'4" x 10'11"
Bonus RoomUpper18'0" x 15'0"
Walk-In ClosetUpper4'9" x 9'7"
2pc BathroomBasement6'0" x 7'0"
BedroomBasement10'4" x 16'10"
Game RoomBasement13'7" x 20'1"
StorageBasement25'10" x 20'1"

Location

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Monthly cost estimate

Estimated monthly payment$2,934
  • Mortgage $2,934

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 $37,500.

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Listing last updated: Sep 29, 2026, 8:05 p.m.