ActiveNew

$659,900

432 Rainbow Falls WayRainbow Falls, Chestermere, AB T1X 1S6

  • 4 beds
  • 4 baths
  • 2,089 sq ft
  • Detached

Listing courtesy of CIR Realty · MLS® A2350802

Virtual tour

About this home

*OPEN HOUSE, Sat. Oct. 10, 1-3pm* Welcome to Rainbow Falls, where family friendly living meets an incredible outdoor lifestyle! Just minutes from Chestermere Lake, this established community offers beautiful parks, water features, pathways, bike trails, schools, recreation and everyday amenities, all with quick access to Calgary. Whether you're enjoying a summer day at the lake, heading out for a bike ride or relaxing in your own backyard, this is a community built for enjoying life. Situated on a massive pie lot backing directly onto green space and a pathway, this fully loaded home offers an exceptional combination of space, location and character. Inside, the show stopping living room immediately catches your eye with vaulted beam ceilings, soaring windows and a stunning stone fireplace with mantle. The natural light and impressive architecture give the space a true vacation home feel. The dining room is perfectly positioned with direct access to the expansive deck and incredible backyard with hot tub. The kitchen is exceptionally spacious and designed for gathering, featuring a large centre island, pantry, bar fridge and raised eating bar, with plenty of room for everyone to come together. A main floor office offers the perfect work from home space and could easily function as a 5th bedroom if desired for those larger families. A convenient powder room and main floor laundry and mudroom provide direct access to the oversized heated garage. Upstairs, the bedrooms are impressively sized, a rare feature! The Jack and Jill bathroom is exceptionally functional, with large walk in closets and private vanities for each bedroom. The primary suite is a true retreat with its own vaulted ceiling, abundant natural light and a spacious ensuite complete with a walk in closet, tiled soaker tub, separate shower and dedicated makeup counter. The fully developed basement adds even more living space with an additional bedroom, full bathroom, large recreation room and wet bar, plus plenty of storage. Outside is where this property shines even more. The sprawling pie lot backs onto green space and a pathway, offering privacy and room to enjoy the outdoors. Relax in the hot tub, entertain on the large deck or let the kids enjoy the expansive yard complete with underground sprinklers. Additional features include central air conditioning, water softener, RO system, central vacuum, newer carpet upstairs, newer vinyl flooring, fresh paint and a new hot water tank (2026). A fantastic home, an incredible lot and a lake lifestyle- this is Rainbow Falls living at its best! Check out the virtual tour.

Key facts

Type
Detached
Style
2 Storey
Year built
2005
Living area
2,089 sq ft
Lot
8,332 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
$316
Days on market
3
Listed
October 7, 2026
Community
Rainbow Falls
Municipality
Chestermere

Features

Interior

Features
Beamed Ceilings, Central Vacuum, Closet Organizers, Kitchen Island, No Smoking Home, Open Floorplan, Pantry, Sump Pump(s), Vaulted Ceiling(s), Vinyl Windows, Walk-In Closet(s), Wet Bar
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener
Flooring
Carpet, Vinyl Plank
Heating
Forced Air
Cooling
Central Air
Fireplaces
1 (Gas, Mantle, Stone)
Laundry
Laundry Room, Main Level
Included
TV in basement, Sectional in Basement, Hot Tub, Garage Heater, all bar stools & dining chairs, Blinds (as is) 2 Bar Fridges, Storage Shed, Reverse Osmosis System

Suite

Suite
No

Building

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

Exterior & lot

Lot
Backs on to Park/Green Space, Low Maintenance Landscape, Pie Shaped Lot
Patio / porch
Deck
Fencing
Fenced
Front faces
SW
Lot size
8,332 sq ft
Zoning
R1

Parking

Garage spaces
2
Total parking
4
Details
Double Garage Attached, Heated Garage

Condo / HOA

Restrictions
None Known
Ownership
Not a Condo

Land & rural

Title
Fee Simple

Community

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

Rooms

RoomLevelSize
Dining RoomMain11'6" x 9'7"
KitchenMain16'9" x 16'6"
Living RoomMain15'0" x 14'1"
OfficeMain9'11" x 12'0"
2pc BathroomMain—
Bedroom - PrimarySecond15'11" x 22'11"
BedroomSecond11'6" x 15'1"
BedroomSecond16'2" x 11'5"
4pc BathroomSecond—
5pc Ensuite bathSecond—
BedroomLower13'10" x 15'5"
3pc BathroomBasement—
Game RoomBasement19'10" x 22'8"

Location

Open in Google Maps ↗

Monthly cost estimate

Estimated monthly payment$3,098
  • Mortgage $3,098

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 $40,990.

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Listing last updated: Oct 10, 2026, 3:07 p.m.