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4 days on Market

161 Rainbow Falls Glen&, Chestermere, Alberta T1X 0S5

Detached
3 + 2
4 + 1
~1898.00 sqft
$659,000
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Detached
3 + 2
4 + 1
~1898.00 sqft

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Highlights

Property Estimate

Days on market4 days

Estimated valueNot available

Price/Sqft$347/sqft

Monthly cost

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Description

This home is finally ready to sell. TURN-KEY and packed with potential, this beautifully maintained home in the heart of Chestermere offers the perfect opportunity to live comfortably while creating future rental income. With 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.


Upcoming Open House

May 16Sat12:00 PM - 2:00 PM

Property Details

Style2 Storey
View-
Age of property2014
SqFt~1898.00 SqFt
Lot Size-
Parking Spaces4
MLS ®NumberA2309616
Community NameRainbow Falls
Data SourcePILLAR 9
Listing byStonemere Real Estate Solutions

Features

Heating: Fireplace(s),Forced Air
Cooling: Central Air
Basement: Full,Finished,Separate/Exterior Entry,Walk Up

Main Floor

2pc Bathroom

4`6" x 5`0"

Dining Room

8`11" x 17`0"

Foyer

9`4" x 13`10"

Kitchen

12`7" x 12`5"


Features

Patio: Deck,Front Porch

Parking

Garage spaces 2

Garage type -

Other parking spaces 2

Total parking spaces 4


Property History

May 8, 2026
ListedActive
$659,000
4 days on market
history photo preview50
Listing by pillar 9®
Property listed by Stonemere Real Estate Solutions, Brokerage
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Market Data - Rainbow Falls

Geo Zone Map ThumbnailRainbow Falls

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

14 days

Compared to

2025

48 days

2024

27 days

2023

29 days

New Listings

Past 30 days

8 listings

Compared to

2025

3 listings

2024

12 listings

2023

4 listings

Units sold

Past 30 days

1 unit

Compared to

2025

4 units

2024

3 units

2023

3 units

Median Sold Price

Past 30 days

$692,500

Compared to

2025

$774,500

2024

$769,000

2023

$705,000


Population and Demographics

Overview

Total population 1592
Average household income $154,950

Age (%)

0 to 19
32%
20 to 34
15%
35 to 49
29%
50 to 64
16%
65 and plus
9%

Household composition (%)

Single family
83%
Single person
12%
Multi person
4%
Multi family
1%

Mother tongue (%)

English
79%
Punjabi (Panjabi)
6%
Vietnamese
3%
Others
2%
Tagalog (Pilipino, Filipino)
2%
Arabic
2%
Spanish
2%

House tenancy (%)

Owners
90%
Renters
10%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget