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3 days on Market

197 MAGENTA Cres, Chestermere, Alberta T1X 0K9

Detached
3 + 1
4 + 1
~2011.91 sqft
$749,900
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Detached
3 + 1
4 + 1
~2011.91 sqft

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Highlights

Property Estimate

Days on market3 days

Estimated valueNot available

Price/Sqft$372/sqft

Monthly cost

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Description

BACKING ONTO GREENSPACE & POND | WALKOUT LOWER LEVEL | TRIPLE ATTACHED GARAGE | 4 BEDROOMS | BONUS ROOM | Located in the sought-after RAINBOW FALLS community of CHESTERMERE, this home offers a welcoming neighbourhood with convenient access to PARKS, PATHWAYS, SCHOOLS and EVERYDAY AMENITIES. Step inside to a welcoming foyer that leads into the bright and inviting MAIN FLOOR, featuring 9-FOOT CEILINGS, HARDWOOD FLOORING and LARGE WINDOWS that bring in NATURAL LIGHT. The spacious LIVING ROOM features a GAS FIREPLACE, creating a comfortable place to gather with family and friends. The adjoining KITCHEN offers rich DARK CABINETRY, GRANITE COUNTERTOPS, a CENTRE ISLAND WITH BREAKFAST BAR and plenty of cabinet and counter space for meal preparation and casual dining. The DINING AREA overlooks the backyard, with direct access to the SPACIOUS UPPER DECK, making it easy to enjoy meals outdoors or entertain during the warmer months. MAIN-FLOOR LAUNDRY and a 2-pc bathroom complete this level. Upstairs, you'll find 3 BEDROOMS and a SPACIOUS BONUS ROOM, providing an additional family living area that's perfect for movie nights, relaxing or giving the kids their own space. The PRIMARY BEDROOM offers a comfortable retreat with a HUGE WALK-IN CLOSET and a SPACIOUS 5-PIECE ENSUITE featuring DOUBLE SINKS. Two additional bedrooms and a 4-PIECE MAIN BATHROOM complete the upper level. The FULLY DEVELOPED WALKOUT LOWER LEVEL adds even more flexibility, featuring a LARGE REC ROOM with plenty of space for a HOME THEATRE, GAMES AREA or additional family living space. 4TH BEDROOM offers flexibility for guests, or a dedicated home office, providing a quiet space to WORK FROM HOME. A convenient 3-PIECE BATHROOM completes this level. With 9-FOOT CEILINGS and DIRECT WALKOUT ACCESS to the LOWER PATIO and backyard, this level feels like a natural extension of the home. Outside, the BACKYARD is a real highlight. BACKING ONTO A POND AND GREENSPACE, the property offers a peaceful natural. Enjoy morning coffee on the UPPER DECK, summer barbecues with family and friends or a quiet evening relaxing on the LOWER PATIO. The FENCED BACKYARD provides room for kids and pets to enjoy the outdoors, while the nearby GREENSPACE AND PATHWAY offer opportunities to get outside and enjoy the neighbourhood. The TRIPLE ATTACHED GARAGE provides generous space for PARKING, STORAGE and all the extras that come with family life. Don't miss out!


Property Details

Style2 Storey
View-
Age of property2011
SqFt~2011.91 SqFt
Lot Size-
Parking Spaces6
MLS ®NumberA2354427
Community NameRainbow Falls
Data SourcePILLAR 9
Listing byRE/MAX First

Features

Heating: Forced Air,Natural Gas
Cooling: Central Air
Basement: Full,Finished,Walk Out

Main Floor

Kitchen

12`6" x 13`6"

Dining Room

9`6" x 13`5"

Living Room

14`11" x 13`5"

2pc Bathroom

6`2" x 6`11"


Features

Patio: Deck

Parking

Garage spaces 3

Garage type -

Other parking spaces 3

Total parking spaces 6


Property listed by RE/MAX First, Brokerage
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Market Data - Rainbow Falls

Geo Zone Map ThumbnailRainbow Falls

Strong Seller'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

39 days

Compared to

2025

50 days

2024

40 days

2023

36 days

New Listings

Past 30 days

6 listings

Compared to

2025

3 listings

2024

2 listings

2023

1 listing

Units sold

Past 30 days

5 units

Compared to

2025

2 units

2024

4 units

2023

4 units

Median Sold Price

Past 30 days

$700,000

Compared to

2025

$702,250

2024

$720,000

2023

$690,000


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