10 days on Market

248 Rainbow Falls Way, Chestermere, Alberta T1X 0S9

Detached
2 + 2
3
~1512.31 sqft
$824,900
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Detached
2 + 2
3
~1512.31 sqft

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Highlights

Property Estimate

Days on market10 days

Estimated valueNot available

Price/Sqft$545/sqft

Monthly cost

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Description

Welcome to this beautifully maintained large bungalow where pride of ownership is evident throughout. Backing onto a peaceful scenic stream that leads toward Chestermere Lake, this home offers a rare combination of tranquility, space, and convenience. Featuring 4 bedrooms, over 2,900 sq ft of space between the main floor and basement, and an open-concept layout, the home is filled with natural light and showcases stunning vaulted ceilings, granite countertops, a beautiful wide curved staircase, and spacious living areas perfect for both everyday living and entertaining. The walkout basement adds incredible functionality and connection to the outdoors, while the oversized driveway provides ample parking. The poured concrete backyard creates a low-maintenance outdoor retreat ideal for relaxing, hosting guests, or enjoying the serene surroundings. The south-facing backyard also features a large garden space perfect for growing your own fruits and vegetables while enjoying all-day sunshine. Located in a beautiful setting close to pathways, water, parks, and amenities, this is a rare opportunity to own a truly well-cared-for home in one of Chestermere’s most desirable locations


Property Details

StyleBungalow
View-
Age of property2015
SqFt~1512.31 SqFt
Lot Size-
Parking Spaces5
MLS ®NumberA2315501
Community NameRainbow Falls
Data SourcePILLAR 9
Listing byThe Real Estate District

Features

Heating: Forced Air
Basement: Full,Finished,Walk Out

Main Floor

Bedroom

11`2" x 9`6"

4pc Ensuite bath

12`0" x 10`0"

Bedroom - Primary

14`1" x 9`0"

Laundry

7`7" x 6`9"


Features

Patio: Balcony(s)

Parking

Garage spaces 2

Garage type -

Other parking spaces 3

Total parking spaces 5


Property History

May 27, 2026
ListedActive
$824,900
10 days on market
history photo preview50
Listing by pillar 9®
Property listed by The Real Estate District, 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

28 days

Compared to

2025

25 days

2024

20 days

2023

18 days

New Listings

Past 30 days

7 listings

Compared to

2025

4 listings

2024

5 listings

2023

4 listings

Units sold

Past 30 days

2 units

Compared to

2025

5 units

2024

11 units

2023

5 units

Median Sold Price

Past 30 days

$835,000

Compared to

2025

$870,000

2024

$741,000

2023

$679,400


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