pillar/IMG-A2336303_1.jpg
14 hours on Market

268 Rainbow Falls Way, Chestermere, Alberta T1X 0T1

Detached
4 + 1
4 + 1
~2392.97 sqft
$999,900
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Detached
4 + 1
4 + 1
~2392.97 sqft

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Highlights

Property Estimate

Days on market14 hours

Estimated valueNot available

Price/Sqft$417/sqft

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Description

LIKE-NEW, CANAL-FRONT HOME WITH A WALK-OUT ILLEGAL BASEMENT SUITE, SUNNY SOUTH BACKYARD & TRIPLE ATTACHED GARAGE IN CHESTERMERE. Backing directly onto a quiet canal w/ no neighbours behind, this exceptional home offers 5 bedrooms, 3.5 bathrooms, a fully developed walk-out illegal basement suite, triple attached garage w/ workshop space, elevator access to the basement, and 3 South-facing outdoor patios. The home welcomes you with a bright, modern interior featuring contemporary white finishes and durable hard-surface flooring throughout the above-grade living spaces. A spacious foyer opens naturally into the main level and above. The spacious living room is centred around a gas fireplace with stone surround and flows into the kitchen, complete w/ granite countertops, stainless steel appliances, gas cooktop, extensive cabinetry, and a walk-through pantry w/ direct access to the garage. The dining area overlooks the sunny South-facing backyard and canal. Sliding doors lead to a large rear deck w/ a gas BBQ line and uninterrupted views across the canal and fields beyond. A dedicated laundry room w/ side-by-side washer and dryer and built-in storage, plus a powder room. The main level also provides a full enclosed office for work-from-home days. Upstairs, 4 generously sized bedrooms are complemented by a large bonus room with its own fireplace. The private primary suite overlooks the canal and features a sunny South-facing balcony, a large walk-in closet, and a 4-pc ensuite, a drop-in soaker tub, a separate shower, and a private water closet. Three additional bedrooms share a full 4-pc bathroom w/ tub/shower combination. An elevator provides convenient access to the fully developed walk-out basement, configured as an illegal suite. Oversized windows bring abundant natural light into the lower level, which features a spacious recreation room overlooking the South-facing concrete patio and canal, and a full kitchen with granite countertops. The large bedroom features oversized windows overlooking the sunny South backyard and a full 4-pc bathroom. Walk-out access leads directly to the fully fenced backyard, complete with tiered garden areas and a dedicated pet area. The canal frontage and lack of rear neighbours create an exceptional sense of privacy. The triple attached garage offers excellent parking and storage, along with a dedicated workshop area for projects and equipment. Central air conditioning provides year-round comfort. Located in Chestermere, residents enjoy easy access to Chestermere Lake, parks, pathways, playgrounds, schools, shopping, restaurants, and everyday services. Highway 1 provides convenient access to Calgary while allowing you to enjoy the privacy and quieter setting of canal-front living.


Property Details

Style2 Storey
View-
Age of property2014
SqFt~2392.97 SqFt
Lot Size-
Parking Spaces6
MLS ®NumberA2336303
Community NameRainbow Falls
Data SourcePILLAR 9
Listing byRE/MAX House of Real Estate

Features

Heating: Forced Air,Natural Gas
Cooling: Central Air
Basement: Full,Finished,Separate/Exterior Entry,Walk Out

Main Floor

Living Room

13`11" x 12`9"

Kitchen

13`1" x 11`10"

Pantry

9`2" x 6`0"

Dining Room

12`11" x 10`2"


Features

Patio: Awning(s),Balcony(s),Deck,Front Porch,Patio,Rooftop Patio

Parking

Garage spaces 3

Garage type -

Other parking spaces 3

Total parking spaces 6


Property History

Aug 11, 2026
ListedActive
$999,900
14 hours on market
history photo preview50
Listing by pillar 9®
Property listed by RE/MAX House of Real Estate, Brokerage
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Market Data - Rainbow Falls

Geo Zone Map ThumbnailRainbow Falls

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

37 days

Compared to

2025

21 days

2024

25 days

2023

33 days

New Listings

Past 30 days

8 listings

Compared to

2025

5 listings

2024

3 listings

2023

3 listings

Units sold

Past 30 days

3 units

Compared to

2025

2 units

2024

6 units

2023

3 units

Median Sold Price

Past 30 days

$940,000

Compared to

2025

$767,450

2024

$742,500

2023

$661,500


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