2 days on Market

280 Rainbow Falls Way, Chestermere, Alberta T1X 0T1

Detached
4 + 1
5 + 1
~2519.00 sqft
$1,040,000
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Detached
4 + 1
5 + 1
~2519.00 sqft

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Highlights

Property Estimate

Days on market2 days

Estimated valueNot available

Price/Sqft$412/sqft

Monthly cost

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Description

Welcome to elevated lake living in the highly sought after community of Rainbow Falls in Chestermere Lake. Perfectly positioned backing onto the canal and green space, this exceptional Douglas Homes built residence offers the ultimate blend of luxury, functionality, and lifestyle. Launch your paddleboard from your backyard and be on Chestermere Lake within minutes, all while enjoying unobstructed views, southern exposure, and no rear neighbours. Offering over 3,441 sq. ft. of professionally developed living space, this stunning walkout home features 5 bedrooms, 4.5 bathrooms, a custom developed south facing walkout basement, and a triple attached garage, all situated on a generous 5,495 sq. ft. lot. Meticulously maintained and extensively upgraded, the property boasts more than $140,000 IN PREMIUM ENHANCEMENTS, including a professionally developed basement featuring engineered hardwood flooring, custom solid oak doors, a custom built Irish pub style bar, and additional soundproofing insulation -2016 ($40,000); custom wine cellar –2021 ($21,000); motorized blinds throughout the home -2022 ($25,000); motorized privacy screens on the lower patio -2022 ($20,000); retractable balcony awnings with built-in wind sensors -2020 ($11,000); central air conditioning -2022 ($9,000); irrigation system servicing the lawn, garden boxes, and balcony planters -2025 ($4,000); new upper-level flooring -2024 ($3,500); new hot water tank -2023 ($2,613); fresh paint throughout key living areas and the primary bedroom -2025 ($2,500); and balcony privacy glass panels -2024 ($2,500). The thoughtfully designed floor plan combines elegant finishes with practical family living, while the south facing walkout basement and expansive outdoor spaces create the perfect setting for entertaining or relaxing while taking in the tranquil canal views. Located just steps from walking and biking pathways, Chestermere Lake, schools, shopping, restaurants, coffee shops, and everyday amenities, this is a rare opportunity to own one of Rainbow Falls' most desirable canalfront-inspired properties. Book your private showing today.


Property Details

Style2 Storey
View-
Age of property2015
SqFt~2519.00 SqFt
Lot Size-
Parking Spaces6
MLS ®NumberA2315050
Community NameRainbow Falls
Data SourcePILLAR 9
Listing byCIR Realty

Features

Heating: In Floor,Fireplace(s),Forced Air
Cooling: Central Air
Basement: Full,Finished,Walk Out

Main Floor

Kitchen

12`11" x 10`3"

Dining Room

10`8" x 6`6"

Living Room

19`3" x 15`0"

Office

10`2" x 9`11"


Features

Patio: Awning(s),Balcony(s),Patio

Parking

Garage spaces 3

Garage type -

Other parking spaces 3

Total parking spaces 6


Property History

Jun 4, 2026
ListedActive
$1,040,000
2 days on market
history photo preview50
Listing by pillar 9®
Property listed by CIR Realty, 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