pillar/IMG-A2241731_1.jpg
20 days on Market

368 Rainbow Falls Dr, Chestermere, Alberta T1X 0L8

Townhouse
2
4 + 1
~1375.57 sqft
$•••,•••
$449,900
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Townhouse
2
4 + 1
~1375.57 sqft

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Highlights

Property Estimate

Days on market20 days

Estimated valueNot available

Price/Sqft$327/sqft

Monthly cost

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Description

***OPEN HOUSE AUGUST 9 FROM 11AM TO 1PM*** Welcome to 368 Rainbow Falls Drive, a fully developed walkout townhome with coveted lake access, perfectly situated directly across from Rainbow Falls Park in the highly desirable Brownstones community. This extensively upgraded 2 bedroom, 4 bathroom home offers over 1,800 square feet of thoughtfully designed living space spread over three levels. The main floor showcases an open-concept layout that seamlessly blends comfort and functionality, with a spacious living room flowing into the dining area and a chef-inspired kitchen featuring a large island with generous storage, granite countertops, new stainless steel appliances, elegant diagonal maple hardwood flooring, and 9-foot ceilings. Oversized windows fill the space with natural light throughout the day. Step out from the kitchen onto a west-facing deck, ideal for enjoying morning coffee, year-round BBQs with the gas hookup, and beautiful mountain views and sunsets, all while enjoying added privacy from mature trees. A convenient 2-piece powder room is tucked just off the landing to the lower level. Upstairs, the dual primary suite layout offers flexibility and privacy, with the main suite featuring a luxurious 4-piece ensuite with a soaker tub, walk-in shower, and a spacious walk-in closet, while the second suite includes its own 4-piece ensuite. The fully finished walkout basement provides a large, versatile rec room perfect for relaxing, a home office, or a gym, and also includes a 3-piece bathroom, laundry room, and access to the private lower patio and double detached garage. Recent upgrades include a new washer, dryer, and hot water tank. Additional features include central air conditioning, central vacuum, built-in surround sound with volume control, and ample street parking at both the front and rear. The location offers convenient access to scenic pathways, waterfalls, local parks, schools, and amenities, with quick connections to Highways 1, 2, and Stoney Trail. Residents also enjoy the lifestyle benefits of Lake Chestermere—a 750-acre lake fed by the Bow River—perfect for swimming, boating, fishing, and skating throughout the year. This quiet, well-managed complex is known for its welcoming community, beautifully maintained grounds, and low condo fees. Built by award-winning Lionsworthe Homes, this townhome offers quality, comfort, and convenience—schedule your showing today.


Property Details

Style2 Storey
View-
Age of property2010
SqFt~1375.57 SqFt
Lot Size-
Parking Spaces2
MLS ®NumberA2241731
Community NameRainbow Falls
Data SourcePILLAR 9
Listing byCIR Realty

Features

Heating: Forced Air
Central Vacuum
Cooling: Central Air
Basement: Finished,Full,Walk-Out To Grade

Basement Floor

Living Room

27`0" x 13`5"

Laundry

5`11" x 5`5"

3pc Bathroom

8`1" x 7`9"


Features

Patio: Deck,Patio
Balcony: Deck,Patio

Parking

Garage spaces 2

Garage type -

Other parking spaces 0

Total parking spaces 2


Property History

Jul 22, 2025
ListedActive
$449,900
20 days on market
history photo preview36
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

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

19 days

Compared to

2024

29 days

2023

15 days

2022

17 days

New Listings

Past 30 days

3 listings

Compared to

2024

3 listings

2023

5 listings

2022

2 listings

Units sold

Past 30 days

1 unit

Compared to

2024

1 unit

2023

5 units

2022

3 units

Median Sold Price

Past 30 days

$425,000

Compared to

2024

$435,000

2023

$385,000

2022

$361,500


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