2 days on Market

392 Rainbow Falls Way, Chestermere, Alberta T1X 1S6

Detached
3 + 1
4 + 1
~2286.48 sqft
$959,000
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Detached
3 + 1
4 + 1
~2286.48 sqft

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Highlights

Property Estimate

Days on market2 days

Estimated valueNot available

Price/Sqft$419/sqft

Monthly cost

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Description

OPEN HOUSE Sat. Mar. 14 12:00-2:00 ---Luxury canal-front living with a private backyard resort in Rainbow Falls. Tucked away on a quiet street and backing directly onto the scenic canal pathways, this beautifully maintained original-owner home offers a lifestyle that is rarely available in Chestermere. The south-facing backyard is a true retreat, featuring a low maintenance, heated outdoor pool (16x30) with a hard locking safety cover, hot tub, expansive patio, sunroom, fenced dog run, and large side yard — all perfectly positioned to take in the peaceful canal views. A private gate provides direct access to the pathway system and the lake just a short walk away. Inside, the home welcomes you with a large entrance and bright front office, ideal for working from home. The open concept main floor is designed for entertaining with a spacious living room, gas fireplace, and a stunning kitchen featuring quartz countertops, a large gathering island, gas stove, walk-through pantry, and a dining area overlooking the pool and canal. Upstairs, the impressive vaulted bonus room with oversized windows creates a perfect family gathering space. The primary retreat is truly special, with corner windows capturing beautiful canal views, a walk-in closet, and a spa-inspired 5-piece ensuite. Two additional bedrooms complete the upper level. The fully finished basement provides additional living space with a fourth bedroom, full 4pce bath and a flexible workshop/office area. For car lovers or hobbyists, the heated quad attached garage (tandem bay) includes 240V wiring, hot and cold water sink with a dedicated hobby space. Extensive upgrades include triple-pane windows, Hunter Douglas blinds with room-darkening shades, air conditioning, Hardy board siding, Class 4 impact resistant shingles, commercial 6" eaves, Gemstone Lights and fresh paint throughout the entire home. This is a rare opportunity to own a canal-front home with a private pool and resort-style backyard in one of Chestermere’s most sought-after communities.


Property Details

Style2 Storey
View-
Age of property2004
SqFt~2286.48 SqFt
Lot Size-
Parking Spaces6
MLS ®NumberA2293151
Community NameRainbow Falls
Data SourcePILLAR 9
Listing byRE/MAX Key

Features

Heating: Forced Air
Central Vacuum
Cooling: Central Air
Basement: Full,Finished,None

Main Floor

2pc Bathroom

4`10" x 4`11"

Dining Room

13`0" x 6`1"

Kitchen

12`7" x 14`1"

Living Room

20`6" x 14`0"


Features

Patio: Deck,Enclosed,Screened

Parking

Garage spaces 4

Garage type -

Other parking spaces 2

Total parking spaces 6


Property History

Mar 13, 2026
ListedActive
$959,000
2 days on market
history photo preview50
Listing by pillar 9®
Property listed by RE/MAX Key, 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

12 days

Compared to

2025

15 days

2024

33 days

2023

24 days

New Listings

Past 30 days

2 listings

Compared to

2025

3 listings

2024

2 listings

2023

4 listings

Units sold

Past 30 days

3 units

Compared to

2025

3 units

2024

3 units

2023

1 unit

Median Sold Price

Past 30 days

$744,000

Compared to

2025

$758,900

2024

$840,000

2023

$617,500


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