pillar/IMG-A2278613_1.jpg
5 days on Market

397 Rainbow Falls Dr, Chestermere, Alberta T1X 0L1

Townhouse
3
4 + 1
~1439.70 sqft
$475,000
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Townhouse
3
4 + 1
~1439.70 sqft

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Highlights

Property Estimate

Days on market5 days

Estimated valueNot available

Price/Sqft$329/sqft

Monthly cost

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Description

Welcome to the Brownstones of Rainbow Falls! This 3 bedroom, 2 Story, walk out townhouse is one of a kind! Offering over 1400sqft of living space, this well maintained and spacious home is perfect for families, first time buyers, or investors. The main floor boasts a bright, open concept living and dining area, ideal for everyday living and entertaining. Large windows allow plenty of natural light throughout the day. The kitchen offers dark wood cabinets an oversize island, and washer/dryer for the upper level. Downstairs is fully developed with a private entrance, wet bar and laundry. Featuring New multizone and ducting, water tank, carpet, paint throughout, and washer/dryers. The basement ceiling has been dropped and sound insulation installed to allow a quiet comfortable space. Conveniently located close to schools, parks, walking paths, and restaurants.


Property Details

Style2 Storey
View-
Age of property2006
SqFt~1439.70 SqFt
Lot Size-
Parking Spaces3
MLS ®NumberA2278613
Community NameRainbow Falls
Data SourcePILLAR 9
Listing byCentury 21 Bravo Realty

Features

Heating: ENERGY STAR Qualified Equipment,Forced Air,Natural Gas
Basement: Full,Finished,Walk Out

Lower Floor

Laundry

5`7" x 4`11"

Other

9`9" x 5`5"

Entrance

5`0" x 3`10"

Game Room

26`9" x 14`11"


Features

Patio: Balcony(s)
Balcony: Balcony(s)

Parking

Garage spaces 2

Garage type -

Other parking spaces 1

Total parking spaces 3


Property History

Jan 12, 2026
ListedActive
$475,000
5 days on market
history photo preview36
Listing by pillar 9®
Property listed by Century 21 Bravo Realty, Brokerage
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Market Data - Rainbow Falls

Geo Zone Map ThumbnailRainbow Falls

Strong Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

16 days

Compared to

2025

42 days

2024

20 days

2023

21 days

New Listings

Past 30 days

0 listing

Compared to

2025

0 listing

2024

2 listings

2023

1 listing

Units sold

Past 30 days

1 unit

Compared to

2025

2 units

2024

2 units

2023

1 unit

Median Sold Price

Past 30 days

$385,000

Compared to

2025

$432,500

2024

$404,000

2023

$356,000


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