107 days on Market

408 Rainbow Falls Way, Chestermere, Alberta T1X 1S8

Detached
3 + 1
4 + 2
~2019.00 sqft
$•••,•••
$649,900
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Detached
3 + 1
4 + 2
~2019.00 sqft

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Highlights

Property Estimate

Days on market107 days

Estimated valueNot available

Price/Sqft$321/sqft

Monthly cost

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Description

Welcome to 408 Rainbow Falls Way, where comfort, space, and location come together in one of Chestermere's most sought-after communities. Backing directly onto the scenic canal pathway system, this beautifully maintained two-storey home offers direct access to walking and biking trails just steps from your backyard. The bright, open-concept main floor is designed for everyday living and entertaining, featuring a warm gas fireplace, a spacious kitchen with ample cabinetry and workspace, and an inviting dining and living area filled with natural light. Upstairs, you'll find three generous bedrooms, including a spacious primary retreat complete with a walk-in closet and private ensuite. A large bonus room provides the perfect space for family movie nights, a playroom, or a home office. The fully finished basement expands your living space with a fourth bedroom, a convenient half bathroom, and plenty of room for guests, hobbies, or a recreation area. Outside, enjoy professionally landscaped front and back yards and the privacy of backing onto green space and pathways instead of neighbouring homes. Located on a quiet street close to parks, schools, shopping, and all of Chestermere's amenities, this home offers an exceptional opportunity to enjoy the active, family-friendly lifestyle that Rainbow Falls is known for.


Property Details

Style2 Storey
View-
Age of property2005
SqFt~2019.00 SqFt
Lot Size-
Parking Spaces4
MLS ®NumberA2307290
Community NameRainbow Falls
Data SourcePILLAR 9
Listing byRE/MAX Key

Features

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

Main Floor

2pc Bathroom

7`8" x 5`4"

Dining Room

10`1" x 12`11"

Living Room

17`10" x 14`9"

Office

9`5" x 11`9"


Features

Patio: Deck,Front Porch,Patio,Rear Porch

Parking

Garage spaces 2

Garage type -

Other parking spaces 2

Total parking spaces 4


Property History

May 2, 2026
ListedActive
$649,900
107 days on market
history photo preview29
Listing by pillar 9®
Property listed by RE/MAX Key, 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