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1 day on Market

408 Rainbow Falls Way, Chestermere, Alberta T1X 1S8

Detached
3 + 1
4 + 2
~2019.00 sqft
$695,000
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Detached
3 + 1
4 + 2
~2019.00 sqft

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Highlights

Property Estimate

Days on market1 day

Estimated valueNot available

Price/Sqft$344/sqft

Monthly cost

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Description

Welcome to Rainbow Falls in Chestermere. This well-maintained two-storey home backs directly onto scenic pathways—ideal for evening walks or weekend bike rides. The main floor offers an inviting open-concept layout with a cozy gas fireplace, a functional kitchen with ample cabinetry, and bright dining and living areas that feel warm and connected. Upstairs, you’ll find three comfortable bedrooms, including a spacious primary suite with a large ensuite and walk-in closet, along with a versatile bonus room perfect for relaxing, gaming, or family movie nights. The fully finished basement adds even more living space, featuring an additional bedroom and a half bathroom. Situated on a quiet street and showcasing beautifully landscaped outdoor space, this home is located in one of Chestermere’s most desirable neighbourhoods—offering a perfect blend of comfort and community.


Upcoming Open House

May 3Sun1:00 PM - 3:00 PM

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
$695,000
1 day on market
history photo preview36
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 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

14 days

Compared to

2025

48 days

2024

27 days

2023

29 days

New Listings

Past 30 days

8 listings

Compared to

2025

3 listings

2024

12 listings

2023

4 listings

Units sold

Past 30 days

1 unit

Compared to

2025

4 units

2024

3 units

2023

3 units

Median Sold Price

Past 30 days

$692,500

Compared to

2025

$774,500

2024

$769,000

2023

$705,000


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