Open: Sat, 1PM to 3PM
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2 days on Market

432 Rainbow Falls Way, Chestermere, Alberta T1X 1S6

Detached
3 + 1
4 + 1
~2089.00 sqft
$659,900
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Detached
3 + 1
4 + 1
~2089.00 sqft

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Highlights

Property Estimate

Days on market2 days

Estimated valueNot available

Price/Sqft$315/sqft

Monthly cost

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Description

*OPEN HOUSE, Sat. Oct. 10, 1-3pm* Welcome to Rainbow Falls, where family friendly living meets an incredible outdoor lifestyle! Just minutes from Chestermere Lake, this established community offers beautiful parks, water features, pathways, bike trails, schools, recreation and everyday amenities, all with quick access to Calgary. Whether you're enjoying a summer day at the lake, heading out for a bike ride or relaxing in your own backyard, this is a community built for enjoying life. Situated on a massive pie lot backing directly onto green space and a pathway, this fully loaded home offers an exceptional combination of space, location and character. Inside, the show stopping living room immediately catches your eye with vaulted beam ceilings, soaring windows and a stunning stone fireplace with mantle. The natural light and impressive architecture give the space a true vacation home feel. The dining room is perfectly positioned with direct access to the expansive deck and incredible backyard with hot tub. The kitchen is exceptionally spacious and designed for gathering, featuring a large centre island, pantry, bar fridge and raised eating bar, with plenty of room for everyone to come together. A main floor office offers the perfect work from home space and could easily function as a 5th bedroom if desired for those larger families. A convenient powder room and main floor laundry and mudroom provide direct access to the oversized heated garage. Upstairs, the bedrooms are impressively sized, a rare feature! The Jack and Jill bathroom is exceptionally functional, with large walk in closets and private vanities for each bedroom. The primary suite is a true retreat with its own vaulted ceiling, abundant natural light and a spacious ensuite complete with a walk in closet, tiled soaker tub, separate shower and dedicated makeup counter. The fully developed basement adds even more living space with an additional bedroom, full bathroom, large recreation room and wet bar, plus plenty of storage. Outside is where this property shines even more. The sprawling pie lot backs onto green space and a pathway, offering privacy and room to enjoy the outdoors. Relax in the hot tub, entertain on the large deck or let the kids enjoy the expansive yard complete with underground sprinklers. Additional features include central air conditioning, water softener, RO system, central vacuum, newer carpet upstairs, newer vinyl flooring, fresh paint and a new hot water tank (2026). A fantastic home, an incredible lot and a lake lifestyle- this is Rainbow Falls living at its best! Check out the virtual tour.


Upcoming Open House

Oct 10Sat1:00 PM - 3:00 PM

Property Details

Style2 Storey
View-
Age of property2005
SqFt~2089.00 SqFt
Lot Size-
Parking Spaces4
MLS ®NumberA2350802
Community NameRainbow Falls
Data SourcePILLAR 9
Listing byCIR Realty

Features

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

Main Floor

Dining Room

11`6" x 9`7"

Kitchen

16`9" x 16`6"

Living Room

15`0" x 14`1"

Office

9`11" x 12`0"


Features

Patio: Deck

Parking

Garage spaces 2

Garage type -

Other parking spaces 2

Total parking spaces 4


Property History

Oct 7, 2026
ListedActive
$659,900
2 days on market
history photo preview50
Listing by pillar 9®
Property listed by CIR Realty, 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

39 days

Compared to

2025

40 days

2024

0 day

2023

94 days

New Listings

Past 30 days

5 listings

Compared to

2025

2 listings

2024

6 listings

2023

4 listings

Units sold

Past 30 days

3 units

Compared to

2025

4 units

2024

0 unit

2023

1 unit

Median Sold Price

Past 30 days

$695,000

Compared to

2025

$744,000

2023

$850,000


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