Open: Sat, 2PM to 4PM
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7 days on Market

469 Rainbow Falls Way, Chestermere, Alberta T1X 1S5

Detached
2 + 3
3
~1856.59 sqft
$1,069,000
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Detached
2 + 3
3
~1856.59 sqft

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Highlights

Property Estimate

Days on market7 days

Estimated valueNot available

Price/Sqft$575/sqft

Monthly cost

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Description

**OPEN HOUSE SAT JULY 25** 2-4PM** WELCOME TO ONE OF THE MOST IMPRESSIVE WALKOUT BUNGALOWS TO HIT THE MARKET! Completely transformed from top to bottom, this exceptional 5 BEDROOM home offers 3,683 SQ.FT. OF LUXURIOUS LIVING SPACE and is perfectly positioned on a premium POND LOT with a SUNNY SOUTHWEST BACKYARD offering breathtaking views. Walkout bungalows of this size and quality are incredibly hard to find, making this a truly special opportunity. Step inside and immediately appreciate the spectacular open-concept design highlighted by soaring 10-FOOT CEILINGS, built-in speakers, designer finishes and incredible pond views from the moment you walk through the door. The stunning chef's kitchen has been tastefully updated and is sure to impress with a massive centre island, GAS COOKTOP, premium appliances, beautiful custom cabinetry, Granite countertops, a Butler's Pantry that could easily be converted into a spice kitchen, plus a large walk-in pantry. The spacious dining area flows seamlessly into the beautiful living room, creating the perfect space for entertaining family and friends. Step outside to the upper deck featuring Duradek flooring, a gazebo, gas BBQ hookup and spectacular views overlooking the pond. The luxurious primary retreat is MASSIVE and designed for a KING-sized bedroom suite + offers direct access to the upper deck! The spacious WALK IN closet & lavish spa-inspired 5-piece ENSUITE featuring a custom tiled shower, two-person soaker tub and dual vanities. The main floor also features a 2nd bedroom, half bath & beautifully designed laundry room complete with custom cabinetry and a convenient dog wash station. The fully finished WALKOUT BASEMENT is an entertainer's dream. Floor-to-ceiling windows w/ IN-FLOOR HEATING create a bright & comfortable space featuring a massive family room, games area, custom bar w/ full appliance package + an impressive wine cellar. 3 additional bedrooms (one currently used as a gym) provide room for the entire family. The luxurious bathroom features a walk-in STEAM shower, while a 2nd kitchen area offers excellent flexibility for extended family, multi-generational living or future income potential. Outside, you'll fall in love with the professionally landscaped backyard featuring underground sprinklers, mature trees, a covered patio complete with HOT TUB & OUTDOOR TV, fire pit area and peaceful pond. Every outdoor space has been designed to maximize the incredible setting. The OVERSIZED HEATED TRIPLE ATTACHED GARAGE is every homeowner's dream, offering incredible space for vehicles, toys and hobbies while also featuring a CUSTOM STORAGE LOFT that provides exceptional storage without sacrificing valuable garage space. Additional features include IN-FLOOR HEAT WITH BOILER, central AIR CONDITIONING, built-in Gemstone exterior lighting and countless custom upgrades throughout. THIS IS A RARE OPPORTUNITY TO OWN A FULLY RENOVATED WALKOUT BUNGALOW ON A POND THAT TRULY NEEDS TO BE SEEN TO BE APPRECIATED!


Upcoming Open House

Jul 25Sat2:00 PM - 4:00 PM

Property Details

StyleBungalow
View-
Age of property2006
SqFt~1856.59 SqFt
Lot Size-
Parking Spaces6
MLS ®NumberA2327798
Community NameRainbow Falls
Data SourcePILLAR 9
Listing byReal Broker

Features

Heating: In Floor,Forced Air,Natural Gas
Central Vacuum
Cooling: Central Air
Basement: Full,Finished,Walk Out

Main Floor

3pc Bathroom

5`0" x 7`1"

6pc Ensuite bath

13`11" x 10`10"

Dining Room

13`3" x 8`7"

Kitchen

21`5" x 16`3"


Features

Patio: Deck,Front Porch,Patio

Parking

Garage spaces 3

Garage type -

Other parking spaces 3

Total parking spaces 6


Property History

Jul 16, 2026
ListedActive
$1,069,000
7 days on market
history photo preview49
Listing by pillar 9®
Property listed by Real Broker, Brokerage
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Market Data - Rainbow Falls

Geo Zone Map ThumbnailRainbow Falls

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

72 days

Compared to

2025

94 days

2024

34 days

2023

106 days

New Listings

Past 30 days

4 listings

Compared to

2025

7 listings

2024

6 listings

2023

3 listings

Units sold

Past 30 days

3 units

Compared to

2025

2 units

2024

2 units

2023

1 unit

Median Sold Price

Past 30 days

$755,000

Compared to

2025

$747,500

2024

$755,000

2023

$724,000


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