396 Rainbow Falls Way
Rainbow Falls, Chestermere, Alberta T1X1S6
$849,900
Listed by eXp Realty
MLS® A2354273

- Bedrooms
- 5
- Bathrooms
- 4 + 1 half
- Living area
- 2,490 sq ft
- Type
- House
- Built
- 2005
About this property
Welcome to 396 Rainbow Falls Way, a beautifully maintained two-storey home offering a rare lifestyle opportunity in one of Chestermere’s sought-after canal communities. Set on a large pie-shaped lot with a sunny southwest-facing backyard, this property backs onto the pathway system, canal and green space, creating an exceptional setting for outdoor living, beautiful views and recreation just beyond your back gate. Enjoy canal-side walks, cycling, kayaking or paddleboarding just steps from home.From the moment you arrive, the home impresses with beautiful curb appeal, a covered front porch, Hardie Board siding and a well-maintained exterior. Inside, hardwood flooring welcomes you into an inviting layout. Just off the entry, French doors open to a dedicated main-floor office, ideal for working from home, while a separate main-floor bedroom offers flexibility for guests or family. A convenient two-piece bathroom completes this level.The heart of the home is the beautifully appointed kitchen, featuring quartz countertops, stainless steel appliances, under-cabinet lighting, ample prep space and a large island ideal for casual dining or entertaining. The kitchen flows into the dining area and spacious living room, where soaring open-to-above ceilings and expansive windows bring in natural light while framing the backyard views. A fireplace anchors the living space, making this impressive room equally inviting on quieter evenings. From the dining area, step onto the upper deck and down to the stamped-concrete covered patio, ideal for summer evenings, morning coffee or gatherings with friends. The expansive, private backyard offers room for children to play, gardening or simply soaking up the southwest sunshine, with greenery, pathways and the canal beyond. The deep lot offers space to spread out, while the open landscape behind the property adds to the peaceful, private setting.Upstairs, the primary retreat offers an abundance of space, a walk-in closet and a five-pi ece ensuite. Two additional generously sized bedrooms are complemented by a four-piece bathroom and separate laundry room with sink, adding convenience to the upper level.The fully finished basement extends the living space with a large recreation room, an additional bedroom, a four-piece bathroom, storage and utility space with plenty of flexibility for movie nights, hobbies or visiting family. In-floor heating adds comfort to the basement and oversized finished garage, both served by a new boiler. Additional highlights include two furnaces and two brand-new front windows.With nearly 2,500 square feet above grade, five bedrooms, a finished basement, an oversized heated garage and a southwest-facing backyard backing onto the canal, green space and pathways, this home offers an outstanding combination of space, comfort and lifestyle. Enjoy a walk or bike ride along the pathways, paddle toward the lake, or unwind in your own private outdoor retreat. 396 Rainbow Falls Way is a special place to call home. (id:67740)
Property details
Building
| Structure | House |
|---|---|
| Property type | Single Family |
| Ownership | Freehold |
| Year built | 2005 |
| Storeys | 2 |
| Foundation | Poured Concrete |
Interior
| Bedrooms above grade | 4 |
|---|---|
| Bedrooms below grade | 1 |
| Half baths | 1 |
| Above grade finished area | 2,490 square feet |
| Basement | Finished, Full, Walk-up |
| Flooring | Hardwood, Carpeted |
| Heating | Forced air, Natural gas |
| Cooling | Central air conditioning |
| Fireplaces | 1 |
| Appliances | Washer, Refrigerator, Water softener, Range – Electric, Dishwasher, Dryer, Microwave Range Hood Combo, Window Coverings, Garage door opener |
Lot & exterior
| Lot size | 6,862.00 square feet |
|---|---|
| Lot dimensions | 6862.00 |
| Lot features | Treed, No neighbours behind, French door, Gas BBQ Hookup |
| Fencing | Fence |
| Community features | Golf Course Development, Lake Privileges |
| Zoning description | R-1 |
Parking
| Parking spaces | 4 |
|---|---|
| Parking | Attached Garage, Garage, Heated Garage |
Fees & taxes
| Annual property taxes | $849,900 |
|---|---|
| Tax year | 2026 |
Rooms
| Room | Level | Dimensions |
|---|---|---|
| 2pc Bathroom | Main level | 5.00 Ft x 6.00 Ft |
| Bedroom | Main level | 9.25 Ft x 9.17 Ft |
| Dining room | Main level | 10.50 Ft x 16.50 Ft |
| Foyer | Main level | 10.50 Ft x 8.58 Ft |
| Kitchen | Main level | 11.08 Ft x 16.50 Ft |
| Living room | Main level | 19.00 Ft x 14.00 Ft |
| Office | Main level | 10.50 Ft x 13.42 Ft |
| 4pc Bathroom | Second level | 11.83 Ft x 5.33 Ft |
| 5pc Bathroom | Second level | 11.92 Ft x 18.25 Ft |
| Bedroom | Second level | 15.17 Ft x 10.00 Ft |
| Bedroom | Second level | 12.83 Ft x 10.75 Ft |
| Laundry room | Second level | 7.42 Ft x 7.08 Ft |
| Primary Bedroom | Second level | 23.25 Ft x 17.17 Ft |
| 4pc Bathroom | Basement | 6.92 Ft x 9.25 Ft |
| Bedroom | Basement | 15.08 Ft x 14.50 Ft |
| Recreational, Games room | Basement | 15.67 Ft x 24.42 Ft |
| Storage | Basement | 16.08 Ft x 5.17 Ft |
| Furnace | Basement | 22.92 Ft x 8.17 Ft |
Location
Map location is approximate. Open larger map
Listing brokerage: eXp Realty
Listing data last updated November 4, 2026 3:48 pm.
Terms of use for MLS® listing content
By using this website and viewing its MLS® listing content you agree to these terms.
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. REALTOR.ca Canada Inc. reproduces and distributes this information as a service for its members and neither CREA nor REALTOR.ca Canada Inc. assumes responsibility for its accuracy
This website is operated by the Berg Estate Team (Tom Berg and Valery Berg), REALTORS® with eXp Realty, members of The Canadian Real Estate Association.
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, “screen scraping”, “database scraping”, and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.












































