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161 Rainbow Falls Glen
Rainbow Falls Chestermere T1X 0S5

$659,000
Residential beds: 5 baths: 4.0 1,898 sq. ft. built: 2014

Main Photo: 161 Rainbow Falls Glen in Chestermere: Rainbow Falls Detached for sale : MLS®# A2309616
Photo 1: 161 Rainbow Falls Glen in Chestermere: Rainbow Falls Detached for sale : MLS®# A2309616
Photo 2: 161 Rainbow Falls Glen in Chestermere: Rainbow Falls Detached for sale : MLS®# A2309616
Photo 3: 161 Rainbow Falls Glen in Chestermere: Rainbow Falls Detached for sale : MLS®# A2309616
Photo 4: 161 Rainbow Falls Glen in Chestermere: Rainbow Falls Detached for sale : MLS®# A2309616
Photo 5: 161 Rainbow Falls Glen in Chestermere: Rainbow Falls Detached for sale : MLS®# A2309616
Photo 6: 161 Rainbow Falls Glen in Chestermere: Rainbow Falls Detached for sale : MLS®# A2309616
Photo 7: 161 Rainbow Falls Glen in Chestermere: Rainbow Falls Detached for sale : MLS®# A2309616
Photo 8: 161 Rainbow Falls Glen in Chestermere: Rainbow Falls Detached for sale : MLS®# A2309616
Photo 9: 161 Rainbow Falls Glen in Chestermere: Rainbow Falls Detached for sale : MLS®# A2309616
Photo 10: 161 Rainbow Falls Glen in Chestermere: Rainbow Falls Detached for sale : MLS®# A2309616
Photo 11: 161 Rainbow Falls Glen in Chestermere: Rainbow Falls Detached for sale : MLS®# A2309616
Photo 12: 161 Rainbow Falls Glen in Chestermere: Rainbow Falls Detached for sale : MLS®# A2309616
Photo 13: 161 Rainbow Falls Glen in Chestermere: Rainbow Falls Detached for sale : MLS®# A2309616
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Photo 22: 161 Rainbow Falls Glen in Chestermere: Rainbow Falls Detached for sale : MLS®# A2309616
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Photo 24: 161 Rainbow Falls Glen in Chestermere: Rainbow Falls Detached for sale : MLS®# A2309616
Photo 25: 161 Rainbow Falls Glen in Chestermere: Rainbow Falls Detached for sale : MLS®# A2309616
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Photo 50: 161 Rainbow Falls Glen in Chestermere: Rainbow Falls Detached for sale : MLS®# A2309616
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2309616
Bedrooms:
5
Bathrooms:
4
Year Built:
2014
This home is finally ready to sell. TURN-KEY and packed with potential, this beautifully maintained home in the heart of Chestermere offers the perfect opportunity to live comfortably while creating future rental income. With almost 1,900 SQ FT above grade plus a builder-finished basement with separate rear access, this property is ideal for buyers looking for a “live up, rent down” setup. Welcoming you in is a charming front veranda and bright open-concept main floor featuring large windows, hardwood flooring throughout the main and second level, and a spacious living room with double-sided fireplace connecting to the dining area. The kitchen is designed for both function and style with granite countertops, tiled backsplash, stainless steel appliances, huge island, corner pantry, and plenty of cabinetry. A functional mudroom leads to the oversized detached garage, and central A/C (as is) keeps the home comfortable all summer long. Upstairs features a bonus room, upper-floor laundry, and 3 generous bedrooms including a spacious primary retreat with walk-in closet and ensuite featuring dual vanities. The fully finished builder-completed basement adds major value with 2 additional bedrooms with egress windows, a full 3-piece bathroom, large family room, and separate back entrance access making it an incredible opportunity for future legal suite development subject to approval and permitting by the city/municipality, multi-generational living, or mortgage-helping rental income. Outside, enjoy the large deck, fenced yard, mature trees, and beautiful perennials on this wide 50’ lot. Located just steps from scenic walking paths, ponds, waterfalls, canals, schools, and parks in one of Chestermere’s most family-friendly communities. A move-in ready home with flexibility, functionality, and income potential — this is one you don’t want to miss.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Num Legal Suites:
0
Num Illegal Suites:
0
Home Style:
2 Storey
Total Living Area:
1,898 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Acreage:
No
Lot Area:
5,513 sq. ft.
Lot Frontage:
51'
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Front Exposure:
South
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2014 (Age: 12)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
1310826
Heating:
Fireplace(s), Forced Air
Basement:
Full, Finished, Separate/Exterior Entry, Walk Up
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Mixed, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Double Sided, Gas, Living Room
Garage:
Yes
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
4
Parking Total/Covered:
4 / -
Laundry Features:
Electric Dryer Hookup, Upper Level, Washer Hookup
Rainbow Falls
Central Air Conditioner, Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
none
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
17' × 8'11"
Main Floor
Foyer
13'10" × 9'4"
Main Floor
Kitchen
12'7" × 12'5"
Main Floor
Living Room
18' × 15'11"
Main Floor
Mud Room
9'11" × 6'11"
2nd Floor
Bedroom
10'7" × 9'11"
2nd Floor
Bedroom
10'1" × 10'
2nd Floor
Bonus Room
12'11" × 12'7"
2nd Floor
Bedroom - Primary
15'11" × 14'8"
2nd Floor
Walk-In Closet
8'2" × 7'11"
Lower Level
Bedroom
11'10" × 9'11"
Lower Level
Bedroom
11'9" × 9'2"
Lower Level
Family Room
20'11" × 18'6"
Lower Level
Furnace/Utility Room
13'7" × 7'
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5' x 4'6"
2nd Floor
No
4
4'11" x 9'11"
2nd Floor
Yes
5
7'10" x 9'3"
Lower Level
No
3
8'4" x 4'11"
Title to Land:
Fee Simple
Community Features:
Golf, Lake, Park, Playground, Pond, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
Double Vanity, Kitchen Island, Low Flow Plumbing Fixtures, No Animal Home, No Smoking Home, Open Floorplan, Stone Counters, Walk-In Closet(s)
Exterior Features:
Private Entrance, Private Yard
Patio And Porch Features:
Deck, Front Porch
Lot Features:
Back Lane, Back Yard, Landscaped, Rectangular Lot, Street Lighting, Treed
Num. of Parcels:
0
Fencing:
Fenced
Region:
Chestermere
Zoning:
R1
Listed Date:
May 08, 2026
Days on Mkt:
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3D Tour

Listed by Stonemere Real Estate Solutions
Data was last updated May 9, 2026 at 08:05 AM (UTC)
Area Statistics
Listings on market:
25
Avg list price:
$669,900
Min list price:
$339,900
Max list price:
$1,099,900
Avg days on market:
38
Min days on market:
1
Max days on market:
214
Avg price per sq.ft.:
$329.93
These statistics are generated based on the current listing's property type and located in Rainbow Falls. Average values are derived using median calculations. This data is not produced by the MLS® system.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.