For Sale: 161 Rainbow Falls Glen, Chestermere, AB - REW
Boost your listing
Listing featured. Your listing will be featured on REW.
View featured placement
$659,000
5 bd 4 ba 1898 sf House

161 Rainbow Falls GlenChestermere, AB, T1X 0S5

  • 5 Bed
  • 4 Bath
  • 1898 Sqft
  • House

About this home

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.
Listed by: Phuong Trang, Stonemere Real Estate Solutions

Home facts and features

Price details
List Price
Home facts
Bedrooms
5
Full Bathrooms
3
Partial Bathrooms
1
Parking Spaces
2
Property Type
House
Lot Size
5663 ft²
Frontage
51.00 ft
Year Built
Built in 2014 (12 yrs old)
Style
2 Storey
Heating Type
Fireplace(s),Forced Air
Cooling
Central Air
Basement Details
Full
Features
Back Lane, Back Yard, Double Sided, Double Vanity, Electric Dryer Hookup, Gas, Kitchen Island, Lake, Landscaped, Living Room, Low Flow Plumbing Fixtures, No Animal Home, No Smoking Home, Open Floorplan, Park, Pond, Private Entrance, Private Yard, Rectangular Lot, Schools Nearby, Stone Counters, Street Lighting, Treed, Upper Level, Walk-in Closet(s), Walking/bike Paths, Washer Hookup
Amenities
Golf Course, Playground, Shopping Nearby
Appliances
Central Air Conditioner, Dishwasher, Dryer, Garage Control(s), Microwave, Microwave Hood Fan, Refrigerator, Stove, Washer, Window Coverings
Agent details
Primary Agent
Primary Broker
Stonemere Real Estate Solutions
Listing details
Days on REW
28 Days
Property Views
36
MLS® Number
A2309616
Source
Pillar 9
Board
Calgary Real Estate Board
Is this your listing? Help it to stand out.

Mortgage Calculator

Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

Connect with our mortgage partner

Aamir Khalique

Aamir Khalique

Dominion Lending

I provide excellent customer service, grant access to a wide range of lenders, and offer expert advice and guidance, saving you time. Let me tailor a solution to your unique needs and situation.

Connect with a mortgage expert

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

Property Insights

Our Lady Of Wisdom School
  • n/a
  • -
  • In Catchment
Rainbow Creek Elementary School
  • n/a
  • -
  • In Catchment
Chestermere Lake Middle School
  • n/a
  • -
  • In Catchment
East Lake School
  • n/a
  • -
  • In Catchment
St. Gabriel The Archangel School
  • n/a
  • -
  • In Catchment
Prairie Waters Elementary School
  • n/a
  • -
  • In Catchment
Chestermere Learning Connection
  • n/a
  • -
  • In Catchment
Tyndale Christian School
  • n/a
  • -
  • In Catchment
Prince Of Peace Lutheran School
  • n/a
  • -
  • In Catchment
Khalsa School Calgary Educational Foundation
  • n/a
  • -
  • In Catchment
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-06-05.