For Sale: 392 Rainbow Falls Way, Chestermere, AB - REW
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$849,000
4 bd 4 ba 2287 sf House

392 Rainbow Falls WayChestermere, AB, T1X 1S6

  • 4 Bed
  • 4 Bath
  • 2287 Sqft
  • House

About this home

Luxury canal-front living with a private backyard resort in Rainbow Falls. Tucked away on a quiet street and backing directly onto the scenic canal pathways, this beautifully maintained original-owner home offers a lifestyle that is rarely available in Chestermere. The south-facing backyard is a true retreat, featuring a low maintenance, heated outdoor pool (16x30) with a hard locking safety cover, hot tub, expansive patio, sunroom, fenced dog run, and large side yard — all perfectly positioned to take in the peaceful canal views. Pool care is quick and straightforward thanks to the streamlined system. A private gate provides direct access to the pathway system and the lake just a short walk away. Inside, the home welcomes you with a large entrance and bright front office, ideal for working from home. The open concept main floor is designed for entertaining with a spacious living room, gas fireplace, and a stunning kitchen featuring quartz countertops, a large gathering island, gas stove, walk-through pantry, and a dining area overlooking the pool and canal. Upstairs, the impressive vaulted bonus room with oversized windows creates a perfect family gathering space. The primary retreat is truly special, with corner windows capturing beautiful canal views, a walk-in closet, and a spa-inspired 5-piece ensuite. Two additional bedrooms complete the upper level. The fully finished basement provides additional living space with a fourth bedroom, full 4pce bath and a flexible workshop/office area. For car lovers or hobbyists, the heated quad attached garage (tandem bay) includes 240V wiring, hot and cold water sink with a dedicated hobby space. Extensive upgrades include triple-pane windows, Hunter Douglas blinds with room-darkening shades, air conditioning, Hardy board siding, Class 4 impact resistant shingles, commercial 6" eaves, Gemstone Lights and fresh paint throughout the entire home. This is a rare opportunity to own a canal-front home with a private pool and resort-style backyard in one of Chestermere’s most sought-after communities.
Listed by: Stacey Page, RE/MAX Key

Home facts and features

Price details
List Price
Home facts
Bedrooms
4
Full Bathrooms
3
Partial Bathrooms
1
Parking Spaces
4
Property Type
House
Lot Size
6099 ft²
Frontage
29.50 ft
Year Built
Built in 2004 (22 yrs old)
Style
2 Storey
Heating Type
Forced Air
Cooling
Central Air
Basement Details
Full
Features
Backs On To Park/green Space, Breakfast Bar, Ceiling Fan(s), Central Vacuum, Dog Run, Double Vanity, Fishing, Gas, Kitchen Island, Lake, Living Room, Main Level, No Back Lane, No Neighbours Behind, No Smoking Home, Other, Pantry, Park, Pie Shaped Lot, Pond, Private, Private Yard, Quartz Counters, Reverse Pie Shaped Lot, Schools Nearby, See Remarks, Sidewalks, Underground Sprinklers, Views, Walking/bike Paths, Wired For Sound
Amenities
Golf Course, Playground
Appliances
Central Air Conditioner, Dishwasher, Energy Star Qualified Dishwasher, Microwave Hood Fan, Refrigerator, Stove, Window Coverings
Agent details
Primary Agent
Primary Broker
RE/MAX Key
Listing details
Days on REW
85 Days
Property Views
45
MLS® Number
A2293151
Source
Pillar 9
Board
Calgary Real Estate Board
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Our Lady Of Wisdom School
  • n/a
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  • In Catchment
Chestermere Lake Middle School
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  • In Catchment
East Lake School
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  • In Catchment
Rainbow Creek Elementary School
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  • In Catchment
St. Gabriel The Archangel School
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  • In Catchment
Prairie Waters Elementary School
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  • In Catchment
Chestermere Learning Connection
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  • In Catchment
Tyndale Christian School
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  • In Catchment
Prince Of Peace Lutheran School
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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.