For Sale: 396 Rainbow Falls Way, Chestermere, AB - REW
Boost your listing
Listing featured. Your listing will be featured on REW.
View featured placement
$849,900
5 bd • 4 ba • 2490 sf • House

396 Rainbow Falls WayChestermere, AB, T1X 1S6

  • 5 Bed
  • 4 Bath
  • 2490 Sqft
  • House

About this home

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-piece 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.
Listed by: Adnan Ali Assaf, eXp Realty of Canada

Home facts and features

Price details
List Price
Home facts
Bedrooms
5
Full Bathrooms
3
Partial Bathrooms
1
Parking Spaces
4
Property Type
House
Lot Size
6862 ft²
Frontage
29.66 sqft
Year Built
Built in 2005 (21 yrs old)
Style
2 Storey
Exterior Finish
Cement Fiber Board
Heating Type
Forced Air, Natural Gas
Cooling
Central Air
Basement Details
Full
Features
Deck, Double Vanity, French Door, Golf, High Ceilings, Kitchen Island, Lake, Laundry Room, Open Floorplan, Park, Patio, Playground, Pond, Porch, Quartz Counters, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Sump Pump(s), Upper Level, Walking/bike Paths
Appliances
Central Air Conditioner, Dishwasher, Dryer, Electric Range, Garage Control(s), Microwave, Refrigerator, Washer, Water Softener
Agent details
Primary Agent
Primary Broker
eXp Realty of Canada
Listing details
Days on REW
1 Day
MLS® Number
A2354273
Source
Pillar 9
Board
Calgary Real Estate Board
Is this your listing? Help it to stand out.

Mortgage Calculator

provided by REW Digital Ltd
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

Found a home you love? Let's get you pre-approved and mortgage-ready so you can shop with confidence and make stronger offers.

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
Chestermere Lake Middle School
  • n/a
  • -
  • In Catchment
East Lake School
  • n/a
  • -
  • In Catchment
Rainbow Creek Elementary 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 2026-11-02.
We use cookies and other technologies for functionality, security, and to provide you with a personalized experience on our online services. By continuing to use our online services, you agree to our Privacy Policy and Terms of Use. For information on how to adjust your privacy settings, visit our Cookie Policy.
Dismiss