$ 999,900

268 Rainbow Falls Way, Chestermere

LIKE-NEW, CANAL-FRONT HOME WITH A WALK-OUT ILLEGAL BASEMENT SUITE, SUNNY SOUTH BACKYARD & TRIPLE ATTACHED GARAGE IN CHESTERMERE. Backing directly onto a quiet canal w/ no neighbours behind, this exceptional home offers 5 bedrooms, 3.5 bathrooms, a fully developed walk-out illegal basement suite, triple attached garage w/ workshop space, elevator access to the basement, and 3 South-facing outdoor patios. The home welcomes you with a bright, modern interior featuring contemporary white finishes and durable hard-surface flooring throughout the above-grade living spaces. A spacious foyer opens naturally into the main level and above. The spacious living room is centred around a gas fireplace with stone surround and flows into the kitchen, complete w/ granite countertops, stainless steel appliances, gas cooktop, extensive cabinetry, and a walk-through pantry w/ direct access to the garage. The dining area overlooks the sunny South-facing backyard and canal. Sliding doors lead to a large rear deck w/ a gas BBQ line and uninterrupted views across the canal and fields beyond. A dedicated laundry room w/ side-by-side washer and dryer and built-in storage, plus a powder room. The main level also provides a full enclosed office for work-from-home days. Upstairs, 4 generously sized bedrooms are complemented by a large bonus room with its own fireplace. The private primary suite overlooks the canal and features a sunny South-facing balcony, a large walk-in closet, and a 4-pc ensuite, a drop-in soaker tub, a separate shower, and a private water closet. Three additional bedrooms share a full 4-pc bathroom w/ tub/shower combination. An elevator provides convenient access to the fully developed walk-out basement, configured as an illegal suite. Oversized windows bring abundant natural light into the lower level, which features a spacious recreation room overlooking the South-facing concrete patio and canal, and a full kitchen with granite countertops. The large bedroom features over sized windows overlooking the sunny South backyard and a full 4-pc bathroom. Walk-out access leads directly to the fully fenced backyard, complete with tiered garden areas and a dedicated pet area. The canal frontage and lack of rear neighbours create an exceptional sense of privacy. The triple attached garage offers excellent parking and storage, along with a dedicated workshop area for projects and equipment. Central air conditioning provides year-round comfort. Located in Chestermere, residents enjoy easy access to Chestermere Lake, parks, pathways, playgrounds, schools, shopping, restaurants, and everyday services. Highway 1 provides convenient access to Calgary while allowing you to enjoy the privacy and quieter setting of canal-front living. *VISIT MULTIMEDIA LINK FOR FULL DETAILS INCLUDING A FLOORPLAN AND VIRTUAL TOUR* (id:1945)
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Property details for 268 Rainbow Falls Way, Chestermere

Type
Residential
Bedrooms
5
Bathrooms
4
Living Area
2,393 square feet
Lot Size
5495.00
Stories
2
Basement
Finished, Full, Separate entrance, Walk out, Suite
Parking
Attached Garage, Garage, Heated Garage
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Exterior
Concrete, Vinyl siding
Ownership
Freehold
Annual Taxes
$5,202 (2025)

Nearby Listings Stat

Estimated price and comparable properties near 268 Rainbow Falls Way

Active Listings
29
Min Price
$574,900
Max Price
$1,098,800
Avg Price
$835,092
Days on Market
49
days
Sold Listings
13
Min Sold Price
$625,000
Max Sold Price
$1,398,800
Avg Sold Price
$852,934
Days until Sold
62
days

Neighbourhood Census Data

Chestermere, Alberta

Population
1,930
Median Age
33.8
Median Income
$57,440
Dwelling Value
$526,099

Housing Tenure

Owners 97%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 3.1
Pop. Density: 1,677.4/km²
Avg Shelter Cost: $2,339/mo
Owners with Mortgage: 90.2%
Owners Spending 30%+: 20.7%
Tenants Spending 30%+: 0%
English only: 96.1%
English and French: 2.6%
Neither: 1%
Median Household Income: $141,056
Median Employment Income: $57,984

Price History

Listed
August 11, 2026
by RE/MAX House of Real Estate
Current Price
$999,900
Type
Residential
For Sale
268 Rainbow Falls Way

Contact Agent Get in touch about 268 Rainbow Falls Way, Chestermere

Zee Zebian
Zee Zebian
RE/MAX House of Real Estate