$849,900
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396 Rainbow Falls Way, Chestermere, AB T1X1S6

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5 Beds
4 Baths
2,490 Sq Ft

Welcome to 396 Rainbow Falls Way, a beautifully maintained two-storey home offering a rare lifestyle opportunity in one of Chestermeres 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-pi ece 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. (id:58753)

  • MLS® A2354273
  • Date Listed11/02/2026
  • Days on Realty 4 Days
  • Bedrooms 5
  • Bathrooms 4 baths
  • Lot Size 6,862 sq. ft
  • Subdivision Rainbow Falls
  • Year Built 2005
  • Square Feet 2,490 sq. ft
  • Price Per Sq. Ft $341.33

Interior Features

  • Appliances Washer, Refrigerator, Water softener, Range - Electric, Dishwasher, Dryer, Microwave Range Hood Combo, Window Coverings, Garage door opener
  • Flooring Hardwood, Carpeted
  • Cooling Central air conditioning
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 6,862.00
  • Lot Features Treed, No neighbours behind, French door, Gas B B Q Hookup

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T1X1S6

Discover key demographics, population statistics, and environmental insights for the Chestermere, AB area.

Walkability in AB / T1X1S6

Source: Walk Score

8/100

Car-Dependent

Walk Score ®

1/100

Minimal Transit

Transit Score ®

31/100

Bikable

Bike Score ®

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 8/100, Transit Score: 1/100, Bike Score: 31/100.

Frequently Asked Questions for 396 Rainbow Falls Way

Source: Realty.com

396 Rainbow Falls Way, Chestermere, AB T1X1S6 in Rainbow Falls, Chestermere, AB T1X1S6 is a single family residence listed at $849,900. Highlights include 5 bedrooms, 4 bathrooms, 2,490 sq. ft., built in 2005, $341 per sq. ft.. Realty.ca has 44 photos, sales history, school insights, and mortgage tools for this list...

Realty.com has 44 photos of 396 Rainbow Falls Way.

Our records indicate that 396 Rainbow Falls Way was built in 2005.

The full address for this home is 396 Rainbow Falls Way, Chestermere, AB T1X1S6.

396 Rainbow Falls Way has been listed on Realty.com since Mon November 02, 2026

The average walkability score in the surrounding area is Walk Score: 8/100, Transit Score: 1/100, Bike Score: 31/100.

This content last refreshed on 2026-11-06 17:43:02. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.