161 Rainbow Falls Glen
Chestermere, AB T1X 0S5
For more information on this listing, contact us at: (403) 556-0263
Active
$599,000
-9.1%
161 Rainbow Falls Glen Chestermere, AB T1X 0S5
Detached
Property Type
5
Beds
3 Full 1 Half
Baths
1,898
Sq. Ft.
2014
Year Built
Chestermere
County
Built in 2014, this home is packed with potential. At 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.
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.
MLS® #
A2309616
Monthly Assoc. Fee
N/A
On Site
157 Days
Last Updated
9/30/2026
Contact Agent
Ricky Jin
(403) 556-0263Property Details
Community Information
Address
161 Rainbow Falls Glen, Chestermere, AB T1X 0S5
County
Chestermere
City
Chestermere
Zoning
R1
Subdivision
Rainbow Falls
Postal Code
T1X 0S5
Architecture
Bedrooms
5
Bathrooms
3 Full / 1 Half
Year Built
2014
Stories
2
Style
2 Storey
Construction Type
Concrete, Mixed, Vinyl Siding, Wood Frame
Structure Type
House
Roof
Asphalt Shingle
Foundation
Poured Concrete
Basement
Full
Basement Development
Finished
Basement Features
Separate/Exterior Entry, Walk Up
Features / Amenities
Fin. Sq. Ft.
1898
Exterior Features
Private Entrance, Private Yard
Flooring
Carpet, Hardwood, Tile
Fireplace
Double Sided, Gas, Living Room
Amenities
Double Vanity, Kitchen Island, Low Flow Plumbing Fixtures, No Animal Home, No Smoking Home, Open Floorplan, Stone Counters, Walk-In Closet(s)
Restrictions
None Known
Laundry
Electric Dryer Hookup, Upper Level, Washer Hookup
Bedrooms Above Grade
3
Bedrooms Below Grade
2
Parking
Double Garage Detached
Number of Parking
4
Patio And Porch
Deck, Front Porch
Heating
Fireplace(s), Forced Air
Property Features
Lot Size
0.13 Acres
Lot Features
Back Lane, Back Yard, Landscaped, Rectangular Lot, Street Lighting, Treed
Front Exposure
South
Community Features
Golf, Lake, Park, Playground, Pond, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Zoning
R1
Rooms
| Level | Size | Description | |
| Bedroom - Primary | Second | 14`8" x 15`11" | |
| 2pc Bathroom | Main | 4`6" x 5`0" | |
| Dining Room | Main | 8`11" x 17`0" | |
| Foyer | Main | 9`4" x 13`10" | |
| Kitchen | Main | 12`7" x 12`5" | |
| Living Room | Main | 18`0" x 15`11" | |
| Mud Room | Main | 9`11" x 6`11" | |
| 4pc Bathroom | Second | 9`11" x 4`11" | |
| 5pc Ensuite bath | Second | 9`3" x 7`10" | |
| Bedroom | Second | 9`11" x 10`7" | |
| Bedroom | Second | 10`0" x 10`1" | |
| Bonus Room | Second | 12`7" x 12`11" | |
| Walk-In Closet | Second | 8`2" x 7`11" | |
| 3pc Bathroom | Lower | 4`11" x 8`4" | |
| Bedroom | Lower | 9`11" x 11`10" | |
| Bedroom | Lower | 9`2" x 11`9" | |
| Family Room | Lower | 20`11" x 18`6" | |
| Furnace/Utility Room | Lower | 13`7" x 7`0" |
Mortgage Calculator
Your monthly payment will be
$0,000
Loan and interest only.
Purchase price
Down payment
Price Change History
| Date | Old Price | New Price | Percent Change |
| 7/2/2026 | $659,000 | $639,000 |
-3%
|
| 7/31/2026 | $639,000 | $619,000 |
-3.1%
|
| 8/31/2026 | $619,000 | $599,000 |
-3.2%
|
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Listing Information Last Updated 9/30/2026
Listing provided courtesy of Stonemere Real Estate Solutions.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.