homm

Open House

Sat, May 16, 12:00 PM - 2:00 PM

For SaleMLS® #A2309616Pillar 9

$659,000

6 days on hômm

161 Rainbow Falls Glen

Rainbow Falls, Chestermere, Alberta T1X 0S5

3+2
Beds
4 full + 1 half
Baths
1,898
Sqft
2014
Built
Residential2 StoreyDetached Single Family

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Description

This home is finally ready to sell. TURN-KEY and packed with potential, this beautifully maintained home in the heart of Chestermere offers the perfect opportunity to live comfortably while creating future rental income. With 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.

Included with Sale

Central Air ConditionerDishwasherDryerElectric StoveGarage Control(s)MicrowaveMicrowave Hood FanRefrigeratorWasherWindow Coverings

Nearby Amenities

GolfLakeParkPlaygroundPondSchools Nearby

Basement

Full,Finished,Separate/Exterior Entry,Walk Up

Parking

2 Garage

Heating

Fireplace(s),Forced Air

Cooling

Central Air

Financial Information

Property Taxes

$3,588/year (2025)

Lot Information

Lot Size

5,513 sq ft

Acres

0.13

Width

51.00 ft

Back LaneBack YardLandscapedRectangular LotStreet LightingTreed

Rooms (18)

Main

2pc Bathroom
215 sq ft
13.1 × 16.4 ft (215 sq ft)
Dining Room
1,464 sq ft
26.2 × 55.8 ft (1,464 sq ft)
Foyer
1,259 sq ft
29.5 × 42.7 ft (1,259 sq ft)
Kitchen
1,550 sq ft
39.4 × 39.4 ft (1,550 sq ft)
Living Room
2,906 sq ft
59.1 × 49.2 ft (2,906 sq ft)
Mud Room
581 sq ft
29.5 × 19.7 ft (581 sq ft)
Zoning: R1

MLS® #: A2309616

Listing provided by Phuong Trang

Brokerage: Stonemere Real Estate Solutions

Photos: 50 images

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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.

Mortgage values are calculated by hômm and are provided for estimate purposes only.

The hômm Estimate is calculated by instantestimate.house and is provided as a general estimate only.

Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®).

Listing information last updated on May 12, 2026 at 7:38 pm MDT