homm
For SaleMLS® #A2309616CREA

$659,000

21 days on hômm

161 Rainbow Falls Glen

Rainbow Falls, Chestermere, Alberta T1X0S5

3+2
Beds
4 full + 1 half
Baths
1,898
Sqft
2014
Built
ResidentialDetached Single FamilySingle Family (RAE)

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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. (id:39198)

Included with Sale

WasherRefrigeratorDishwasherStoveDryerMicrowaveMicrowave Range Hood ComboWindow CoveringsGarage door opener

Nearby Amenities

Golf Course DevelopmentLake Privileges

Basement

Finished, Full, Separate entrance, Walk-up

Parking

4 Parking

Heating

Forced air, Other

Cooling

Central air conditioning

Financial Information

Property Taxes

$3,588/year (2025)

Lot Information

TreedBack laneNo Animal HomeNo Smoking Home

Rooms (18)

Main level

2pc Bathroom
242 sq ft
16.4 × 14.8 ft (242 sq ft)
Dining room
1,632 sq ft
55.8 × 29.3 ft (1,632 sq ft)
Foyer
1,389 sq ft
45.4 × 30.6 ft (1,389 sq ft)
Kitchen
1,682 sq ft
40.7 × 41.3 ft (1,682 sq ft)
Living room
3,085 sq ft
52.2 × 59.1 ft (3,085 sq ft)
Other
739 sq ft
22.7 × 32.5 ft (739 sq ft)
Zoning: R1

MLS® #: A2309616

Listing provided by Phuong Trang

Brokerage: Stonemere Real Estate Solutions

Photos: 50 images

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Copyright 2026 by the Canadian Real Estate Association (CREA). All Rights Reserved.

Data provided by the Canadian Real Estate Association (CREA). Data is deemed reliable but is not guaranteed accurate.

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.

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®).

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.

Listing information last updated on May 17, 2026 at 7:55 am MDT