Price Reduction - Golf Course

Address

161 Rainbow Falls Glen, Chestermere, AB

Listing Type

Active

Price

$ 599,000

Property Attributes

ID#A2309616
TypeSingle Family
Listing Status Active
CityChestermere
NeighbourhoodRainbow Falls
Postal CodeT1X 0S5
Style2 Storey
Year Built2014
Price$ 599,000
Bedrooms5
Full Bathrooms3
Half Bathrooms1
Sqr Footage1898
Lot Size0.126561 Acres

Data Source:

Pillar 9 Technologies

Property Description

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.

Price History
5/8/2026	Listed $659,000
7/2/2026	4$639,000
7/31/2026	4$619,000
8/31/2026	4$599,000

General Features

Heating	Fireplace(s),Forced Air
Cooling	Central Air
Roof	Asphalt Shingle
Appliances	Central Air Conditioner,Dishwasher,Dryer,Electric Stove,Garage Control(s),Microwave,Microwave Hood Fan,Refrigerator,Washer,Window Coverings
Zoning	R1
Number of Garage Spaces	2
Restrictions	None Known
Year Built	2014
Architectural Style	2 Storey
Community Features	Golf,Lake,Park,Playground,Pond,Schools Nearby,Shopping Nearby,Walking/Bike Paths
Levels	Two
Property Subtype	Detached
Transaction Type	For Sale
County	Chestermere
Property Type	Residential
Subdivision Name	Rainbow Falls
Parking Total	4
Construction Materials	Concrete,Mixed,Vinyl Siding,Wood Frame
Full Baths	3
Status	Active
City	Chestermere
Basement Development	Finished
Structure Type	House
Virtual Tour URL Branded	https://view.spiro.media/161_rainbow_falls_gl-4843
Standard Status	Active
Condo Type	Not a Condo
Suite	No

Interior Features

Interior Features	Double Vanity,Kitchen Island,Low Flow Plumbing Fixtures,No Animal Home,No Smoking Home,Open Floorplan,Stone Counters,Walk-In Closet(s)
Basement	Full
Flooring	Carpet,Hardwood,Tile
Fireplace Features	Double Sided,Gas,Living Room
Fireplaces Total	1
Basement Features	Separate/Exterior Entry,Walk Up
Half Baths	1
Bedrooms Above Grade	3
Rooms Above Grade	8
Ensuite	Yes
Total Bedrooms	5
Below Grade Finished Area Unit Type	SquareFeet
Total Baths	4
Laundry Features	Electric Dryer Hookup,Upper Level,Washer Hookup
Five Piece Ensuite Bath	1
Main Level Areas	SquareFeet

Exterior Features

Exterior Features	Private Entrance,Private Yard
Lot Features	Back Lane,Back Yard,Landscaped,Rectangular Lot,Street Lighting,Treed
Fencing	Fenced
Inclusions	none
Parking Features	Double Garage Detached
Frontage Length	15.54M 51`0
Foundation	Poured Concrete
Lot Size Acres	0.13
Garage Y/N	Yes
Lot Size Square Feet	5513
Frontage Ft	51.00
Patio And Porch Features	Deck,Front Porch