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    396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273

    Begin your search of houses for sale in Chestermere on the MLS® below! Chestermere, originally named Chestermere Lake, is a small city found roughly 15 minutes east of Calgary in Rockyview County. With a population of about 21,000, Chestermere is home to some of the most exclusive lakefront properties in the Calgary Metropolitan Area and is a community where families tend to stay for the long-term.

    To learn more about Chestermere homes for sale or to schedule a private showing of any listing you see below, contact our team of experienced Realtors® by calling Cody & Jordan at 403.370.4008 anytime!

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    396 Rainbow Falls Way
    Rainbow Falls Chestermere T1X 1S6

    $849,900
    Residential beds: 5 baths: 4.0 2,490 sq. ft. built: 2005

    Amazing curb appeal ( photo has been AI-enhanced. )
    Photo 1: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 2: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 3: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 4: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 5: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 6: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 7: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 8: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 9: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 10: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 11: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
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    Photo 13: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 14: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 15: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 16: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 17: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 18: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 19: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 20: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 21: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 22: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 23: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 24: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 25: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 26: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
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    Photo 29: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 30: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 31: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 32: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 33: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 34: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 35: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 36: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 37: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 38: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 39: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 40: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 41: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 42: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 43: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Photo 44: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
    Status:
    Active
    Prop. Type:
    Residential
    MLS® Num:
    A2354273
    Bedrooms:
    5
    Bathrooms:
    4
    Year Built:
    2005
    Welcome to 396 Rainbow Falls Way, a beautifully maintained two-storey home offering a rare lifestyle opportunity in one of Chestermere’s 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-piece 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.
    Property Type:
    Residential
    Property Sub Type:
    Detached
    Condo Type:
    Not a Condo
    Transaction Type:
    For Sale
    Possession:
    Possession Date:
    Suite:
    No
    Num Legal Suites:
    0
    Num Illegal Suites:
    0
    Home Style:
    2 Storey
    Total Living Area:
    2,490 sq. ft.
    Main Level Finished Area:
    1,214 sq. ft.
    Upper Level Finished Area:
    1,276 sq. ft.
    Lower Level Finished Area:
    Above Grade Finished Area:
    Below Grade Finished Area:
    1,136 sq. ft.
    Taxes:
    Tax Assessed Value:
    HOA Fee Includes:
    Acreage:
    No
    Lot Area:
    6,862 sq. ft.
    Lot Frontage:
    29'8"
    Acres Cleared:
    Acres Cultivated:
    Acres Irrigated:
    Acres Leasehold:
    Acres Not Cultivated:
    Acres Freehold:
    Acres Seeded:
    Acres Tame Hay:
    Acres Treed:
    Acres Waste:
    Acres Water Rights:
    Front Exposure:
    Northwest
    Reg. Size:
    Reg. Size Includes:
    Levels:
    Two
    Total Rooms Above Grade:
    9
    Year built:
    2005 (Age: 21)
    Bedrooms:
    5 (Above Grd: 4)
    Bedrooms Above Grade:
    4
    Bedrooms On Main:
    1
    Bedrooms Below Grade:
    1
    Bathrooms:
    4.0 (Full:3, Half:1)
    Num Ensuite Baths:
    1
    Plan:
    04100177
    Heating:
    Forced Air, Natural Gas
    Basement:
    Full, Finished, Walk Up
    Foundation:
    Poured Concrete
    New Constr.:
    No
    Construction Material:
    Cement Fiber Board
    Structure Type:
    House
    Roof:
    Asphalt Shingle
    Ensuite:
    Yes
    Flooring:
    Carpet, Hardwood
    Cooling:
    Central Air
    Fireplaces:
    1
    Fireplace Details:
    Gas, Mantle, Stone
    Garage:
    Yes
    Garage Spaces:
    2
    Parking:
    Double Garage Attached, Heated Garage, Insulated
    Parking Places:
    4
    Parking Total/Covered:
    4 / -
    Laundry Features:
    Laundry Room, Upper Level
    Rainbow Falls
    Central Air Conditioner, Dishwasher, Dryer, Electric Range, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer, Water Softener, Window Coverings
    NA
    Utility Right Of Way
    Floor
    Type
    Size
    Other
    Main Floor
    Bedroom
    9'3" × 9'2"
    Main Floor
    Dining Room
    16'6" × 10'6"
    Main Floor
    Foyer
    10'6" × 8'7"
    Main Floor
    Kitchen
    16'6" × 11'1"
    Main Floor
    Living Room
    19' × 14'
    Main Floor
    Office
    13'5" × 10'6"
    2nd Floor
    Bedroom
    15'2" × 10'
    2nd Floor
    Bedroom
    12'10" × 10'9"
    2nd Floor
    Laundry
    7'5" × 7'1"
    2nd Floor
    Bedroom - Primary
    23'3" × 17'2"
    Basement
    Bedroom
    15'1" × 14'6"
    Basement
    Game Room
    24'5" × 15'8"
    Basement
    Storage
    16'1" × 5'2"
    Basement
    Furnace/Utility Room
    22'11" × 8'2"
    Floor
    Ensuite
    Pieces
    Other
    Main Floor
    No
    2
    5' x 6'
    2nd Floor
    No
    4
    11'10" x 5'4"
    2nd Floor
    Yes
    5
    11'11" x 18'3"
    Basement
    No
    4
    6'11" x 9'3"
    Title to Land:
    Fee Simple
    Community Features:
    Golf, Lake, Park, Playground, Pond, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
    Interior Features:
    Double Vanity, French Door, High Ceilings, Kitchen Island, Open Floorplan, Quartz Counters, Sump Pump(s)
    Exterior Features:
    BBQ gas line, Private Entrance, Private Yard
    Patio And Porch Features:
    Deck, Patio, Porch
    Lot Features:
    Back Yard, Backs on to Park/Green Space, Front Yard, No Back Lane, No Neighbours Behind, Pie Shaped Lot, Private, Treed
    Waterfront Features:
    Canal Access, Lake Access, Lake Privileges
    Num. of Parcels:
    0
    Outbuildings:
    Shed
    Fencing:
    Fenced
    Region:
    Chestermere
    Zoning:
    R-1
    Listed Date:
    Nov 01, 2026
    Days on Mkt:
    • Photo 1: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Amazing curb appeal ( photo has been AI-enhanced. )
    • Photo 2: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Front porch
    • Photo 3: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Entrance
    • Photo 4: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Entrance with view of main floor office.
    • Photo 5: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Main floor office
    • Photo 6: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
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    • Photo 7: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Beautiful living room with open to above
    • Photo 8: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
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    • Photo 9: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
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    • Photo 12: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Kitchen
    • Photo 13: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
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    • Photo 22: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Two-piece main floor bathroom
    • Photo 23: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      View from upper level to living room
    • Photo 24: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Photo 24 of 44
    • Photo 25: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Upper-level 4-piece bathroom
    • Photo 26: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Upper-level laundry
    • Photo 27: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Primary bedroom
    • Photo 28: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
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    • Photo 29: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Primary en-suite bathroom
    • Photo 30: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
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    • Photo 31: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Bedroom 2.
    • Photo 32: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Bedroom 3.
    • Photo 33: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Finished basement rec room
    • Photo 34: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Finished basement bedroom
    • Photo 35: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Basement bathroom, 4-piece exterior back deck
    • Photo 36: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Backyard (digitally enhanced)
    • Photo 37: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Backyard patio
    • Photo 38: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
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    • Photo 39: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Rear view
    • Photo 40: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Backyard
    • Photo 41: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
      Back deck
    • Photo 42: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
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    • Photo 44: 396 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2354273
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    Listed by eXp Realty
    Data was last updated November 5, 2026 at 02:05 AM (UTC)
    Area Statistics
    Listings on market:
    13
    Avg list price:
    $749,900
    Min list price:
    $349,900
    Max list price:
    $849,900
    Avg days on market:
    62
    Min days on market:
    3
    Max days on market:
    98
    Avg price per sq.ft.:
    $333.13
    These statistics are generated based on the current listing's property type and located in Rainbow Falls. Average values are derived using median calculations. This data is not produced by the MLS® system.
    CODY BATTERSHILL
    powered by myRealPage.com

    Why Choose Chestermere Real Estate?

    • Access Chestermere Lake for boating, water skiing, wake-boarding, canoeing and swimming during the warmer months of the year
    • Home away from home -> not too close to Calgary but not too far from major “big city” amenities either (about 15 minutes away)
    • Laid back ambiance and lakeside community with public access to the lake
    • Home to more than 500 businesses ready to serve you
    • Ample parks and pathways, recreational facilities and public programs

    Homes for sale in Chestermere come in a variety of shapes and sizes. From condos and townhouses to attached and detached properties, there’s a piece of Chestermere real estate for everyone in this small lakeside city. Typically, there’s over 100 listings on the MLS® in the area including more affordable condos in the $200s up to multi-million-dollar estates.

    Chestermere Community & Schools

    Chestermere is a rapidly growing city with a population increase of more than 30% since 2011. The central lake spans nearly five kilometres and is a major anchor of the community, providing many recreational opportunities for residents to relax and enjoy while also bringing neighbours together to engage in common activities. Hence, this small city has a very tight-knit feel to it, and is a place where families tend to stay for the long-term.

    A lengthy pathway system connects various neighbourhoods to each other, making it easy for children to go and visit their best friends in the adjacent community or to use for leisure and recreation purposes. The majority of Chestermere real estate is found on the west side of the lake, although newer developments are now springing up on the east side.

    Chestermere residents enjoy convenient access to in-community schools, including five elementary, three junior, and two senior – a few are also designated Catholic schools. Alternative learning opportunities are also provided by Bow Valley College and Rocky View Learning.

    Chestermere Amenities & Resources

    With more than 20,000 people and 525+ businesses serving the community, residents have ample access to a wide range of retail, food and drink, and professional services. If a trip to Calgary is needed, it takes about 15 minutes via the Trans Canada Highway (immediately accessible on the northeast side), or about the same amount of time when using Highway 1A (17th Avenue SE) on the south side.

    A brand new Costco, Walmart, Bed Bath & Beyond + more is found along Highway 1A just before entering Calgary. Part of the new East Hills Shopping Centre, you’ll also find a handful of restaurants and other shops and services here. Drive a little further on the Highway 1A to reach “International Avenue” where you’ll find a full spectrum of businesses and services ready to help you!

    Chestermere is also home to the 18-hole Lakeside Golf Club complete with a grill restaurant and event halls. The Calgary Yacht Club also calls the small city its home; as one of the largest man-made lakes in the Calgary region suitable for boating, it makes sense!

    Chestermere Home Website

    Chestermere Real Estate Agents

    Browsing houses for sale in Chestermere? Thinking about selling your current property? Our experienced Realtors® with RE/MAX House of Real Estate have the knowledge, tools and skillset to help guide you towards a successful transaction!

    Contact Cody & Jordan anytime at 403.370.4008 if you have questions or would like us to set up a private showing for you of any listing you’ve seen here! Get a Free Evaluation for your Bragg Creek property today!

    We are looking forward to helping you accomplish your real estate goals!

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