Detached Active

161 Rainbow Falls Glen

Chestermere, AB · T1X 0S5

$639,000CADPrice reduced $20,000 (was $659,000)
  • 5Bedrooms
  • 4Bathrooms
  • 1898Sq Feet
  • Double Garage DetachedGarage
  • 2014Year Built

About this home

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.

Highlights

  • Air Conditioning
  • Beautifully Maintained
  • Central Ac
  • Deck
  • Detached Garage
  • Ensuite
  • Fenced Yard
  • Finished Basement
  • Fireplace
  • Forced Air
  • Glass Backsplash
  • Granite Countertops
  • Hardwood Floors
  • Large Windows
  • Legal Suite
  • Mature Trees
  • Move In Ready
  • Pantry
  • Pathway Access
  • Primary Retreat
  • Rainbow Falls
  • Rental Income Potential
  • Stainless Appliances
  • Turnkey
  • Upper Floor Laundry
  • Walk In Closet

What's nearby

  • Grocery
  • Park
  • Pharmacy
  • Playground
  • Restaurant

Property facts

Interior

Bedrooms
5
Bathrooms
4
Square Feet
1,898
Flooring
Carpet, Hardwood, Tile
Basement
Full · Finished
Heating
Fireplace(s), Forced Air
Cooling
Central Air

Building

Property Type
Detached
Structure
House
Style
2 Storey
Year Built
2014
Garage
Double Garage Detached

Lot & Zoning

Lot Size
0.13
Zoning
R1

Condo & Fees

Restrictions
None Known

Location

Community
Rainbow Falls
City
Chestermere
Postal Code
T1X 0S5

Listing

MLS® Number
A2309616
Days on Market
58
Price per Sq Ft
$337/sqft
Taxes
$3,588 (2025)

Location

161 Rainbow Falls Glen, Chestermere, AB · T1X 0S5