22 days on Market

392 Rainbow Falls Way, Chestermere, Alberta T1X 1S6

Detached
3 + 1
4 + 1
~2286.48 sqft
$•••,•••
$949,000
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Detached
3 + 1
4 + 1
~2286.48 sqft

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Highlights

Property Estimate

Days on market22 days

Estimated valueNot available

Price/Sqft$415/sqft

Monthly cost

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Description

OPEN HOUSE Sat. Mar. 14 12:00-2:00 ---Luxury canal-front living with a private backyard resort in Rainbow Falls. Tucked away on a quiet street and backing directly onto the scenic canal pathways, this beautifully maintained original-owner home offers a lifestyle that is rarely available in Chestermere. The south-facing backyard is a true retreat, featuring a low maintenance, heated outdoor pool (16x30) with a hard locking safety cover, hot tub, expansive patio, sunroom, fenced dog run, and large side yard — all perfectly positioned to take in the peaceful canal views. A private gate provides direct access to the pathway system and the lake just a short walk away. Inside, the home welcomes you with a large entrance and bright front office, ideal for working from home. The open concept main floor is designed for entertaining with a spacious living room, gas fireplace, and a stunning kitchen featuring quartz countertops, a large gathering island, gas stove, walk-through pantry, and a dining area overlooking the pool and canal. Upstairs, the impressive vaulted bonus room with oversized windows creates a perfect family gathering space. The primary retreat is truly special, with corner windows capturing beautiful canal views, a walk-in closet, and a spa-inspired 5-piece ensuite. Two additional bedrooms complete the upper level. The fully finished basement provides additional living space with a fourth bedroom, full 4pce bath and a flexible workshop/office area. For car lovers or hobbyists, the heated quad attached garage (tandem bay) includes 240V wiring, hot and cold water sink with a dedicated hobby space. Extensive upgrades include triple-pane windows, Hunter Douglas blinds with room-darkening shades, air conditioning, Hardy board siding, Class 4 impact resistant shingles, commercial 6" eaves, Gemstone Lights and fresh paint throughout the entire home. This is a rare opportunity to own a canal-front home with a private pool and resort-style backyard in one of Chestermere’s most sought-after communities.


Property Details

Style2 Storey
View-
Age of property2004
SqFt~2286.48 SqFt
Lot Size-
Parking Spaces6
MLS ®NumberA2293151
Community NameRainbow Falls
Data SourcePILLAR 9
Listing byRE/MAX Key

Features

Heating: Forced Air
Central Vacuum
Cooling: Central Air
Basement: Full,Finished,None

Main Floor

2pc Bathroom

4`10" x 4`11"

Dining Room

13`0" x 6`1"

Kitchen

12`7" x 14`1"

Living Room

20`6" x 14`0"


Features

Patio: Deck,Enclosed,Screened

Parking

Garage spaces 4

Garage type -

Other parking spaces 2

Total parking spaces 6


Property History

Mar 13, 2026
ListedActive
$949,000
22 days on market
history photo preview50
Listing by pillar 9®
Property listed by RE/MAX Key, Brokerage
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Market Data - Rainbow Falls

Geo Zone Map ThumbnailRainbow Falls

Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

36 days

Compared to

2025

24 days

2024

11 days

2023

0 day

New Listings

Past 30 days

4 listings

Compared to

2025

7 listings

2024

6 listings

2023

2 listings

Units sold

Past 30 days

2 units

Compared to

2025

1 unit

2024

2 units

2023

0 unit

Median Sold Price

Past 30 days

$841,000

Compared to

2025

$745,000

2024

$724,000


Population and Demographics

Overview

Total population 1592
Average household income $154,950

Age (%)

0 to 19
32%
20 to 34
15%
35 to 49
29%
50 to 64
16%
65 and plus
9%

Household composition (%)

Single family
83%
Single person
12%
Multi person
4%
Multi family
1%

Mother tongue (%)

English
79%
Punjabi (Panjabi)
6%
Vietnamese
3%
Others
2%
Tagalog (Pilipino, Filipino)
2%
Arabic
2%
Spanish
2%

House tenancy (%)

Owners
90%
Renters
10%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget