161 Rainbow Falls Glen Chestermere, AB T1X 0S5
Listing Courtesy of: PILLAR 9 - IDX / Stonemere Real Estate Solutions

  161 Rainbow Falls Glen Chestermere, AB T1X 0S5

Active (4 Days)
$480,883 (USD)
5
BED
4
BATH
1,898
SQFT

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.

MLS®:
A2309616
Lot Size
5,513 SQFT
Type
Single-Family Home
Year Built
2014
Style
2 Storey

Listed By

Phuong Trang, Stonemere Real Estate Solutions
Source
PILLAR 9 - IDX
Last checked May 13 2026 at 12:36 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
  • Half Bathroom: 1
Interior Features
  • Appliances : Refrigerator
  • Appliances : Dishwasher
  • Appliances : Electric Stove
  • Appliances : Dryer
  • Appliances : Garage Control(s)
  • Appliances : Microwave
  • Appliances : Window Coverings
  • Appliances : Washer
  • Appliances : Microwave Hood Fan
  • Laundry/Utility Room : Upper Level
  • Laundry/Utility Room : Electric Dryer Hookup
  • Laundry/Utility Room : Washer Hookup
  • Double Vanity
  • Kitchen Island
  • No Smoking Home
  • Open Floorplan
  • Walk-In Closet(s)
  • Stone Counters
  • No Animal Home
  • Low Flow Plumbing Fixtures
  • Appliances : Central Air Conditioner
Subdivision
  • Rainbow Falls
Lot Information
  • Landscaped
  • Treed
  • Street Lighting
  • Rectangular Lot
  • Back Lane
  • Back Yard
Property Features
  • Fireplace: Gas
  • Fireplace: Living Room
  • Fireplace: Total Fireplace(s) : 1 Double Sided
  • Foundation: Poured Concrete
Heating and Cooling
  • Forced Air
  • Central Air
Basement Information
  • Full
Flooring
  • Carpet
  • Hardwood
  • Tile
Exterior Features
  • Roof: Asphalt Shingle
Garage
  • Double Garage Detached
Parking
  • Parking Space(s) : 4
Stories
  • 2
Living Area
  • 1,898 sqft
Location
   
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Disclaimer: Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. 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.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. 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.