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Data Last Updated November 2, 2026, 12:27 am

 
Courtesy of eXp Realty

Rainbow Falls 2 Storey
Bedrooms 5 Bathrooms 3 Parking 2
No Floor Plan Available
$849,900
MLS® #:  A2354273
Address:  396 Rainbow Falls Way
Size: 2,490 sq. ft.
Days On Website:  ACCESS Days on Website

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Descriptions:

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.

Status: Active
Includes: NA
Site Influences:
Back Yard, Backs on to Park/Green Space, Front Yard, No Back Lane, No Neighbours Behind, Pie Shaped Lot, Private, Treed
Legal Description:
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Location & Listing Info:
Zoning: R-1
Neighbourhood: Rainbow Falls
Lot Size: 0.16 sq.ft.
Lot Shape: Back Yard,Backs on to Park/Green Space,Front Yard,No Back Lane,No Neighbours Behind,Pie Shaped Lot,Private,Treed
Zone: Outside of Calgary
County: Chestermere
Property Info:
Property Type: Residential Detached Single Family
Home Style: 2 Storey
Year Built: 2005
Total Floor Area: 2,490 sq. ft.
Brokerage: eXp Realty
Construction Type: Cement Fiber Board
Front Exposure: NW
Exterior:
Exterior: Cement Fiber Board
Construction: Cement Fiber Board
Frontage: 9.04M 29`8"
Front Exposure: NW
Roof: Asphalt Shingle
Financial & Possession:
Tax: ACCESS Taxes
Possession: ACCESS Possession
Occupancy: ACCESS Occupancy
Seller's Rights Reserved: ACCESS Seller's Rights Reserved
Rooms:
Total Bedrooms: 5  (Bedrooms Above: 4)
Bathrooms: Full: 3 / Half: 1
Rooms Above: 9
Ensuite: Yes
Parking Plan Type: Double Garage Attached,Heated Garage,Insulated
Garage: 1
Additional Info:
Heating: Forced Air, Natural Gas
Basement: Full
Basement Type: Full
Floor Finish: Carpet, Hardwood
Fireplace Details: For Sale
Parking: Double Garage Attached, Heated Garage, Insulated
Total Parking: 4 
Restrictions: Contact for Restrictions
Heating Type: Forced Air,Natural Gas
Heating Fuel: Forced Air,Natural Gas
# of Finished Fireplaces: 1
Restrictions: Utility Right Of Way
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For viewing call 403-667-3618
Contact Aaron Wolfman -
8180 Macleod Trail SE, Calgary, Alberta, T2H 2B8
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The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.

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