397 Rainbow Falls Drive
Active Listing

397 Rainbow Falls Drive

397 Rainbow Falls Drive, Chestermere

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3Bedrooms
3.5Bathrooms
$475,000Price
1,440Sq Ft

Welcome to the Brownstones of Rainbow Falls.

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Welcome to the Brownstones of Rainbow Falls! This 3 bedroom, 2 Story, walk out townhouse is one of a kind! Offering over 1400sqft of living space, this well maintained and spacious home is perfect for families, first time buyers, or investors. The main floor boasts a bright, open concept living and dining area, ideal for everyday living and entertaining. Large windows allow plenty of natural light throughout the day. The kitchen offers dark wood cabinets an oversize island, a New Refrigerator and Dishwasher and a washer/dryer for the upper level. Downstairs is fully developed with a private entrance, wet bar and laundry. Featuring New multizone Furnace and ducting, water tank, carpet, paint throughout, and washer/dryers. The basement ceiling has been dropped and sound insulation installed to allow a quiet comfortable space. Conveniently located close to schools, parks, walking paths, and restaurants.

Refined Amenities

Curated features for a sophisticated lifestyle.

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Specifications

Property Details

Property TypeResidential
Property SubtypeRow/Townhouse
Style2 Storey
StructureFive Plus
Transaction TypeFor Sale
Bedrooms3
Full Bathrooms3
Half Bathrooms1
Living Area1,440 sq ft
Living Area (m²)134.0 m²
Registered Size205.3 m²
Year Built2006
LevelsTwo
Entry Level1
Garage Spaces2
Parking Total3
Parking FeaturesDouble Garage Detached
HeatingENERGY STAR Qualified Equipment,Forced Air,Natural Gas
CoolingNone
FlooringCarpet,Linoleum,Vinyl
AppliancesDishwasher,Electric Stove,ENERGY STAR Qualified Dryer,ENERGY STAR Qualified Washer,Garage Control(s),Microwave Hood Fan,Refrigerator,Washer/Dryer Stacked,Window Coverings
Interior FeaturesCloset Organizers,Kitchen Island,Laminate Counters,No Smoking Home,Open Floorplan
LaundryIn Basement,In Kitchen
BasementFull
Basement DevelopmentFinished
Basement FeaturesWalk Out
RoofAsphalt Shingle
ConstructionVinyl Siding,Wood Frame,Wood Siding
FoundationPoured Concrete
Common Walls2+ Common Walls
Exterior FeaturesBalcony,Other,Private Entrance
FencingNone
Patio / PorchBalcony(s)
Lot FeaturesBack Lane,Back Yard,Front Yard,Landscaped
Condo/ComplexThe Brownstones at Rainbow Falls
Price / Sq Ft$329.93
Annual Taxes$2,421 (2025)
Condo Fee$442.90/Monthly
Fee IncludesAmenities of HOA/Condo,Common Area Maintenance,Maintenance Grounds,Professional Management,Reserve Fund Contributions,Snow Removal
ZoningR-3
PetsRestrictions
Possession30 Days / Neg,Negotiable,Other/See Remarks
Occupant TypeTenant
Title / LandFee Simple
InclusionsNA
Days on Market85
ListedJanuary 12, 2026
NeighbourhoodRainbow Falls
MLS NumberA2278613
The Location

Rainbow Falls

397 Rainbow Falls Drive, Chestermere, Alberta, T1X 0L1

Fishing
Golf
Lake
Park
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Your Luxury Real Estate Specialist

Inquiries & Private Showings

Spencer Rivers

Calgary luxury real estate specialist. Whether you are looking to buy, sell, or simply want more information about this property, I am here to help.

Listing courtesy of Century 21 Bravo Realty.

Listing Information

What are the annual property taxes?expand_more
The property taxes for 2025 are $2,421. Contact Spencer Rivers for the most recent assessment documents.
What are the condo/strata fees?expand_more
The condo fee is $442.90 Monthly. This includes: Amenities of HOA/Condo,Common Area Maintenance,Maintenance Grounds,Professional Management,Reserve Fund Contributions,Snow Removal.
Is a private viewing available?expand_more
Yes, private viewings are available by appointment. Contact Spencer Rivers at 403-966-9237 or visit our contact page to schedule a showing.
What is the listing status?expand_more
This property is currently Active. MLS A2278613. Listed January 12, 2026. Listed by Century 21 Bravo Realty.

Ask About This Property

Get in touch with Spencer Rivers for a private showing, detailed floor plans, or more information about this listing.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board (CREB). 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. Data last updated: April 8, 2026.