292 Rainbow Falls Drive
Active Listing

292 Rainbow Falls Drive

292 Rainbow Falls Drive, Chestermere

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3Bedrooms
3.5Bathrooms
$489,983Price
1,296Sq Ft

Welcome to this beautifully maintained END-UNIT townhouse offering over 1,800 sq ft of developed living space, including a fully finished walk-out basement.

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Welcome to this beautifully maintained END-UNIT townhouse offering over 1,800 sq ft of developed living space, including a fully finished walk-out basement. With 1,300+ sq ft above grade plus approximately 600 sq ft in the basement, this home is perfect for families, first-time buyers, or investors, combining comfort, functionality, and an excellent location. The bright open-concept main floor with 9-foot ceilings features a spacious living and dining area filled with natural light. The living room faces the park and fountain and boasts floor-to-ceiling windows, creating a beautiful and relaxing view. The well-appointed kitchen showcases dark cabinetry, a large pantry, an oversized island, and heated floors. A built-in central speaker system with amplifier adds the perfect touch for entertaining and everyday living. Upstairs you’ll find a primary bedroom with large sun-filled windows facing the front park, a walk-in closet with its own window, and a luxurious 5-piece ensuite with heated floors. A spacious second bedroom with large windows facing the backyard, along with a 4-piece bathroom, completes the upper level. The fully developed walk-out basement features a private entrance, full kitchen, and separate laundry (washer & dryer), offering excellent flexibility for extended family or additional living space. Additional highlights include a double attached garage with built-in organizing shelves, a clean and wide back alley, and the added privacy of an end-unit location. Ideally situated directly across from a park and water fountain, and within walking distance to grocery stores, banks, shops, pharmacy, gas station, restaurants, walking paths, and a family bike park. Schools are nearby, including one less than 250 metres away. Located just 3 minutes from Chestermere Boulevard, providing quick and convenient access to Calgary. Maintenance fees include condominium amenities, common area maintenance, and ground maintenance. A fantastic opportunity in a vibrant, family-friendly community.

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Specifications

Property Details

Property TypeResidential
Property SubtypeRow/Townhouse
Style2 Storey,Attached-Side by Side
StructureFive Plus
Transaction TypeFor Sale
Bedrooms3
Full Bathrooms3
Half Bathrooms1
Living Area1,296 sq ft
Living Area (m²)120.0 m²
Year Built2007
LevelsTwo
Entry Level1
Garage Spaces2
Parking Total2
Parking FeaturesDouble Garage Detached,Garage Door Opener,Garage Faces Rear
HeatingENERGY STAR Qualified Equipment,Natural Gas
CoolingNone
FlooringCarpet,Laminate,Tile,Vinyl
AppliancesDishwasher,Dryer,Microwave Hood Fan,Refrigerator,Stove(s),Washer,Window Coverings
Interior FeaturesCeiling Fan(s),Closet Organizers,High Ceilings,Kitchen Island,Laminate Counters,No Animal Home,No Smoking Home,Open Floorplan,Separate Entrance,Storage
LaundryIn Basement,In Hall,Multiple Locations
BasementFull
Basement DevelopmentFinished
Basement FeaturesSeparate/Exterior Entry,Walk Out
RoofAsphalt Shingle
ConstructionVinyl Siding,Wood Frame,Wood Siding
FoundationPoured Concrete
Common Walls1 Common Wall
Exterior FeaturesBalcony
FencingNone
Patio / PorchBalcony(s),Patio
Lot FeaturesBack Lane,Lawn,Low Maintenance Landscape,No Neighbours Behind
Condo/ComplexThe Brownstones at Rainbow Falls
Floor LocationTop
Price / Sq Ft$378.07
Annual Taxes$2,209 (2025)
Tax Assessment$404,000
Condo Fee$390.00/Monthly
Fee IncludesAmenities of HOA/Condo,Common Area Maintenance,Interior Maintenance,Maintenance Grounds,Professional Management,Reserve Fund Contributions,Snow Removal
ZoningR-3 – Residential Multi-U
PetsRestrictions
Possession30 Days / Neg,Negotiable
Occupant TypeOwner
Title / LandFee Simple
InclusionsRefrigerator, Washer, Dryer, Electric Range, Microwave, Microwave Hood Fan, Window blinds (including living Room Blinds) Ceiling Fan, 6 ceiling speaker + amplifier, Garage Door Opener (1) Basement : Electric Range, Refrigerator, Window blinds, hood Fan
Days on Market47
ListedMarch 11, 2026
NeighbourhoodRainbow Falls
MLS NumberA2291242
The Location

Rainbow Falls

292 Rainbow Falls Drive, Chestermere, Alberta, T1X 0E4

Park
Playground
Pond
Schools Nearby
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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 Ko Realty Ltd..

Listing Information

What are the annual property taxes?expand_more
The property taxes for 2025 are $2,209. Contact Spencer Rivers for the most recent assessment documents.
What are the condo/strata fees?expand_more
The condo fee is $390.00 Monthly. This includes: Amenities of HOA/Condo,Common Area Maintenance,Interior 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 A2291242. Listed March 11, 2026. Listed by Ko Realty Ltd..

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: May 1, 2026.