392 Rainbow Falls Way
Active Listing

392 Rainbow Falls Way

392 Rainbow Falls Way, Chestermere

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4Bedrooms
3.5Bathrooms
$899,900Price
2,286Sq Ft

OPEN HOUSE Sat.

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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.

Interactive Experience

Virtual Tour

Navigate through every room from anywhere in the world.

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Refined Amenities

Curated features for a sophisticated lifestyle.

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Breakfast Bar

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Ceiling Fan(s)

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Central Vacuum

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Double Vanity

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Kitchen Island

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No Smoking Home

Specifications

Property Details

Property TypeResidential
Property SubtypeDetached
Style2 Storey
StructureHouse
Transaction TypeFor Sale
Bedrooms4
Full Bathrooms3
Half Bathrooms1
Living Area2,286 sq ft
Living Area (m²)212.0 m²
Lot Size6,002 sq ft
Lot Acres0.1400
Year Built2004
LevelsTwo
Garage Spaces4
Parking Total6
Parking Features220 Volt Wiring,Garage Door Opener,Heated Garage,Insulated,Quad or More Attached,Tandem,Workshop in Garage
Fireplaces1 (Gas,Living Room)
HeatingForced Air
CoolingCentral Air
FlooringCarpet,Vinyl Plank
AppliancesCentral Air Conditioner,Dishwasher,ENERGY STAR Qualified Dishwasher,Gas Stove,Microwave Hood Fan,Refrigerator,Window Coverings
Interior FeaturesBreakfast Bar,Ceiling Fan(s),Central Vacuum,Double Vanity,Kitchen Island,No Smoking Home,Pantry,Quartz Counters,Wired for Sound
LaundryMain Level
BasementFull
Basement DevelopmentFinished
Basement FeaturesNone
RoofAsphalt Shingle
ConstructionComposite Siding,Stone,Wood Frame
FoundationPoured Concrete
Exterior FeaturesDog Run,Other,Private Yard
FencingFenced
Patio / PorchDeck,Enclosed,Screened
Lot FeaturesBacks on to Park/Green Space,No Back Lane,No Neighbours Behind,Pie Shaped Lot,Private,Reverse Pie Shaped Lot,See Remarks,Underground Sprinklers,Views
Price / Sq Ft$393.57
Annual Taxes$4,362 (2025)
ZoningR1
PossessionNegotiable
Occupant TypeOwner
Title / LandFee Simple
Days on Market26
ListedMarch 13, 2026
NeighbourhoodRainbow Falls
MLS NumberA2293151
The Location

Rainbow Falls

392 Rainbow Falls Way, Chestermere, Alberta, T1X 1S6

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 RE/MAX Key.

Listing Information

What are the annual property taxes?expand_more
The property taxes for 2025 are $4,362. Contact Spencer Rivers for the most recent assessment documents.
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 A2293151. Listed March 13, 2026. Listed by RE/MAX Key.

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 9, 2026.