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116 Rainbow Falls Grove
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Beds
3
Baths
3 full + 1 half
Sqft
2,178
Year
2007
Type
Single Family
On market
84d
Pride of ownership shines throughout this beautifully maintained, original-owner home in the highly sought-after community of Rainbow Falls, Chestermere. Ideally situated on a quiet street and just steps from scenic walking paths leading to Lake Chestermere, Lakeside Golf Club, and two nearby schools, this corner-lot property sits on an expansive 6,000+ sq. ft. lot. Recently painted and featuring newer appliances, the home welcomes you with an open-concept main floor designed for both comfort and functionality. A front den offers the perfect space for a home office or children’s study. The chef’s kitchen boasts newer stainless steel appliances and flows seamlessly into the spacious living room highlighted by vaulted ceilings, creating an inviting space for family living and entertaining. Upstairs, you’ll find three generously sized bedrooms, including a primary retreat complete with a large walk-in closet and a spa-inspired ensuite. The two additional bedrooms each feature their own walk-in closets and share a convenient Jack-and-Jill bathroom. The large, open basement with in floor heating is ready for your personal design and finishing touches. Outside is where this home truly stands out—a massive, park-like backyard that’s perfect for summer entertaining, kids, pets, or simply relaxing in your own private outdoor oasis. This is a rare opportunity to own a meticulously cared-for home in one of Chestermere’s most desirable neighborhoods. Call your favorite REALTOR® today to book your private showing. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Den | 16.00 Ft x 11.00 Ft | |
| Breakfast | 10.00 Ft x 10.42 Ft | |
| Kitchen | 17.00 Ft x 18.50 Ft | |
| Living room | 14.00 Ft x 17.00 Ft | |
| 2pc Bathroom | .00 Ft x .00 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 18.00 Ft x 19.00 Ft | |
| Bedroom | 12.42 Ft x 10.50 Ft | |
| Bedroom | 10.50 Ft x 16.00 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | .00 Ft x .00 Ft | |
| 5pc Bathroom | .00 Ft x .00 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 31, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Chestermere. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.