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124 LAVENDER Way
Beds
4
Baths
4 full + 1 half
Sqft
2,180
Year
2006
Type
Single Family
On market
14d
Welcome to 124 Lavender Way, a warm and inviting 4-bedroom home in the family friendly area of Rainbow Falls! Set on a quiet street with a park at the front and a sunny SE-facing backyard, this property is perfect for everyday family life! From the moment you step inside, the home feels bright, open, and comfortable, with hardwood flooring through the main level, a front office for working from home, and a practical layout that balances connection and separation beautifully. The main living area is filled with natural light, featuring a vaulted ceiling, large windows, and a cozy fireplace that anchors the room. The kitchen sits at the heart of the home with rich wood cabinetry, a large central island with seating, stainless steel appliances, generous counter space, and a corner pantry. The open connection between the kitchen, dining area, and living room makes it easy to cook, gather, host, and keep an eye on the kids, while the dining area opens directly onto the backyard deck. Everyday function is well thought out, with a main floor 2-piece bathroom, a spacious laundry/mudroom area, excellent storage, and an attached double garage. Practical touches like two hot water tanks add extra comfort for a busy household. Upstairs, the layout works especially well for families. The spacious primary bedroom offers plenty of room to unwind, along with a walk-in closet and a bright en-suite featuring a soaker tub, separate shower, and private water closet. Two additional upstairs bedrooms each offer their own walk-in closet and share a smart Jack-and-Jill style bathroom, giving each room its own sink while sharing the tub and toilet area. The finished lower level adds even more flexibility, with a large recreation space that works beautifully as a playroom, movie area, games room, teen hangout, or fitness space. A fourth bedroom and 3-piece bathroom with stand-alone shower make the basement ideal for guests, older kids, or extended family. Outside, the Sunny South East facing backyard is a wonderful extension of the home, with a sunny deck, lower sitting area, fenced yard, play structure, lawn space, and room to enjoy warm evenings outdoors with the added bonus of Central Air Conditioning! Located in the established Rainbow Falls community of Chestermere, close to parks, pathways, schools, shopping, and local amenities, this is the kind of home that simply makes sense for family living. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 14.00 Ft x 18.75 Ft | |
| 3pc Bathroom | 8.58 Ft x 4.42 Ft | |
| Family room | 15.83 Ft x 23.50 Ft | |
| Storage | 9.50 Ft x 9.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 6.25 Ft x 7.08 Ft | |
| Living room | 14.00 Ft x 17.00 Ft | |
| Other | 11.67 Ft x 13.00 Ft | |
| Dining room | 11.42 Ft x 9.58 Ft | |
| Pantry | 4.17 Ft x 6.00 Ft | |
| Laundry room | 8.08 Ft x 6.58 Ft | |
| 2pc Bathroom | 5.00 Ft x 4.83 Ft | |
| Office | 15.00 Ft x 9.17 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 11.58 Ft x 19.00 Ft | |
| 4pc Bathroom | 9.42 Ft x 9.17 Ft | |
| Bedroom | 16.75 Ft x 10.92 Ft | |
| 5pc Bathroom | 11.92 Ft x 10.92 Ft | |
| Bedroom | 12.00 Ft x 10.50 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).
Cash on cash
-1.06%
Cap rate
4.65%
GRM
13.9
Break-even rent
$4,511
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
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 Jun 9, 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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.