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183 Rainbow Falls Drive
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Welcome Home to the Brownstones of Rainbow Falls. Just 5 minutes to the Beach and Across the street from Our Lady of Wisdom school and Lake Ridge community Church. This recently Painted & updated Home features 2 Large bedrooms upstairs, each with their own 4 piece master ensuites. The main floor hosts a Large living area, a dining area, a 2 piece bath, a functional kitchen with Island complete with new Quartz counter tops and newer Appliances along with new flooring throughout the main floor and upper floor. In the basement you will find a large cozy family room, another 4 piece bath and a generous 3rd bedroom along with your laundry room/storage area and a Double detached garage in the back. Close to Schools, shops, grocery stores, a dog park and of course the Lake. Make your appointment to view this home today. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 8.42 Ft | |
| Bedroom | 10.92 Ft x 15.08 Ft | |
| Family room | 18.50 Ft x 20.50 Ft | |
| Furnace | 6.25 Ft x 14.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 3.25 Ft x 6.92 Ft | |
| Dining room | 9.42 Ft x 13.83 Ft | |
| Kitchen | 13.42 Ft x 16.58 Ft | |
| Living room | 13.83 Ft x 15.42 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 7.08 Ft x 11.33 Ft | |
| 4pc Bathroom | 8.25 Ft x 9.25 Ft | |
| Primary Bedroom | 13.67 Ft x 14.42 Ft | |
| Bedroom | 11.42 Ft x 11.92 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).
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Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 13, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.