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Reduced $30,000 (7%) from $449,888
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237 Rainbow Falls Drive
Beds
3
Baths
4 full + 1 half
Sqft
1,408
Year
2007
Type
Single Family
On market
27d
Welcome to Rainbow Falls! This beautifully renovated WALK-OUT TOWNHOUSE offers a rare opportunity with a fully developed lower level featuring a private entrance, kitchenette, separate laundry, and third bedroom — ideal for extended family, guests, or added income potential.Offering over 2000 sq ft of developed living space, this move-in-ready home combines the comfort and a functional and versatile layout. FRESHLY PAINTED throughout with UPDATED FLOORING and NEW CARPET, the home feels bright and exceptionally well cared for.The main floor features an open-concept design filled with natural light from large windows, creating a warm and inviting atmosphere. The spacious living area is separated from the well-appointed kitchen, complete with dark cabinetry, light source, and ample storage — perfect for everyday living. Convenient main-level laundry adds to the home’s thoughtful design.Step outside onto the private BALCONY, an ideal space to enjoy your morning coffee or unwind in the evening. Upstairs, you’ll find two generously sized bedrooms, including a spacious primary retreat with its own ensuite and plenty of closet space in each. The DETACHED DOUBLE GARAGE provides secure parking for two vehicles.Ideally located close to parks, schools, walking paths, shopping, restaurants, and everyday amenities, this property also offers quick and convenient access to Calgary while allowing you to enjoy the charm and lifestyle of the Rainbow Falls community.A rare and versatile property that truly stands out in today’s market. Check it out! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Laundry room | 6.08 Ft x 5.33 Ft | |
| 3pc Bathroom | 8.33 Ft x 5.50 Ft | |
| Bedroom | 10.83 Ft x 13.00 Ft | |
| Family room | 13.00 Ft x 23.17 Ft | |
| Other | 11.83 Ft x 5.67 Ft | |
| Other | 4.58 Ft x 6.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 13.75 Ft x 9.75 Ft | |
| 2pc Bathroom | 5.00 Ft x 5.92 Ft | |
| Dining room | 7.25 Ft x 10.50 Ft | |
| Kitchen | 15.50 Ft x 10.33 Ft | |
| Laundry room | 4.00 Ft x 2.33 Ft | |
| Living room | 15.25 Ft x 19.58 Ft | |
| Other | 4.33 Ft x 6.17 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11.50 Ft x 11.92 Ft | |
| 4pc Bathroom | 4.83 Ft x 11.33 Ft | |
| Primary Bedroom | 13.75 Ft x 12.00 Ft | |
| Other | 7.75 Ft x 5.08 Ft | |
| 4pc Bathroom | 9.33 Ft x 8.33 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
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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 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.