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248 Rainbow Falls Way
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Beds
4
Baths
3
Sqft
1,512
Year
2015
Type
Single Family
On market
12d
Welcome to this beautifully maintained large bungalow where pride of ownership is evident throughout. Backing onto a peaceful scenic stream that leads toward Chestermere Lake, this home offers a rare combination of tranquility, space, and convenience. Featuring 4 bedrooms, over 2,900 sq ft of space between the main floor and basement, and an open-concept layout, the home is filled with natural light and showcases stunning vaulted ceilings, granite countertops, a beautiful wide curved staircase, and spacious living areas perfect for both everyday living and entertaining.The walkout basement adds incredible functionality and connection to the outdoors, while the oversized driveway provides ample parking. The poured concrete backyard creates a low-maintenance outdoor retreat ideal for relaxing, hosting guests, or enjoying the serene surroundings. The south-facing backyard also features a large garden space perfect for growing your own fruits and vegetables while enjoying all-day sunshine.Located in a beautiful setting close to pathways, water, parks, and amenities, this is a rare opportunity to own a truly well-cared-for home in one of Chestermere’s most desirable locations (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 35.25 Ft x 24.75 Ft | |
| Bedroom | 12.00 Ft x 12.50 Ft | |
| Bedroom | 10.25 Ft x 12.92 Ft | |
| Other | 10.25 Ft x 4.92 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.00 Ft | |
| Storage | 13.75 Ft x 10.67 Ft | |
| Furnace | 5.58 Ft x 10.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 9.50 Ft x 11.17 Ft | |
| 4pc Bathroom | 10.00 Ft x 12.00 Ft | |
| Primary Bedroom | 9.00 Ft x 14.08 Ft | |
| Laundry room | 6.75 Ft x 7.58 Ft | |
| 4pc Bathroom | 8.00 Ft x 5.00 Ft | |
| Other | 6.42 Ft x 6.58 Ft | |
| Foyer | 6.17 Ft x 7.92 Ft | |
| Dining room | 10.42 Ft x 13.00 Ft | |
| Kitchen | 19.25 Ft x 16.33 Ft | |
| Living room | 14.83 Ft x 16.33 Ft | |
| Breakfast | 11.33 Ft x 10.33 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
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 29, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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.