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Investment signal

$669,900

288 Rainbow Falls Green

Save this home

Beds

4

Baths

4 full + 1 half

Sqft

Year

2014

Type

Single Family

Suite

Investment signal

Location nearby

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.

About this home

Stunning Duplex in Chestermere’s Rainbow Falls Welcome to a world of elegance and modern luxury in this breathtaking duplex, nestled in the heart of Chestermere’s coveted Rainbow Falls within the vibrant Lake Community. Meticulously crafted, this showhome-worthy residence dazzles with thoughtful upgrades and a fresh, inviting aesthetic. Exterior & Curb Appeal Charming Front Patio: Full-length patio overlooks a lush green belt, offering a warm welcome. Landscaped Backyard: Low-maintenance design with ample lounging areas for relaxation. Extended Back Deck: Complete with privacy fencing, perfect for outdoor entertaining. Oversized Double Garage: Insulated with extra-high doors, ideal for larger vehicles like trucks. Main Level Inviting Foyer: Features custom-built bench seating and intricate woodworking. Gleaming Hardwood Floors: Flow throughout, leading to a versatile flex room (office, bedroom, or more). Gourmet Kitchen: Ceiling-height white cabinetry Walk-in pantry Upgraded stainless steel appliances & gas range Expansive quartz island for prep and gatherings Sunlit Living & Dining Areas: South-facing for natural light, with a sleek gas fireplace and elegant mantel. Upper Level Primary Suite: Expansive with coffered ceilings Spa-like ensuite with dual vanities Walk-in closet with locking door for valuables Additional Bedrooms: Two generously sized rooms for flexibility (id:65958)

Subtype
Single Family
Structure
Duplex
Community
Rainbow Falls
Common interest
Freehold
Living area
1,830 square feet
Lot size
3,694 square feet
Lot dimensions
3694.00
Bedrooms
3 above grade, 1 below grade
Parking
2 total
Stories
2
Fireplace
1
On market
Oct 7, 2025
Status changed
Apr 28, 2026
Annual tax
$3,381 (2024)
Zoning
R-2
Photos
50
MLS#
A2262855
Area
CHESTERMERE

Features and systems

Parking

Detached GarageCovered

Basement

FinishedFullSeparate entranceWalk out

Appliances

WasherRefrigeratorGas stove(s)DishwasherDryerMicrowave Range Hood ComboWindow CoveringsGarage door opener

Heating

Forced airNatural gas

Cooling

None

Flooring

HardwoodCarpetedCeramic Tile

Foundation

Poured Concrete

Lot

See remarksBack laneNo Smoking HomeGazebo

Community

Lake PrivilegesFishing
Negative cash flow ~$757/mo at these assumptions

Cash on cash

-6.78%

Cap rate

3.51%

GRM

16.7

Break-even rent

$4,147

Financing

Down payment$133,980
Loan amount$535,920
Mortgage$2,715/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$307
Insurance$80
Maintenance$558
CapEx reserve$279
Vacancy loss$168

Estimates 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.

Location nearby

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.

Mortgage estimate

Estimated $2,715/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 28, 2026.

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