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Reduced $5,100 (1%) from $425,000
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320 Rainbow Falls Drive
Welcome to 320 Rainbow Falls Drive, a well-maintained, air-conditioned townhome with a fully finished walkout basement and double detached garage in a mature, highly convenient location. Offering 2 bedrooms, each with its own 4-piece ensuite, plus a full bathroom in the basement and a half bath on the main floor, this fully developed home delivers excellent value and functionality. Step inside to 9 ft ceilings throughout the main level and a spacious living room that flows into the sun-filled, southwest-facing kitchen and dining area. The kitchen features an island, pantry, and stainless steel appliances, with access to the balcony overlooking the backyard with no neighbours directly behind. Upstairs, you’ll find two generously sized bedrooms with private ensuite bathrooms, including a primary bedroom with a walk-in closet. The fully developed walkout basement adds even more flexible living space with a massive rec room, full bathroom, spacious laundry room, and direct access to the backyard leading to the double detached garage. Facing green space and located just steps from the Chestermere Business Park, this home is walking distance to grocery, pharmacy, restaurants, gas, schools, parks, pathways, and close to major routes in and out of Chestermere. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 7.33 Ft x 10.92 Ft | |
| Furnace | 4.33 Ft x 2.83 Ft | |
| Laundry room | 10.08 Ft x 5.50 Ft | |
| Furnace | 6.25 Ft x 7.08 Ft | |
| Recreational, Games room | 24.92 Ft x 16.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 6.08 Ft x 5.33 Ft | |
| Dining room | 6.92 Ft x 17.00 Ft | |
| Kitchen | 10.17 Ft x 14.00 Ft | |
| Living room | 7.00 Ft x 8.08 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 8.42 Ft x 9.25 Ft | |
| 4pc Bathroom | 11.50 Ft x 7.33 Ft | |
| Bedroom | 11.92 Ft x 11.58 Ft | |
| Primary Bedroom | 12.00 Ft x 13.75 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
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Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
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Suite legality / potential
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Monthly carrying cost
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Property taxes
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Insurance estimate
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Commute
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Deposit and financing conditions
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Inspection considerations
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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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 19, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.