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392 Rainbow Falls Way
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Beds
4
Baths
4 full + 1 half
Sqft
2,286
Year
2004
Type
Single Family
On market
88d
Luxury canal-front living with a private backyard resort in Rainbow Falls. Tucked away on a quiet street and backing directly onto the scenic canal pathways, this beautifully maintained original-owner home offers a lifestyle that is rarely available in Chestermere.The south-facing backyard is a true retreat, featuring a low maintenance, heated outdoor pool (16x30) with a hard locking safety cover, hot tub, expansive patio, sunroom, fenced dog run, and large side yard — all perfectly positioned to take in the peaceful canal views. Pool care is quick and straightforward thanks to the streamlined system. A private gate provides direct access to the pathway system and the lake just a short walk away.Inside, the home welcomes you with a large entrance and bright front office, ideal for working from home. The open concept main floor is designed for entertaining with a spacious living room, gas fireplace, and a stunning kitchen featuring quartz countertops, a large gathering island, gas stove, walk-through pantry, and a dining area overlooking the pool and canal.Upstairs, the impressive vaulted bonus room with oversized windows creates a perfect family gathering space. The primary retreat is truly special, with corner windows capturing beautiful canal views, a walk-in closet, and a spa-inspired 5-piece ensuite. Two additional bedrooms complete the upper level.The fully finished basement provides additional living space with a fourth bedroom, full 4pce bath and a flexible workshop/office area.For car lovers or hobbyists, the heated quad attached garage (tandem bay) includes 240V wiring, hot and cold water sink with a dedicated hobby space.Extensive upgrades include triple-pane windows, Hunter Douglas blinds with room-darkening shades, air conditioning, Hardy board siding, Class 4 impact resistant shingles, commercial 6" eaves, Gemstone Lights and fresh paint throughout the entire home.This is a rare opportunity to own a canal-front home with a private pool an d resort-style backyard in one of Chestermere’s most sought-after communities. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 11.42 Ft | |
| Bedroom | 13.33 Ft x 11.42 Ft | |
| Recreational, Games room | 18.83 Ft x 20.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.92 Ft x 4.83 Ft | |
| Dining room | 6.08 Ft x 13.00 Ft | |
| Kitchen | 14.08 Ft x 12.58 Ft | |
| Living room | 14.00 Ft x 20.50 Ft | |
| Other | 7.92 Ft x 6.42 Ft | |
| Den | 12.33 Ft x 10.83 Ft | |
| Sunroom | 11.25 Ft x 17.42 Ft | |
| 4pc Bathroom | 8.25 Ft x 5.00 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 5pc Bathroom | 14.67 Ft x 8.92 Ft | |
| Bedroom | 12.42 Ft x 11.92 Ft | |
| Bedroom | 9.75 Ft x 10.83 Ft | |
| Bonus Room | 15.08 Ft x 21.67 Ft | |
| Primary Bedroom | 17.75 Ft x 12.33 Ft |
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Comparable sales
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Property condition
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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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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.
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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 7, 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.