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$959,000
New Listing

392 Rainbow Falls Way
Chestermere, AB T1X 1S6

For Sale|Single Family Residence|Active
4
Beds
4
Total Baths
3
Full Baths
1
Partial Bath
2,286.48
SqFt
$419
/SqFt
2004
Built
Subdivision:
Rainbow Falls
County:
Chestermere

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392 Rainbow Falls Way392 Rainbow Falls Way392 Rainbow Falls Way392 Rainbow Falls Way
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OPEN HOUSE Sat. Mar. 14 12:00-2:00 ---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. 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 and resort-style backyard in one of Chestermere’s most sought-after communities.

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Listing Snapshot
Price 
$959,000
Days On Site 
0 Days
Bedrooms 
4
Inside Area (SqFt) 
2,286.48 sqft
Total Baths 
4
Full Baths 
3
Partial Baths 
1
Lot Size 
0.14 Acres
Year Built 
2004
MLS® Number 
A2293151
Status 
Active
Property Tax 
$4,362.34
Maintenance Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
18 hours agoListing first seen on site
24 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.14
Attached Garage 
Yes
Garage 
Yes
Garage Spaces 
4
Levels 
Two
Parking 
Garage Door OpenerGarage
Parking Spaces 
6
Property Sub Type 
Single Family Residence
SqFt Above 
1078.84
SqFt Below 
985.64
Style 
2 Storey
Zoning 
R1
Interior Features
Appliances 
DishwasherENERGY STAR Qualified DishwasherRefrigerator
Basement 
FullFinished
Cooling 
Central Air
Electric 
220 Volts
Fireplace 
Yes
Fireplace Features 
GasLiving Room
Fireplaces 
1
Flooring 
CarpetVinyl
Heating 
Forced Air
Interior 
Breakfast BarCeiling Fan(s)Central VacuumDouble VanityKitchen IslandPantryWired for Sound
Laundry Features 
Main Level
Window Features 
Window Coverings
2pc Bathroom 
Dimensions - 4`10" x 4`11"Level - Main
4pc Bathroom 
Dimensions - 11`5" x 4`11"Level - Lower
5pc Ensuite bath 
Dimensions - 8`11" x 14`8"Level - Upper
Bedroom 
Dimensions - 10`10" x 9`9"Level - Upper
Bedroom - Primary 
Dimensions - 12`4" x 17`9"Level - Upper
Bonus Room 
Dimensions - 21`8" x 15`1"Level - Upper
Den 
Dimensions - 10`10" x 12`4"Level - Main
Dining Room 
Dimensions - 13`0" x 6`1"Level - Main
Game Room 
Dimensions - 20`1" x 18`10"Level - Lower
Kitchen 
Dimensions - 12`7" x 14`1"Level - Main
Living Room 
Dimensions - 20`6" x 14`0"Level - Main
Mud Room 
Dimensions - 6`5" x 7`11"Level - Main
Sunroom/Solarium 
Dimensions - 17`5" x 11`3"Level - Main
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Exterior Features
Construction Details 
StoneFrame
Exterior 
Dog RunOtherPrivate Yard
Fencing 
Fenced
Frontage 
8.99M 29`6"
Lot Features 
Pie Shaped LotPrivateSee RemarksViews
Patio And Porch 
DeckEnclosedScreened
Roof 
ShingleAsphalt
Waterfront Features 
Lake
Windows/Doors 
Window Coverings
Community Features
Community Features 
FishingGolfLakeParkPlaygroundSidewalks
Listing courtesy of Stacey Page of RE/MAX Key

Listing information is provided by Participants of the Alberta One Realty Listing Services (Pillar 9). IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Alberta One Realty Listing Services (Pillar 9)
Last checked 2026-03-14 12:45 PM UTC

Neighborhood & Commute
Source: Walkscore
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