Spectacular estate bungalow in the sought-after community of Rainbow Falls just minutes from Lake Chestermere. This home boasts FIVE bedrooms, a WALKOUT basement, a LARGE PIE LOT with south facing backyard and a WET BAR or second kitchen in the basement, ideal for large multi-generational families, investors or families with teenagers. Front porch preludes the open concept main floor. Den with double french doors allowing for privacy leads to the kitchen which sits adjacent to the dining room and overlooks the living room. The kitchen showcases quartz countertops, tiled backsplash, stainless steel appliances, elegant shaker cabinets, an island and raised eating bar. Family room is accented by a tile-trimmed gas fireplace and offers a patio door leading out onto the sunny south-facing deck. Front-to-back vaulted ceilings and gleaming hardwood floors are highlights of this amazing main floor. The spacious primary bedroom is complemented by a spa-like ensuite bathroom with dual sinks, soaker tub, oversized step-in shower and a walk-in closet. The main floor is completed by a second bedroom, four-piece main bathroom and the first of two laundry rooms. The fully finished walkout basement (separate entrance) offers a large family room with a second gas fireplace, three spacious bedrooms, a second laundry area and wet bar or second kitchen with a full-sized fridge, microwave, sink and dishwasher. The walkout leads to a private covered rear patio the ultimate location to entertain or relax. Double front attached garage. A stunning expansive rare property in an amazing location just steps from schools, parks and amenities and only minutes from Lake Chestermere, view it today.
Property Details
Price:
$685,000
MLS #:
A2046463
Status:
Pending
Beds:
5
Baths:
3
Type:
Single Family
Subtype:
Detached
Subdivision:
Rainbow Falls
Listed Date:
Dec 15, 2025
Finished Sq Ft:
1,428
Lot Size:
5,278 sqft / 0.12 acres (approx)
Year Built:
2014
See this Listing
Schools
Interior
Appliances
Central Air Conditioner, Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave Hood Fan, Refrigerator, See Remarks, Washer, Window Coverings
Basement
Finished, Walk- Out
Bathrooms Full
3
Laundry Features
In Basement, Main Level, See Remarks
Exterior
Exterior Features
Private Yard
Lot Features
Back Yard, Pie Shaped Lot, See Remarks
Parking Features
Double Garage Attached
Parking Total
4
Patio And Porch Features
Deck, Front Porch, See Remarks
Roof
Asphalt Shingle
Financial
Map
Community
- Address121 Rainbow Falls Heath Chestermere AB
- SubdivisionRainbow Falls
- CityChestermere
- CountyChestermere
- Zip CodeT1X 0S7
Subdivisions in Chestermere
Market Summary
Current real estate data for Single Family in Chestermere as of Dec 18, 2025
2,950
Single Family Listed
5
Avg DOM
604
Avg $ / SqFt
$793,504
Avg List Price
Property Summary
- Located in the Rainbow Falls subdivision, 121 Rainbow Falls Heath Chestermere AB is a Single Family for sale in Chestermere, AB, T1X 0S7. It is listed for $685,000 and features 5 beds, 3 baths, and has approximately 1,428 square feet of living space, and was originally constructed in 2014. The current price per square foot is $480. The average price per square foot for Single Family listings in Chestermere is $604. The average listing price for Single Family in Chestermere is $793,504. To schedule a showing of MLS#a2046463 at 121 Rainbow Falls Heath in Chestermere, AB, contact your Harry Z Levy | Real Broker agent at 403-681-5389.
Similar Listings Nearby

121 Rainbow Falls Heath
Chestermere, AB
