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397 Rainbow Falls Drive
Rainbow Falls Chestermere T1X 0L1

$475,000
Residential beds: 3 baths: 4.0 1,440 sq. ft. built: 2006

Main Photo: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 1: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 2: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 3: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 4: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 5: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 6: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 7: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 8: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 9: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 10: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 11: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 12: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 13: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 14: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 15: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
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Photo 17: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 18: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 19: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 20: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 21: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 22: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 23: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 24: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 25: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
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Photo 35: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Photo 36: 397 Rainbow Falls Drive in Chestermere: Rainbow Falls Row/Townhouse for sale : MLS®# A2278613
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2278613
Bedrooms:
3
Bathrooms:
4
Year Built:
2006
Welcome to the Brownstones of Rainbow Falls! This 3 bedroom, 2 Story, walk out townhouse is one of a kind! Offering over 1400sqft of living space, this well maintained and spacious home is perfect for families, first time buyers, or investors. The main floor boasts a bright, open concept living and dining area, ideal for everyday living and entertaining. Large windows allow plenty of natural light throughout the day. The kitchen offers dark wood cabinets an oversize island, and washer/dryer for the upper level. Downstairs is fully developed with a private entrance, wet bar and laundry. Featuring New multizone and ducting, water tank, carpet, paint throughout, and washer/dryers. The basement ceiling has been dropped and sound insulation installed to allow a quiet comfortable space. Conveniently located close to schools, parks, walking paths, and restaurants.
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Num Legal Suites:
0
Num Illegal Suites:
0
Home Style:
2 Storey
Total Living Area:
1,439.7 sq. ft.
Main Level Finished Area:
731.7 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
618.5 sq. ft.
Taxes:
Tax Assessed Value:
Condo Fee:
$442.90
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Snow Removal
HOA Fee Includes:
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Front Exposure:
West
Reg. Size:
Reg. Size Includes:
Entry Level:
1
Levels:
Two
End Unit:
2+ Common Walls
Total Rooms Above Grade:
6
Year built:
2006 (Age: 20)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
0814793
Heating:
ENERGY STAR Qualified Equipment, Forced Air, Natural Gas
Basement:
Full, Finished, Walk Out
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame, Wood Siding
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Linoleum, Vinyl
Cooling:
None
Fireplaces:
0
Garage:
Yes
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
3
Parking Total/Covered:
3 / -
Laundry Features:
In Basement, In Kitchen
Condo Fee Frequency:
Monthly
The Brownstones at Rainbow Falls
Rainbow Falls
Other
Dishwasher, Electric Stove, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer/Dryer Stacked, Window Coverings
NA
Board Approval, Pet Restrictions or Board approval Required, Restrictive Covenant, Utility Right Of Way
Restrictions
Floor
Type
Size
Other
Main Floor
Balcony
13'5" × 9'7"
Main Floor
Mud Room
5'6" × 3'10"
Main Floor
Dining Room
13'1" × 9'4"
Main Floor
Kitchen
13'11" × 13'10"
Main Floor
Living Room
15'6" × 15'5"
Main Floor
Entrance
7'2" × 5'1"
Upper Level
Bedroom - Primary
14' × 13'10"
Upper Level
Bedroom
10'5" × 9'5"
Upper Level
Bedroom
9'5" × 9'1"
Lower Level
Other
9'9" × 5'5"
Lower Level
Entrance
5' × 3'10"
Lower Level
Game Room
26'9" × 14'11"
Lower Level
Laundry
5'7" × 4'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'11" x 5'7"
Upper Level
Yes
4
4'11" x 7'9"
Upper Level
No
4
4'8" x 8'5"
Lower Level
No
4
4'11" x 8'8"
Title to Land:
Fee Simple
Community Features:
Fishing, Golf, Lake, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Closet Organizers, Kitchen Island, Laminate Counters, No Smoking Home, Open Floorplan
Exterior Features:
Balcony, Other, Private Entrance
Patio And Porch Features:
Balcony(s)
Lot Features:
Back Lane, Back Yard, Front Yard, Landscaped
Num. of Parcels:
0
Fencing:
None
Region:
Chestermere
Zoning:
R-3
Listed Date:
Jan 12, 2026
Days on Mkt:
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Listed by Century 21 Bravo Realty
Data was last updated January 29, 2026 at 06:05 PM (UTC)
Area Statistics
Listings on market:
190
Avg list price:
$689,495
Min list price:
$269,900
Max list price:
$4,405,500
Avg days on market:
45
Min days on market:
1
Max days on market:
211
Avg price per sq.ft.:
$354.44
These statistics are generated based on the current listing's property type and located in Chestermere. Average values are derived using median calculations. This data is not produced by the MLS® system.
KAREN GONZALES
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.