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.
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Suite:
No
Num Legal Suites:
0
Num Illegal Suites:
0
Home Style:
2 Storey
Total Living Area:
1,393.84 sq. ft.129 m2
Main Level Finished Area:
708.56 sq. ft.65.8 m2
Upper Level Finished Area:
685.28 sq. ft.63.7 m2
Below Grade Finished Area:
661.49 sq. ft.61.5 m2
Condo Fee:
$390.00
Condo Fee Includes:
Common Area Maintenance, Insurance, Parking, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash
Front Exposure:
Northeast
Unit Exposure:
Southwest
Entry Level:
1
Levels:
Two
End Unit:
2+ Common Walls, No One Above, No One Below
Total Rooms Above Grade:
5
Year built:
2007
(Age: 19)
Bedrooms:
2
(Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
4.0
(Full:3, Half:1)
Plan:
1012881
Heating:
Forced Air
Basement:
Full, Finished, Walk Out
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate, Linoleum
Cooling:
Central Air
Fireplaces:
0
Garage:
Yes
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2
Parking Total/Covered:
2 /
-
Laundry Features:
In Basement, Laundry Room, Lower Level
Condo Fee Frequency:
Monthly
The Brownstones at Rainbow Falls
Rainbow Falls
Parking, Snow Removal, Trash
Central Air Conditioner, Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
N/A
Pet Restrictions or Board approval Required, Pets Allowed, Utility Right Of Way
Restrictions, Cats OK, Dogs OK, Yes
Floor
Type
Size
Other
Main Floor
Dining Room
17'5.18 m × 6'11"2.11 m
Main Floor
Kitchen
14'4.27 m × 10'2"3.10 m
Main Floor
Living Room
8'1"2.46 m × 7'2.13 m
Upper Level
Bedroom
11'11"3.63 m × 11'7"3.53 m
Upper Level
Bedroom - Primary
13'9"4.19 m × 12'3.66 m
Basement
Furnace/Utility Room
4'4"1.32 m × 2'10".86 m
Basement
Laundry
10'1"3.07 m × 5'6"1.68 m
Basement
Furnace/Utility Room
7'1"2.16 m × 6'3"1.91 m
Basement
Game Room
24'11"7.59 m × 16'8"5.08 m
Floor
Ensuite
Pieces
Other
Main Floor
No
2
6'1" x 5'4"
Upper Level
Yes
4
8'5" x 9'3"
Upper Level
Yes
4
11'6" x 7'4"
Basement
No
3
7'4" x 10'11"
Title to Land:
Fee Simple
Community Features:
Fishing, Lake, Park, Playground, Pond, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Central Vacuum, High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Pantry, Storage, Vinyl Windows, Walk-In Closet(s)
Exterior Features:
Balcony, Private Entrance, Private Yard
Patio And Porch Features:
Balcony(s), Patio
Lot Features:
Back Lane, Back Yard, Few Trees, Landscaped, Lawn, No Neighbours Behind
Data was last updated May 16, 2026 at 02:05 PM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$649,000
Min list price:
$339,900
Max list price:
$1,099,900
Avg days on market:
27
Min days on market:
1
Max days on market:
221
Avg price per sq.ft.:
$326.63
These statistics are generated based on the current listing's property type
and located in
Rainbow Falls. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
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.