Calgary Realtor

$599,000 · For Sale
161 Rainbow Falls Glen, Chestermere, Alberta
3+2Bedrooms
3+1Bathrooms
1,898sq ft
5,513sq ft Lot
140Days on Market

About This Property

Built in 2014, this home is packed with potential. At almost 1,900 SQ FT above grade plus a builder-finished basement with separate rear access, this property is ideal for buyers looking for a “live up, rent down” setup.Welcoming you in is a charming front veranda and bright open-concept main floor featuring large windows, hardwood flooring throughout the main and second level, and a spacious living room with double-sided fireplace connecting to the dining area. The kitchen is designed for both function and style with granite countertops, tiled backsplash, stainless steel appliances, huge island, corner pantry, and plenty of cabinetry. A functional mudroom leads to the oversized detached garage, and central A/C (as is) keeps the home comfortable all summer long.Upstairs features a bonus room, upper-floor laundry, and 3 generous bedrooms including a spacious primary retreat with walk-in closet and ensuite featuring dual vanities.The fully finished builder-completed basement adds major value with 2 additional bedrooms with egress windows, a full 3-piece bathroom, large family room, and separate back entrance access making it an incredible opportunity for future legal suite development subject to approval and permitting by the city/municipality, multi-generational living, or mortgage-helping rental income.Outside, enjoy the large deck, fenced yard, mature trees, and beautiful perennials on this wide 50’ lot. Located just steps from scenic walking paths, ponds, waterfalls, canals, schools, and parks in one of Chestermere’s most family-friendly communities.A move-in ready home with flexibility, functionality, and income potential — this is one you don’t want to miss.

Key Features

  • Built in 2014
  • House
  • Freehold
  • Basement: Finished, Full, Separate entrance, Walk-up
  • Detached Garage Parking
  • 1 Fireplace

Property Details

Community Rainbow Falls
Property Type Single Family
Building Type House
Storeys 2
Year Built 2014
Ownership/Title Freehold
MLS® Number A2309616

Size & Land

Finished Area 1,898 sq ft
Land Size 5,513 sq ft Lot

Building Features

Basement Finished, Full, Separate entrance, Walk-up
Heating Forced air, Other
Cooling Central air conditioning
Foundation Poured Concrete
Fireplace 1 Fireplace

Parking

Parking Type Detached Garage
Parking Spaces 4

Financial & Other

Property Taxes $3,588/yr

Location

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Map location is approximate.

Estimated Monthly Payment

$2,544/mo

Based on 20% down, a 4.09% rate and 25-year amortization. Your actual payment will depend on your rate, down payment, and lender.

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Listing courtesy of Stonemere Real Estate Solutions · Calgary Real Estate Board
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ED
Evans Dobey
REALTOR | CIR Realty
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