Welcome to 320 Rainbow Falls Drive, a fully developed, AIR-CONDITIONED townhome with a FINISHED WALKOUT BASEMENT and DOUBLE DETACHED GARAGE. Offering over 2,000 sq ft of developed living space, this home features two spacious bedrooms, each with its own 4-piece ensuite, plus a full bathroom in the basement and a convenient half bath on the main floor. The main level has 9 ft ceilings and a bright, functional layout with a spacious living room and a southwest-facing kitchen and dining area. The kitchen includes stainless steel appliances, an island, pantry, and access to the balcony overlooking the backyard with NO NEIGHBOURS DIRECTLY BEHIND. Upstairs, both bedrooms offer excellent space and privacy, including a primary bedroom with a walk-in closet. The fully finished walkout basement adds a large rec room, full bathroom, spacious laundry room, and direct access to the backyard and double detached garage. Located across from green space and just steps from the Chestermere Business Park, this home is within walking distance of groceries, restaurants, pharmacy, schools, parks, pathways, and everyday amenities, with easy access 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
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 On Main:
0
Bedrooms Below Grade:
0
Bathrooms:
4.0
(Full:3, Half:1)
Num Ensuite Baths:
2
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 July 29, 2026 at 10:05 PM (UTC)
Area Statistics
Listings on market:
28
Avg list price:
$509,900
Min list price:
$324,900
Max list price:
$1,250,000
Avg days on market:
41
Min days on market:
1
Max days on market:
101
Avg price per sq.ft.:
$305.43
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.