Chestermere Homes under $400,000

Welcome to Chestermere, Alberta – a hidden gem just a stone's throw from Calgary! Nestled beside the serene Chestermere Lake, this vibrant city offers a perfect blend of small-town charm and modern conveniences. With its picturesque landscapes, friendly community, and an abundance of recreational activities, Chestermere is an ideal place for families, young professionals, and retirees alike.

One of the most enticing aspects of Chestermere is its diverse real estate market, particularly for those seeking homes under $400,000. Whether you’re a first-time buyer or looking to downsize, you’ll find an array of options that cater to your needs. From cozy townhomes to charming single-family residences, the homes in this price range provide excellent value without compromising on quality or comfort.

Living in Chestermere means you can enjoy a plethora of outdoor activities, including boating, fishing, and picnicking along the lakefront. The city is also home to a variety of parks, walking trails, and sports facilities, making it easy to embrace an active lifestyle. Plus, with excellent schools and community services, families can feel confident in their choice to call Chestermere home.

With its welcoming atmosphere, stunning natural beauty, and affordable housing options, Chestermere is more than just a place to live; it’s a community where you can thrive. Explore the possibilities today and discover why so many people are choosing to make Chestermere their home sweet home!

Newest Chestermere Homes under $400,000

$339,900

2 Beds ⋅ 2 Baths ⋅ A2349369 MLS® #

2-BEDS, 2-BATHS TOP-FLOOR LAKE FRONT CONDO W/ DIRECT ACCESS TO CHESTERMERE’S LAKE PATHWAYS. Enjoy Chestermere Lake and its surrounding pathways right outside your door without the maintenance of a detached home. This top-floor unit features vaulted ceilings, large windows, two bedrooms, two bathrooms, two parking stalls, and a private deck overlooking the complex courtyard with views toward the lake. The main living area is filled with natural light, with the kitchen overlooking the dining and living spaces. The kitchen features oak cabinetry, black appliances, and a raised seating bar, while the spacious living room offers carpet flooring and a sliding glass door leading to the private deck. Complete with a BBQ gas line, the deck provides a convenient outdoor space for dining and entertaining while enjoying views across the courtyard and toward Chestermere Lake. The primary bedroom features a walkthrough closet leading to a 3-pc ensuite with a shower with built-in shelving, vanity with additional counter space, elongated toilet, and built-in medicine cabinet. The second bedroom also includes a walkthrough closet leading to the 4-pc main bathroom, which can be accessed from both the bedroom and main living area, allowing it to function as an ensuite-style bathroom for the second bedroom or a convenient guest bathroom. A stacked washer and dryer are located in a dedicated closet for easy access without taking away from the main living space. Residents have access to a workout room and meeting rooms, while the unit includes two parking stalls and a storage locker. One of the property's key advantages is its direct connection to Chestermere's lake pathways, with walking and cycling paths immediately beside the complex that follow the lake and connect to surrounding communities. Chestermere offers year-round recreation including boating, golf, parks, and community activities, with schools, childcare, the Chestermere Public Library, shopping, restaurants, cafés, and everyday services nearby. Safeway, Save-On-Foods, Sobeys, the Chestermere Regional Community Association, and major routes to Calgary are all within easy reach. *VISIT MULTIMEDIA LINK FOR FULL DETAILS INCLUDING A FLOORPLAN AND A VIRTUAL TOUR*

380 Marina Drive Unit 313, Chestermere

Courtesy of RE/MAX House of Real Estate.

$350,000

2 Beds ⋅ 3 Baths ⋅ A2349488 MLS® #

BEST PRICED TOWNHOME WITH GARAGE IN CHESTERMERE | END UNIT | HEATED DOUBLE ATTACHED TANDEM GARAGE | EXTRA WINDOWS | HUGE ISLAND KITCHEN | UPPER LAUNDRY | 2 BEDROOMS PLUS A DEN | WALK TO SCHOOL | MINUTES TO THE LAKE! An end-unit setting, extra windows and a heated tandem garage come together in this thoughtfully designed townhome within Rainbow Falls. Attractive curb appeal welcomes you home while a heated double attached tandem garage adds everyday comfort. Flexible entry options allow access through the front door on the main level or through the garage level foyer, where additional storage helps keep seasonal items organized. Hardwood flooring carries through the kitchen and dining areas, while carpeting in the living room adds warmth and comfort underfoot. Gather with family and friends in the relaxing living room where extra windows draw in abundant natural light and create an airy atmosphere. Anchoring the open-concept layout, the thoughtfully designed kitchen showcases stainless steel appliances, extensive cabinetry and a massive island with breakfast bar seating that encourages casual conversation and effortless meal preparation. Just beyond, the dining area benefits from corner windows and connects directly to the balcony, making summer barbecues and morning coffee part of your daily routine. A convenient powder room completes the level. Upstairs, the primary retreat enjoys additional corner windows, dual closets and a private 4-piece ensuite for a true owner’s escape. Across the hall, a second bedroom accommodates family members, guests or roommates with ease. Another full 4-piece bathroom supports the upper level, while the open den supplies valuable flexibility for a home office, study area, reading nook or play space. Laundry facilities are thoughtfully positioned on the same floor as the bedrooms, reducing trips up and down stairs. Centrally located within the charming community of Rainbow Falls, this home places everyday amenities within easy reach. Children can walk to Rainbow Creek Elementary School in approximately 4 minutes, simplifying busy morning routines. Weekend adventures await just 5 minutes away at Chestermere Lake, where residents enjoy swimming, waterskiing, fishing, skating and lakeside gatherings throughout the year. Shopping, dining, entertainment and major retailers including Costco, Walmart, and Cineplex are conveniently available at East Hills Shopping Centre, only a 10-minute drive away. Combining functional living spaces, an end-unit setting and an exceptional location, this home delivers a lifestyle that balances comfort, convenience and connection to the outdoors.

124 Lavender Link, Chestermere

Courtesy of LPT Realty.

111 Rainbow Falls Gate Unit 30, Chestermere

$369,900

3 Beds ⋅ 3 Baths ⋅ A2349230 MLS® #

Room to spread out, space to work from home, and two outdoor areas to enjoy—this end-unit townhome in Rainbow Falls has plenty to offer. With three bedrooms, 2.5 bathrooms, central air conditioning and a double attached garage, it’s a comfortable, well-cared-for home with a practical layout. The main floor feels bright and open, with large windows, nine-foot ceilings, laminate flooring and fresh paint. In the kitchen, ceiling-height cabinets provide plenty of storage, while quartz counters, stainless steel appliances and a tiled backsplash give the space a clean, modern look. The centre island connects the kitchen to the dining and living areas, keeping everyone together whether you’re making dinner or having friends over. Step onto the balcony for some fresh air or fire up the barbecue using the gas hookup. Upstairs, the spacious primary bedroom has a walk-in closet and its own four-piece ensuite. Two more bedrooms and a second full bathroom offer room for family or guests, and laundry on the same floor makes everyday chores a little easier. On the entry level, a separate flex room gives you options for a home office, workout space or hobby room. Currently the space is used as a well appointed office. There’s also a roomy foyer, extra storage and direct access to the garage. The garage has been mudded and painted. Outside, the lower patio offers another spot to sit and unwind. Low condo fees, visitor parking and a nearby playground add to the appeal. Recent updates include a new roof and freshly painted garage doors in 2026. Windows are tinted for privacy. With schools, walking paths, parks, Chestermere Lake, shops and restaurants close by, plus convenient access to major roads, this home puts everyday essentials and weekend plans within easy reach.

111 Rainbow Falls Gate Unit 30, Chestermere

Courtesy of RE/MAX Complete Realty.

6 Merganser Drive W Unit 4109, Chestermere

$399,000

2 Beds ⋅ 2 Baths ⋅ A2347487 MLS® #

Step into comfort and convenience with this beautifully appointed main-floor 2 bedroom PLUS DEN, 2 bathroom condo, complete with 2 parking , first is titled parking and second is parking stall and private patio access, perfect for enjoying your morning coffee, entertaining guests, or providing easy access for pets. Inside, you'll find a bright, modern layout featuring quartz countertops, stainless steel appliances, and stylish finishes throughout, offering the perfect blend of elegance and functionality. Located in the vibrant and fast-growing community of Chelsea, this home combines peaceful living with exceptional convenience. Enjoy nearby parks, scenic walking paths, and playgrounds, while Chestermere Lake is just minutes away for boating, paddleboarding, swimming, and year-round recreation. Everyday essentials are within easy reach with shopping, restaurants, and services at Chestermere Station and Chestermere Crossing. Whether you're a first-time buyer, downsizer, or investor, this move-in-ready Lockwood unit offers an incredible opportunity to own in one of Chestermere's most desirable new communities.

6 Merganser Drive W Unit 4109, Chestermere

Courtesy of AlphaX Realty.

$392,500

3 Beds ⋅ 3 Baths ⋅ A2345874 MLS® #

Prime Location. Exceptional Lifestyle. Welcome to this beautifully appointed two-storey townhouse offering over 1,500 sq. ft. of thoughtfully designed living space in one of Chestermere’s most convenient locations. Featuring 3 bedrooms, 2.5 bathrooms, an attached single garage, and a fully finished basement, this move-in-ready home blends comfort with modern style. The bright open-concept main floor showcases a spacious living area, elegant dining space with access to the private deck, and a modern kitchen featuring stainless steel appliances and granite countertops. Upstairs offers two generous bedrooms, full bath, laundry, and a spacious primary retreat with a private ensuite. The finished basement provides a welcoming recreation room, built-in speakers, and ample storage. Outside, enjoy a fully fenced yard backing onto green space and a professionally finished deck with BBQ gas line. Steps from shopping, dining, amenities, and Chestermere Lake—this is low-maintenance living at its finest.

300 Marina Drive Unit #115, Chestermere

Courtesy of Royal LePage Blue Sky.

33 Merganser Drive W Unit 902, Chestermere

$375,000

2 Beds ⋅ 3 Baths ⋅ A2341383 MLS® #

Built in 2023 in the Cascata project at Chelsea, this townhome was laid out with two bedrooms instead of three, giving both bedrooms generous space. The second bedroom measures 14'4" by 13'11", almost as large as the primary at 14'5" by 12'7". Both are on the top floor, along with the laundry, and the primary has a four-piece ensuite. Telus PureFibre is available at the address. One level down, the main floor brings the kitchen, dining, and living areas together in one open space, with a balcony off the dining area. The kitchen features quartz counters and an island, warm brown cabinetry, and stainless steel appliances. The living room measures 14'4" by 12'3", with a dining area large enough for a full-sized table. Measured above-grade space is 1,346 square feet. The garage runs 33 feet deep, holding two vehicles in tandem with a third on the driveway. The builder offered the rear section as an optional office or small third bedroom; that option was not taken, but the courtyard door is already in place. Beyond the shared courtyard, the complex has visitor parking for guests. Chestermere Lake is 2.7 kilometres away. Schools, pathways and parks are within the community, while East Hills Shopping Centre, with Costco, Walmart and Cineplex, is a short drive away. The commute to Calgary is straightforward. The home is leased at $1,750 per month until 30 September 2027, providing rental income from day one, with vacant possession available at lease end.

33 Merganser Drive W Unit 902, Chestermere

Courtesy of DreamHouse Realty Ltd..

$395,000

3 Beds ⋅ 3 Baths ⋅ A2342097 MLS® #

OPEN HOUSE: SATURDAY, SEPTEMBER 19, 1-3 PM! Welcome to this beautifully maintained end-unit townhome, where thoughtful design, comfortable living, and an exceptional location come together. Positioned just steps from the off-leash dog park and moments from Chestermere Lake, this inviting home offers three bedrooms, a private fenced backyard, a single attached garage, and a versatile developed lower level.The bright, open-concept main floor creates an effortless flow between the living, dining, and kitchen areas, making it equally suited to relaxed everyday living and entertaining. The kitchen is finished with granite countertops, stainless steel appliances, and timeless neutral cabinetry, while direct access to the backyard extends the living space outdoors. Fully fenced and private, the yard offers a wonderful setting for children, pets, gardening, or quiet summer evenings.Upstairs, brand-new carpet carries throughout all three bedrooms. The spacious primary retreat features a walk-in closet and private three-piece ensuite, complemented by two additional bedrooms, a four-piece bathroom, and the convenience of upper-level laundry.The developed lower level provides valuable flexibility for a family room, children’s play space, home gym, or office, along with generous storage. Located within a pet-friendly complex where lawn care and snow removal are included, this home delivers the ease of low-maintenance living without sacrificing space or outdoor enjoyment.Shopping, restaurants, fitness facilities, the library, parks, pathways, and Chestermere Lake are all close at hand. Ideal for first-time buyers, growing families, down sizers, or investors, this welcoming home offers comfort, convenience, and a true sense of community. Book your private showing today and discover the exceptional value this home has to offer!

300 Marina Drive Unit 124, Chestermere

Courtesy of Sotheby's International Realty Canada.

$395,900

2 Beds ⋅ 3 Baths ⋅ A2341773 MLS® #

Welcome to 54, 285 Chelsea Court, a BRAND-NEW three-storey townhouse offering 1,174 sq. ft. of thoughtfully designed living space in the growing community of Chelsea in Chestermere. Featuring TWO DUAL PRIMARY BEDROOMS, 2.5 BATHROOMS, A 2-CAR TANDEM ATTACHED GARAGE, HARDIE BOARD SIDING, A/C ROUGH-IN, AND BBQ GAS ROUGH-IN TO THE DECK, this modern home combines style, functionality, and low-maintenance living with immediate possession available.The bright main living level features an open-concept design with luxury vinyl plank flooring and large windows that fill the space with natural light. The contemporary kitchen is finished with quartz countertops, sleek cabinetry, modern appliances, and a convenient breakfast bar, while the adjoining dining and living areas provide a comfortable setting for everyday living and entertaining. A two-piece powder room completes the level, and the private deck extends your living space outdoors with a BBQ GAS ROUGH-IN ready for summer grilling.Upstairs, TWO SPACIOUS PRIMARY BEDROOMS each feature their own private ensuite, creating an ideal layout for roommates, guests, or homeowners who appreciate additional privacy. Convenient upper-level laundry adds to the home's practical design.Additional features include durable HARDIE BOARD SIDING, contemporary finishes, storage space, A/C ROUGH-IN, and a 2-CAR TANDEM ATTACHED GARAGE providing secure parking and additional storage. The property is part of a bare land condominium with low monthly fees contributing to common area maintenance, snow removal, and professional management.Enjoy life in Chelsea, a growing Chestermere community surrounded by parks, playgrounds, pathways, schools, shopping, and everyday amenities. With convenient access to major routes and Calgary just minutes away, 54, 285 Chelsea Court offers the opportunity to enjoy modern, low-maintenance living in a well-connected community.

285 Chelsea Court Unit 54, Chestermere

Courtesy of eXp Realty.

111 Rainbow Falls Gate Unit 2, Chestermere

$395,000

2 Beds ⋅ 3 Baths ⋅ A2338372 MLS® #

WOW! Check out this TWO bed, TWO and a half bath, front drive townhome with sunny unobstructed south views. Once you enter the main floor, you are greeted with a massive mud room which leads you to your ATTACHED DOUBLE car garage. The main floor also boats a versatile den which could be used as a third bedroom, an office, home gym, studio; whatever you see fit. The first thing you notice when you enter your new second floor home is that you have a wide open floor plan. With a half bathroom, closet, pantry, centre kitchen, and quartz countertop island with touch faucet - you will have plenty of cupboards and counter space to cook up a storm. The central area of your new home accommodates a gigantic living room to one side and a dining area to the next - perfect for hosting friends and family gatherings. Straight ahead of your living room you will find your private balcony where you can BBQ up a storm. Continuing on to the upper level you will find not one, but TWO primary bedrooms, each with its own 4-piece bathroom and walk in closets big enough to sleep in. For your convenience and piece of mind, you have brand new carpet with upgraded underlay and a fresh coat of paint throughout. You also have in-suite laundry on the upper level, additional under stair storage and brand new shingles on the roof and hardy board shakes. How amazing is that? The location is perfect too - just an 11-minute drive to Stoney Trail, a 7-minute drive to Glenmore, walking or biking distance to several restaurants, pubs, shopping, Calgary transit bus, parks, playgrounds, and schools! There are plenty of visitor parking stalls as well as on street parking right out your front door. You will be hard pressed to find a 2+1 bedroom, 2.5 bath townhome THIS spacious and THIS convenient for THIS price anywhere in the city so come and have a look today!

111 Rainbow Falls Gate Unit 2, Chestermere

Courtesy of Real Broker.

$265,000

2 Beds ⋅ 1 Baths ⋅ A2338939 MLS® #

Welcome to this beautifully maintained 2-bedroom, 1-bathroom condo in Chestermere Station, featuring low condo fees and plenty of natural light. This desirable corner unit is located on the 3rd floor and offers a bright, spacious, single-level layout with an open-concept living and dining area. The well-appointed kitchen flows seamlessly into the living room, creating an inviting space that is perfect for both everyday living and entertaining. Both bedrooms are generously sized, while the bathroom is conveniently located within the unit. The in-suite laundry includes additional storage space for added convenience. Step outside from the living room onto your private balcony, the perfect spot to relax and enjoy your morning coffee or unwind in the evening. The unit also includes one assigned parking stall conveniently located just outside the building entrance. Ideally situated close to Chestermere Lake, shopping, restaurants, and other amenities, this home offers comfort, convenience, and an excellent location. Book your private showing today and discover everything this wonderful condo has to offer!

300 Marina Drive Unit 196, Chestermere

Courtesy of Real Estate Professionals Inc..

$399,900

2 Beds ⋅ 3 Baths ⋅ A2337857 MLS® #

Welcome to 12 Waterford Glen in Chestermere, where modern style meets everyday functionality in this beautifully designed townhouse. This move-in ready home offers the perfect blend of comfort, convenience, and contemporary finishes—ideal for first-time buyers, growing families, or investors.Enjoy the freedom of no condo fees and the convenience of a single attached garage with direct access into the home. Inside, the main floor is bright and inviting, featuring 9-foot ceilings, engineered hardwood flooring, and a thoughtfully designed open-concept layout that feels both spacious and welcoming. The kitchen and bathrooms are finished with elegant quartz countertops, offering a clean, modern look with lasting durability.Step outside to a treated wood deck with BBQ gas line, perfect for relaxing, entertaining, or enjoying summer evenings. Upstairs, the convenient upper-floor laundry adds everyday ease, while the ground-level flex room offers incredible versatility—ideal for a home office, workout space, guest room, or playroom.This is a home that truly delivers style, value, and flexibility in one of Chestermere’s most desirable communities.Unlock Your First Home with the GST Rebate! The First-Time Home Buyers’ GST Rebate could save you up to $50,000 on a new home. To qualify, buyers must be at least 18 years old, be a Canadian citizen or permanent resident, and must not have owned or lived in a home owned by themselves or their spouse/common-law partner within the last four years. Homes placed under contract after May 27, 2025 may be eligible. Terms and conditions are subject to Government of Canada and CRA rules and guidelines.Please note: Front elevation and interior photos shown are from the same model and are for illustration purposes only. Actual home style, interior colours, and finishes may vary.Call today!

12 Waterford Glen, Chestermere

Courtesy of First Place Realty.

$349,900

3 Beds ⋅ 3 Baths ⋅ A2337231 MLS® #

This end-unit townhouse in Rainbow Falls offers the kind of layout that makes everyday living easy—with 1,228 sq. ft. above grade, three bedrooms, 2.5 bathrooms and a full unfinished basement ready for whatever comes next. Immediate Possession Available!!! The main floor is bright, open and inviting, with hardwood flooring, large windows and a seamless flow between the living, dining and kitchen areas. The kitchen features quartz countertops, a generous island, ample cabinetry and a functional layout that keeps you connected to the rest of the home. The dining area overlooks the backyard, while the living room offers plenty of room to relax or entertain. Upstairs, the spacious primary bedroom features its own ensuite, while two additional bedrooms and a full bathroom provide plenty of flexibility for family, guests or a home office. The unfinished basement adds valuable storage and future development potential, with laundry already in place plus a brand new hot water tank. Outside, enjoy your own private yard and the added privacy of an end-unit location. Central air conditioning keeps things comfortable through the summer. Parking is convenient with two parking stalls at the rear with direct access to the back door and additional street parking at the front. Located in the desirable Rainbow Falls community, you're close to Lake Chestermere, parks, schools, shopping, walking paths and the amenities of Chestermere—all while enjoying the space and feel of a traditional home without the upkeep of a detached property. Comfortable. Practical. Private. And ready for its next chapter.

153 Rainbow Falls Manor W, Chestermere

Courtesy of Royal LePage Benchmark.

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