Rainbow Falls Homes with Full Basement Development

Rainbow Falls Homes with Full Basement Development

Welcome to Rainbow Falls, a picturesque community nestled in the heart of Chestermere, Alberta. This vibrant neighborhood is renowned for its stunning natural landscapes, friendly atmosphere, and an array of amenities that cater to families and individuals alike. With its serene lakeside views and lush green spaces, Rainbow Falls offers a perfect blend of tranquility and modern living.

One of the standout features of homes in this community is the full basement development. These thoughtfully designed residences provide ample space for families to grow, entertain, or simply unwind. Whether you envision a cozy family room, a home gym, or a dedicated play area for the kids, the possibilities are endless with a fully developed basement. Each home is crafted with care, ensuring that residents can enjoy both comfort and functionality.

Rainbow Falls is not just about beautiful homes; it’s about a lifestyle. The community boasts an array of recreational facilities, parks, and walking trails that encourage an active lifestyle. Families can take advantage of nearby schools, shopping centers, and dining options, making daily life convenient and enjoyable. The close-knit community spirit is palpable, with regular events and gatherings that foster connections among neighbors.

If you’re looking for a place that combines the beauty of nature with modern conveniences, Rainbow Falls in Chestermere is the perfect choice. Explore the homes with full basement development and discover a community that truly feels like home. Embrace the charm of Rainbow Falls, where every day feels like a breath of fresh air!

Newest Rainbow Falls Homes with Full Basement Development

$850,000
4 Beds 3 Baths A2338569 MLS® #
OPEN HOUSE | SATURDAY & SUNDAY | SEPTEMBER 5 & 6 | 12–3 PM | Welcome to 136 Rainbow Falls Glen, a beautifully maintained walkout bungalow in Rainbow Falls, Chestermere, backing directly onto a peaceful recirculating pond with no neighbours behind. Offering 4 bedrooms, 3 full bathrooms, nearly 1,600 sq. ft. above grade, a fully finished walkout basement and a rare triple attached garage, this home combines comfortable main-floor living with exceptional space and privacy.The main floor features an inviting open-concept layout with soaring 11-foot ceilings, large windows and beautiful pond views. The spacious living room is anchored by a gas fireplace and flows naturally into the dining area and modern kitchen, complete with granite countertops, stainless steel appliances, built-in oven, built-in microwave and a large island. Whether you're hosting family and friends or enjoying a quiet evening at home, the open design makes entertaining effortless.The pond-facing primary bedroom offers a peaceful retreat with beautiful views and a spacious ensuite featuring a soaking tub. A second bedroom and full bathroom on the main level provide excellent flexibility for guests, family members or a home office.The fully finished walkout basement adds two additional bedrooms, a full bathroom and generous living space, complemented by 9-foot ceilings, a second gas fireplace and direct access to the backyard patio overlooking the pond. With the walkout design, the lower level feels bright, spacious and connected to the outdoors.Recent updates provide added peace of mind, including a new furnace (2024), humidifier (2024) and hot water tank (2023). Additional features include central air conditioning, water softener, central vacuum, fresh paint and professionally cleaned carpets, making this home move-in ready.Outside, enjoy the privacy of a pond-backed lot with no neighbours behind, fenced yard and multiple outdoor living spaces. The triple attached garage offers exceptional room for vehicles, storage, recreational equipment and hobbies.Located in the sought-after community of Rainbow Falls in Chestermere, you're just minutes from Chestermere Lake, parks, pathways, playgrounds, schools, shopping and everyday amenities. Enjoy year-round lakeside recreation including boating, paddleboarding, kayaking, swimming, fishing and winter skating, while remaining within an easy drive of Calgary.If you're searching for a walkout bungalow in Chestermere, a pond-backed home in Rainbow Falls, or a home with a triple attached garage and no neighbours behind, 136 Rainbow Falls Glen is a rare opportunity to enjoy space, privacy and the Chestermere lifestyle in one exceptional package.

136 Rainbow Falls Glen, Chestermere

Courtesy of Real Broker.

$849,000
4 Beds 4 Baths A2316289 MLS® #
Welcome to 76 Rainbow Falls Blvd, a former Douglas Homes showhome offering over 2,285 sq. ft. above grade, a triple garage and fully developed walkout basement currently configured as a one-bedroom illegal suite and operated as an Airbnb. Located in sought-after Rainbow Falls, this property combines an impressive family home with excellent flexibility for extended family, guests or additional income potential. The main floor is bright and spacious, featuring a welcoming foyer, dedicated office, large living room with fireplace, dining area and a generous kitchen with breakfast bar and walkthrough pantry. A convenient mudroom provides direct access to the garage, while the office offers an ideal work-from-home space or additional flexibility for a busy household. Extra-tall interior doors add to the home's distinctive former-showhome character. Upstairs, you'll find 3 bedrooms, 2 full bathrooms, upper-floor laundry and a large bonus room perfect for movie nights, a playroom or additional family space. The spacious primary retreat features a 5-piece ensuite with soaker tub, separate shower and double vanity, along with a walk-in closet that connects directly through to the laundry room—a thoughtful and convenient design. The fully developed walkout basement adds another level of versatility and is currently configured as a one-bedroom illegal suite used as an Airbnb. It features a large bedroom, 3-piece bathroom, kitchen, dining area and spacious recreation/living room, creating a comfortable and functional lower-level living space with direct access outside. Step outdoors to enjoy the large upper deck and private backyard, with the walkout level extending the usable outdoor living space. The triple garage features three individual garage doors and openers, providing excellent parking, storage and everyday functionality. Rainbow Falls is known for its pathways, water features and family-friendly atmosphere, with schools, playgrounds, restaurants, shopping and everyday amenities within easy reach. Chestermere Lake is just minutes away, offering year-round recreation including boating, kayaking, swimming, skating and ice fishing. With over 2,285 sq. ft. above grade, 4 bedrooms across all three levels, 3.5 bathrooms, a triple garage, dedicated office, bonus room and walkout illegal suite, this former showhome offers a rare combination of space, versatility and income potential in one of Chestermere's most desirable communities.

76 Rainbow Falls Boulevard, Chestermere

Courtesy of eXp Realty.

$799,900
4 Beds 4 Baths A2336539 MLS® #
Pride of ownership is evident throughout this beautifully maintained home, complete with a fully developed walkout basement and an incredible setting in Rainbow Falls. Tucked along a quiet street, the property backs directly onto the canal, walking path and green space, creating a beautiful backdrop to enjoy year-round. With a playground just across the street, schools nearby, a spacious floor plan and a stunning landscaped backyard, this home offers an ideal combination of space, location and family-friendly living. Step inside and you’re welcomed by impressive vaulted ceilings and an abundance of windows, filling the home with natural light and creating a bright, open atmosphere. A dedicated front office provides the perfect space for working from home, while the main living areas take full advantage of the beautiful views out back. The recently renovated (2024) modern chef's kitchen offers an abundance of cabinetry, quartz countertops, stainless steel appliances, a walk-through pantry, and a centre island with breakfast bar seating. The adjoining dining area opens directly onto a private balcony overlooking the backyard, canal, and green space - a wonderful spot to enjoy the peaceful surroundings. The living room is warm and inviting, with soaring ceilings and large windows showcasing the view. Upstairs, you’ll find a spacious bonus room and three bedrooms, including the generous primary retreat with plenty of room to unwind. The 5-piece ensuite features dual sinks, a soaker tub, separate shower and private water closet, while a walk-in closet completes the space. The fully developed walkout lower level adds even more room to enjoy, featuring a fourth bedroom, massive recreation room, cozy fireplace and convenient wet bar - an ideal setup for movie nights, entertaining guests or simply giving everyone a little extra space. Outside, the beautifully landscaped backyard is truly an extension of the home. Generous in size and surrounded by beautiful views, yet importantly offering a ton of privacy, there is plenty of space to entertain family and friends or simply relax outdoors and take in the canal and green space beyond. For those who love getting outside, the 5.5 km Rainbow Falls Loop walking paths are just steps away, offering a beautiful route through the community. Located in the established Rainbow Falls community of Chestermere, close to schools, parks, pathways, shopping and local amenities, this home combines an exceptional location with space, functionality and a setting that is hard to beat. This is the kind of home that simply makes sense for family living.

199 Lavender Way, Chestermere

Courtesy of Real Broker.

$774,900
6 Beds 4 Baths A2338754 MLS® #
Perfectly situated on a corner lot in the family-friendly community of Rainbow Falls, this updated 2-storey home offers the ideal balance of location, lifestyle, and thoughtful design. Enjoy quick access to Lakeside Golf Greens, Chestermere Lake, schools, parks, and shopping, making this an exceptional place to call home.Boasting over 2,700 sq ft above grade with a fully developed basement, this home features 6 bedrooms and 3.5 bathrooms, providing ample space for growing families or multi-generational living .The main floor welcomes you with a bright open-concept layout, neutral tones, and an abundance of natural light. The living room is anchored by a cozy gas fireplace, creating a warm and inviting space that flows seamlessly into the dining area and kitchen.The kitchen is the heart of the home, showcasing timeless white cabinetry, a tiled backsplash, a large island, and a walk-through pantry. Direct access from the triple attached garage leads into a well-designed mudroom with added cabinetry and tile flooring for everyday convenience.The dining area offers direct access to the backyard, creating a seamless indoor-outdoor connection and making it perfect for entertaining or everyday living.Upstairs, you’ll find 4 spacious bedrooms plus a bonus room, providing flexible space for a family room, office, or play area. The primary suite offers a peaceful retreat with room for a king-sized bed, a walk-in closet, and a spa-inspired ensuite featuring a soaker tub and elegant tile finishes.The fully developed basement expands your living space with 2 additional bedrooms, high ceilings, and a stylish dry bar, ideal for entertaining or accommodating guests.Additional highlights include numerous built-in features and a thoughtfully designed layout tailored for modern living.This is a rare opportunity to own a well-appointed home in one of Chestermere’s most desirable communities.

168 Rainbow Falls Heath, Chestermere

Courtesy of RE/MAX House of Real Estate.

$359,900
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. 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.

$999,900
5 Beds 4 Baths A2336303 MLS® #
LIKE-NEW, CANAL-FRONT HOME WITH A WALK-OUT ILLEGAL BASEMENT SUITE, SUNNY SOUTH BACKYARD & TRIPLE ATTACHED GARAGE IN CHESTERMERE. Backing directly onto a quiet canal w/ no neighbours behind, this exceptional home offers 5 bedrooms, 3.5 bathrooms, a fully developed walk-out illegal basement suite, triple attached garage w/ workshop space, elevator access to the basement, and 3 South-facing outdoor patios. The home welcomes you with a bright, modern interior featuring contemporary white finishes and durable hard-surface flooring throughout the above-grade living spaces. A spacious foyer opens naturally into the main level and above. The spacious living room is centred around a gas fireplace with stone surround and flows into the kitchen, complete w/ granite countertops, stainless steel appliances, gas cooktop, extensive cabinetry, and a walk-through pantry w/ direct access to the garage. The dining area overlooks the sunny South-facing backyard and canal. Sliding doors lead to a large rear deck w/ a gas BBQ line and uninterrupted views across the canal and fields beyond. A dedicated laundry room w/ side-by-side washer and dryer and built-in storage, plus a powder room. The main level also provides a full enclosed office for work-from-home days. Upstairs, 4 generously sized bedrooms are complemented by a large bonus room with its own fireplace. The private primary suite overlooks the canal and features a sunny South-facing balcony, a large walk-in closet, and a 4-pc ensuite, a drop-in soaker tub, a separate shower, and a private water closet. Three additional bedrooms share a full 4-pc bathroom w/ tub/shower combination. An elevator provides convenient access to the fully developed walk-out basement, configured as an illegal suite. Oversized windows bring abundant natural light into the lower level, which features a spacious recreation room overlooking the South-facing concrete patio and canal, and a full kitchen with granite countertops. The large bedroom features oversized windows overlooking the sunny South backyard and a full 4-pc bathroom. Walk-out access leads directly to the fully fenced backyard, complete with tiered garden areas and a dedicated pet area. The canal frontage and lack of rear neighbours create an exceptional sense of privacy. The triple attached garage offers excellent parking and storage, along with a dedicated workshop area for projects and equipment. Central air conditioning provides year-round comfort. Located in Chestermere, residents enjoy easy access to Chestermere Lake, parks, pathways, playgrounds, schools, shopping, restaurants, and everyday services. Highway 1 provides convenient access to Calgary while allowing you to enjoy the privacy and quieter setting of canal-front living.

268 Rainbow Falls Way, Chestermere

Courtesy of RE/MAX House of Real Estate.

$899,900
5 Beds 4 Baths A2335091 MLS® #
FORMER SHOWHOME | PREMIUM CORNER LOT | ATTACHED 4-CAR GARAGE | FULLY LEGAL 2-BEDROOM BASEMENT SUITE | EXPANSIVE COMPOSITE DECK WITH HOT TUB | BEAUTIFULLY TREE-LINED BACKYARD | SOARING OPEN-TO-ABOVE LIVING ROOM WITH DOUBLE-HEIGHT WINDOWS | CUSTOM EXTERIOR LIGHTING WRAPPING THE ENTIRE HOME | QUICK ACCESS TO GLENMORE TRAIL FOR AN EASY COMMUTE TO CALGARY | Experience LUXURY, SPACE, AND EXCEPTIONAL VALUE in this stunning FORMER SHOWHOME offering OVER 3,375 SQ. FT. OF BEAUTIFULLY FINISHED LIVING SPACE, 5 BEDROOMS, 4 BATHROOMS, and an incredible combination of upscale finishes, thoughtful design, and income-generating potential in the highly sought-after community of RAINBOW FALLS. From the moment you step inside, you're welcomed by a GRAND CURVED STAIRCASE and impressive OPEN FOYER that leads into a breathtaking OPEN-TO-ABOVE GREAT ROOM featuring SOARING DOUBLE-HEIGHT WINDOWS that flood the home with natural light. A beautiful FIREPLACE anchors the spacious living area, creating the perfect setting for both everyday living and entertaining. The CHEF-INSPIRED KITCHEN is beautifully appointed with PREMIUM WOLF APPLIANCES, including a GAS COOKTOP, BUILT-IN OVEN, AND MICROWAVE, complemented by GRANITE COUNTERTOPS, a LARGE CENTRE ISLAND, abundant cabinetry, and a functional layout designed for gathering with family and friends. QUARTZ COUNTERTOPS in every bathroom continue the home's high-end finishes throughout. One of the home's most valuable features is the FULLY LEGAL 2-BEDROOM BASEMENT SUITE, complete with a PRIVATE COVERED SIDE ENTRANCE, FULL BATHROOM, DEDICATED LAUNDRY ROOM, and a thoughtfully designed layout that is READY TO GENERATE RENTAL INCOME or provide comfortable accommodations for extended family. Step outside into your own private backyard retreat featuring an EXPANSIVE COMPOSITE DECK, HOT TUB, BBQ GAS LINE, and a BEAUTIFULLY TREE-LINED BACKYARD that creates the perfect backdrop for relaxing or entertaining. As evening falls, the home's CUSTOM EXTERIOR LIGHTING WRAPS THE ENTIRE PROPERTY, delivering exceptional curb appeal and making this home truly stand out day and night. The INSULATED ATTACHED 4-CAR GARAGE offers exceptional space for vehicles, toys, hobbies, or additional storage, while the PREMIUM CORNER LOT provides enhanced privacy, impressive curb appeal, and extra outdoor space. Located just moments from GLENMORE TRAIL, you'll enjoy QUICK AND CONVENIENT ACCESS TO CALGARY while living in one of Chestermere's most established and desirable communities, known for its scenic pathways, waterfalls, parks, and family-friendly atmosphere. Combining SHOWHOME QUALITY, LUXURY FINISHES, INCOME-GENERATING POTENTIAL, and an UNBEATABLE LOCATION, this is a rare opportunity to own one of RAINBOW FALLS' most exceptional homes. BOOK YOUR SHOWING NOW!

37 Rainbow Falls Boulevard, Chestermere

Courtesy of eXp Realty.

$699,900
4 Beds 4 Baths A2332287 MLS® #
Rainbow Falls is calling. It says you should live here! This beautiful fully finished air conditioned 2 story home has been meticulously maintained and thoughtfully updated and is ready for you to move right in. First impressions are everything and this home has unmistakable curb appeal with its timeless and elegant design, lush well manicured landscaping and charming covered front porch. The spacious entryway with 2 story vaulted ceiling opens onto a central staircase as well as the formal living room with 2 sided fireplace. On the other side of the staircase is a designated home office with double French doors allowing you to work or study from home in privacy. The open concept main living area is flooded with natural light thanks to large windows showcasing the mature backyard view. Light coloured cabinets and newer high end white appliances create a cheerful and inviting feeling. The kitchen is open to the sunny dining area and flows seamlessly into the comfortable family room complete with built-in shelving and the other side of the 2 sided fireplace. The recently refurbished multi-tone hardwood flooring throughout much of the main floor is a stunning addition that adds warmth to the space. A 2 pc powder room and laundry room off the garage entrance round out this main level. Upstairs you’ll find a spacious bonus room with vaulted ceilings where your family is going to love to spend quality time together. Down the hall are 3 good sized bedrooms including the primary retreat complete with a generous 4 pc ensuite and walk in closet. One of the other 2 bedrooms also has a walk-in closet and they share the main bath. The fully finished basement is the ultimate retreat for your teenager, other family member or out of town guests. A 4th bedroom with direct access to the 4 pc bath, 2 flex spaces to use as a craft room, office, home gym or whatever suits your needs plus a large family room make this the ultimate space for hanging out with friends or family. Make the most of summer in your fully fenced backyard oasis where you’ll enjoy an upper deck conveniently located just off the dining room for easy access to your grill, a lower ground level deck for lounging and plenty of grassy area for kids and pets to play. A storage shed is nicely tucked at the side of the house to keep all of your outdoor tools and toys organized. Enjoy total peace of mind with extensive recent updates including a brand-new air conditioner, kitchen appliances updated within the past year (fridge, oven, microwave, dishwasher and reverse osmosis system), a newer washer and dryer (2–3 years), and major mechanicals that offer complete confidence with both the high-efficiency furnace and tankless hot water on demand replaced within the last 5 years. You’re going to love living in Rainbow Falls that is home to some of Chestermere’s most picturesque pathways and streets. You’re also close to several great schools, plenty of parks and playgrounds as well as a growing number of amenities.

243 Westchester Boulevard, Chestermere

Courtesy of RE/MAX Key.

$949,900
5 Beds 4 Baths A2329472 MLS® #
BEAUTIFUL HOME WITH 4 CAR GARAGE BACKING ONTO POND AND PATHWAY! With over 3,595 sq.ft. of living space and 5 bedrooms, it has plenty of room for the whole family. Entering this stunning home you'll notice the beautifully updated stone accent wall with bench, all new lighting throughout and the special touches added to each and every room. The open bright kitchen, living and dining area looks out to great views of the pond and walking paths. The beautiful kitchen has been updated with a new stone backsplash with pot filler. An accessible walk-though pantry makes it easy to bring in the groceries from the garage. The dining room has access to the huge composite deck looking out over the yard, pond and pathway. An office is located conveniently right off of the living room. Tuck away all the jackets and shoes in the cute mudroom at the entry to the garage. The upper level features a huge bonus room with lots of built-ins for storage and bright windows. The primary bedroom overlooks the pond and pathway and features a large ensuite with separate bath and shower, and his and her sinks. 3 more additional bedrooms upstairs all with jack-n-jill style bathrooms attached to them. One bedroom even features a climbing wall! Put your own final touches in the walk-out lower level. One bedroom has already been completed, a washroom can be easily added and even room for an extra kitchen and living room. Plenty of indoor parking in the dream 4 car heated garage even with it's own a small bathroom and small washer/dryer in it as well. Enjoy relaxing in the shade on the lower level patio or soak in the hot tub. The big back yard has a great play structure and still plenty of space to play on the lawn. Cute stone garden shed is perfect for hiding away all the garden supplies. Go for a nice stroll right out the back gate and onto the walking path around the pond. The location is great with lots of walking and bike paths, shopping and schools nearby. This home must be seen to be appreciated!

148 Rainbow Falls Glen, Chestermere

Courtesy of CIR Realty.

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