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

$699,900

3 Beds ⋅ 3 Baths ⋅ A2351850 MLS® #

Immaculate condition, thoughtful updates and a heated triple attached garage make this beautifully maintained home stand out on a quiet street in Rainbow Falls. With three generous bedrooms, a main floor office and a bright upper bonus room, the layout balances inviting spaces to gather with comfortable places to unwind. Brand new vinyl plank flooring flows throughout the main floor, while an open riser staircase with white railings and black wrought iron spindles creates a striking first impression. Convenient garage access connects directly to the front entrance, with a two piece bathroom and a spacious office just down the hall. A glass insert door and window bring natural light into this dedicated workspace, ideal for working from home. At the back of the home, large windows fill the open living area with natural light, creating a welcoming setting for everyday life and entertaining. The beautifully appointed kitchen features timeless white cabinetry with black hardware, a contrasting black island, quartz countertops, upgraded stainless steel appliances and a corner pantry with a glass insert door. Pendant lighting, a light grey subway tile backsplash and a distinctive tile wrapped hood fan complete the space. Whether hosting friends or preparing a family meal, the open design keeps everyone connected, with the island providing a natural gathering spot. The adjacent dining nook features a modern light fixture and opens onto a large elevated deck overlooking the generous east facing backyard. Enjoy morning sunshine with your coffee or extend summer gatherings outdoors, with plenty of yard space for relaxing and playing. Across from the kitchen, the inviting living room showcases a fireplace with a stone surround and white mantel, a dramatic black feature wall, recessed lighting and a large rear window. It is a comfortable place to settle in at the end of the day. Upstairs, a vaulted ceiling gives the bonus room an airy, spacious feel, making it an ideal spot for movie nights, a play area or a quiet evening together. The generous primary retreat features a large rear window, a modern light fixture and a black feature wall accented with geometric wood panelling. Its impressive ensuite offers a large soaker tub, an oversized glass enclosed shower, dual sinks, quartz countertops and grey cabinetry. The walk in closet connects directly to the spacious laundry room, adding everyday convenience. Two oversized secondary bedrooms and a four piece bathroom complete the upper level. The basement is undeveloped beyond the finished stair landing, offering ample space to create additional living areas that suit your lifestyle. Additional features include central air conditioning, central vacuum, a water softener and a spacious heated triple garage with overhead storage, providing room for vehicles, hobbies and seasonal gear. A hot water tank replaced approximately one year ago, along with new roofing and soffits completed approximately one month ago, adds to the home’s appeal.

160 Rainbow Falls Passage, Chestermere

Courtesy of Real Broker.

$619,000

4 Beds ⋅ 4 Baths ⋅ A2351256 MLS® #

Welcome to this beautifully renovated home in Rainbow Falls, Chestermere! This home has been extensively rennovated with newer kitchen, fresh paint, newer appliances, updated flooring, newer carpet, modern lighting, refreshed bathrooms and numerous upgrades throughout.The bright open-to-above foyer welcomes you into a spacious main floor featuring a cozy gas fireplace and a newly renovated kitchen with newer stainless-steel appliances, gas range, built-in microwave, central island and walkthrough pantry. Upstairs, the spacious primary retreat offers a walk-in closet and 5-piece ensuite with an oversized jetted tub, while two additional bedrooms and a refreshed 4-piece bathroom complete the upper level.The fully finished, newly renovated basement adds exceptional living space with a recreation room, built-in bar, updated 2-piece bathroom and fourth bedroom—perfect for guests, a home office or family living.Enjoy the southwest-facing backyard with a two-tiered deck, garden space, flower beds, two sheds and hot tub. A double attached garage and driveway provide ample parking. Freshly renovated, freshly painted, newer appliances and upgraded throughout—this home truly feels like a brand-new home!

210 Crimson Lane, Chestermere

Courtesy of RE/MAX Complete Realty.

$678,888

4 Beds ⋅ 3 Baths ⋅ A2350100 MLS® #

There’s something about a home with character that you feel the moment you walk in. Tall ceilings, arched entryways, real solid oak hardwood and large windows create an immediate sense of warmth, while just outside, the pond, walking paths and a beautifully landscaped yard bring a quieter connection to nature into everyday life.Step inside and the home unfolds with an easy, natural flow. The living room is anchored by a custom feature wall, while the arched openings and warm oak floors carry you through to the kitchen—the space that naturally becomes the heart of the home. A large island with generous seating gives everyone a place to gather, from morning coffee and breakfast before school to homework at the counter and friends lingering while dinner is being made. Quartz and granite countertops add a polished finish, while fresh paint and all-new lighting bring a fresh, updated feel throughout.Upstairs, a second living area creates that extra bit of separation families appreciate—a place for movie nights, a study area, home office or simply somewhere for the kids to have a space of their own. The primary bedroom is bright and spacious, with a massive walk-in closet and ensuite featuring a brand-new soaker tub. Even the second bedroom has its own walk-in closet, adding another thoughtful detail you don’t always find.And there’s still room to make the home your own. The unfinished basement offers the flexibility to grow with you, with plans available for a future two-bedroom suite (with municipal approval) or a completely different vision—a recreation room, bar, gym, play area and hidden room designed around the way your family lives.That sense of space continues outside, where a massive deck opens onto the large, fully fenced and landscaped backyard. It’s the kind of yard that becomes part of the home in summer—dinners outside, kids playing, dogs running and friends staying a little longer as the evening winds down.From here, the lifestyle extends well beyond the backyard. The pond and walking and biking paths are just steps away, making morning walks, bike rides and evening strolls an easy part of everyday life. Schools are close by, including Rainbow Creek Elementary and Chestermere Lake Middle School, while Lakeside Golf Club, Chestermere Lake, parks, playgrounds, shopping, restaurants and everyday amenities are all within easy reach.A double attached garage with access through a work area to the backyard, central vacuum and thoughtful updates throughout add to the everyday functionality.It’s the combination that makes this home special: character without feeling dated, updates without losing its warmth, room to come together and space to spread out, all in an established neighbourhood that makes it easy to get outside and enjoy where you live. The kind of home that’s easy to picture yourself in—and even harder to picture leaving.

140 West Creek Pond, Chestermere

Courtesy of URBAN-REALTY.ca.

$625,000

5 Beds ⋅ 4 Baths ⋅ A2344280 MLS® #

This beautifully maintained home offers the SPACE, LOT & LOCATION that are increasingly hard to find at this price. Situated on a generous 46' WIDE LOT in the established side of Rainbow Falls, this move-in-ready home features 3 + 2 bedrooms, 3.5 bathrooms, a HEATED 24' x 24' DETACHED GARAGE, CENTRAL A/C and a fully fenced backyard. Freshly painted and filled with natural light, the main floor offers wide-plank hardwood flooring, a spacious dining area and inviting living room with gas fireplace and backyard views. At the heart of the home, the impressive kitchen features a MASSIVE QUARTZ ISLAND, ceiling-height cabinetry, tiled backsplash, stainless steel appliances and walk-in pantry, while the practical mudroom keeps everyday life organized. Upstairs, a generous bonus room provides valuable second living space, along with three bedrooms including a relaxing primary retreat with walk-in closet and beautifully appointed ensuite with dual vanities. The convenient upstairs laundry includes direct access to the ensuite. The fully developed basement adds two additional bedrooms, a spacious recreation room with privacy door and a 4-pc bathroom with HEATED FLOORS - perfect for teenagers, guests, a home office or gym. Outside, the 46' WIDE LOT delivers the kind of backyard space that’s difficult to recreate, with a large deck, room to play and plenty of space for summer gatherings. And the location is hard to beat - just steps from the scenic pathways surrounding the Rainbow Falls pond, waterfalls and canal, with schools, parks and playgrounds all nearby. Welcoming neighbourhood filled with young families, this is more than just a home - it's a lifestyle your family will love.

145 Rainbow Falls Glen, Chestermere

Courtesy of Century 21 Masters.

$839,900

4 Beds ⋅ 4 Baths ⋅ A2342568 MLS® #

Exceptional family living in Rainbow Falls. Offering impressive curb appeal on a desirable corner lot in the sought-after community of Rainbow Falls. This beautifully appointed executive-style home offers over 2,400 sq. ft. of thoughtfully designed living space, complemented by a heated triple attached garage featuring a tandem bay and dedicated electrical subpanel, providing exceptional space for a workshop, hobby area or addition and multiple RV parking options. A welcoming stone-accented entry opens into a bright, open-concept main floor featuring hardwood and tile flooring throughout the principal living areas. The front den provides a versatile space for a home office, while the heart of the home is the spacious kitchen, dining and living area designed with both everyday family life and entertaining in mind. The kitchen showcases crisp two-tone cabinetry, granite countertops, stainless steel appliances and a generous centre island with breakfast bar seating for three. A built-in wine rack, wine fridge and walk-through pantry add both style and functionality, with the pantry leading conveniently to the mudroom. The adjoining dining area offers plenty of room for family gatherings and dinner parties. The living room is anchored by a striking stone-faced gas fireplace with mantle and surrounded by expansive windows that fill the space with natural light. From here, step outside to the fully covered deck and enjoy summer evenings, morning coffee and effortless outdoor entertaining with a natural gas BBQ line already in place. A two-piece powder room completes the main level. Upstairs, a large bonus room provides an inviting additional living space, featuring plush carpeting and vaulted ceilings—perfect for movie nights, a playroom or simply relaxing together. The spacious primary retreat features high ceilings and a luxurious five-piece ensuite with a tile-surround corner soaker tub, dual vessel sinks, generous cabinetry, glass-enclosed shower and walk-in closet. Two additional spacious bedrooms, a four-piece bathroom and a conveniently located laundry room with sink and ample storage complete the upper level. The fully developed basement adds even more versatility, featuring a large recreation room, fourth bedroom and four-piece bathroom with convenient dual access from both the bedroom and main recreation area. A wet bar rough-in provides the opportunity to create an ideal entertaining space, while additional storage under the stairs keeps everything organized. Outside, the corner lot provides exceptional space and flexibility with gated RV parking, a dedicated dog run, under-deck storage and a custom deck offering multiple options for enjoying the outdoors. Dual-zone heating and air conditioning provide year-round comfort throughout the home. With its thoughtful layout, generous living spaces, extensive parking and impressive array of features, this exceptional Rainbow Falls property offers the perfect combination of space, function and style for today’s family

309 Rainbow Falls Way, Chestermere

Courtesy of RE/MAX Complete Realty.

$624,999

4 Beds ⋅ 4 Baths ⋅ A2341209 MLS® #

Room to live, play, work and grow, inside and out! This spacious family home in the heart of Rainbow Falls is designed for the way life actually happens, with over 2,000 sq. ft. above grade, a finished basement, four bedrooms and multiple living spaces that give everyone room to spread out!The main floor feels bright, comfortable and connected. Hardwood floors carry through the kitchen, dining and living areas, creating an easy flow for everyday routines and time together. Gather around the fireplace, enjoy meals overlooking the backyard, or step outside onto the deck when the weather is calling. A dedicated main floor office creates a quiet place to work, study or get creative without giving up a bedroom, while main floor laundry and a convenient powder room help keep busy days running smoothly.Upstairs, the home really opens up for family life. Three bedrooms are joined by a generous bonus room that can change right along with you, whether that means movie nights, toys and playtime, gaming, homework or a little bit of everything. The primary bedroom offers its own walk in closet and private 4 piece ensuite, while the additional bedrooms share another full bathroom.The finished basement adds even more flexibility. A fourth bedroom, large recreation room and half bath create a comfortable space for older kids, overnight guests, hobbies or family hangouts. There is also an impressive amount of storage, giving bikes, seasonal décor, sports equipment and all the extras that come with family life a place of their own.The outdoor spaces feel like an extension of the home. Start the morning on the covered front porch, relax or entertain on the rear deck, and enjoy a fenced, established yard surrounded by mature trees and landscaping. From the backyard, step directly onto the community walking path and head to the pond just across the street, or to the South Shore of Chestermere Lake for a walk, bike ride or time by the water.Rainbow Falls is made for an active, family friendly lifestyle, with parks, playgrounds, schools, shopping and an extensive network of pathways close by. Add central air conditioning and a double attached garage, and this is a home that brings together space, comfort, flexibility and everyday convenience in all the right ways.

408 Rainbow Falls Way, Chestermere

Courtesy of RE/MAX Complete Realty.

$799,900

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.

$775,000

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.

$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.

$799,900

4 Beds ⋅ 3 Baths ⋅ A2332909 MLS® #

Welcome to this beautifully maintained large bungalow where pride of ownership is evident throughout. Backing onto a peaceful scenic stream that leads toward Chestermere Lake, this home offers a rare combination of tranquility, space, and convenience. Featuring 4 bedrooms, over 2,900 sq ft of space between the main floor and basement, and an open-concept layout, the home is filled with natural light and showcases stunning vaulted ceilings, granite countertops, a beautiful wide curved staircase, and spacious living areas perfect for both everyday living and entertaining.The walkout basement adds incredible functionality and connection to the outdoors, while the oversized driveway provides ample parking. The poured concrete backyard creates a low-maintenance outdoor retreat ideal for relaxing, hosting guests, or enjoying the serene surroundings. The south-facing backyard also features a large garden space perfect for growing your own fruits and vegetables while enjoying all-day sunshine.Located in a beautiful setting close to pathways, water, parks, and amenities, this is a rare opportunity to own a truly well-cared-for home in one of Chestermere’s most desirable locations

248 Rainbow Falls Way, Chestermere

Courtesy of The Real Estate District.

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