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.
Data was last updated August 25, 2026 at 04:05 PM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$564,900
Min list price:
$324,900
Max list price:
$999,900
Avg days on market:
46
Min days on market:
4
Max days on market:
128
Avg price per sq.ft.:
$304.81
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.