Active
RAINBOW FALLS
292 Rainbow Falls Drive , Chestermere, AB
$489,983
Residential · MLS® A22912423Bedrooms
4Bathrooms
1,296Sq Ft
2Garage
2007Year Built
02 / Overview
PROPERTY OVERVIEW
Welcome to this beautifully maintained END-UNIT townhouse offering over 1,800 sq ft of developed living space, including a fully finished walk-out basement. With 1,300+ sq ft above grade plus approximately 600 sq ft in the basement, this home is perfect for families, first-time buyers, or investors, combining comfort, functionality, and an excellent location.
The bright open-concept main floor with 9-foot ceilings features a spacious living and dining area filled with natural light. The living room faces the park and fountain and...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeFive Plus
Total Finished Area1,296 sq ft
ZoningR-3 – Residential Multi-U
HeatingENERGY STAR Qualified Equipment • Natural Gas
CoolingNone
ParkingDouble Garage Detached • Garage Door Opener • Garage Faces Rear
ExteriorBalcony
BasementFull
Year Built2007
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow-$223After mortgage & expenses
Cap Rate3.9%Based on market rents
Cash on Cash Return-2.7%With 20% down payment
Est. Monthly Rent$2,418Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
RAINBOW FALLS
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Investment ScoreN/A
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Listed by Bhupinder Gill · Ko Realty Ltd.