Pending
RAINBOW FALLS
494 Rainbow Falls Drive , Chestermere, AB
$499,900
Residential · MLS® A22952553Bedrooms
3Bathrooms
1,832Sq Ft
2Garage
2012Year Built
02 / Overview
PROPERTY OVERVIEW
One of the largest Brownstones and NO CONDO FEES. This home has been beautifully cared for and the pride of ownership shines through. The open-concept main floor is flooded with natural light and showcases high-end finishes, clean lines, and a thoughtfully designed layout ideal for both everyday living and entertaining. Upstairs, you’ll find a generous primary retreat complete with a private ensuite, along with two additional well-sized bedrooms and a full bath.
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeFive Plus
Total Finished Area1,832 sq ft
Lot Size2,950 sq ft
ZoningR-3
HeatingForced Air • Natural Gas
CoolingCentral Air
ParkingDouble Garage Detached
ExteriorNone
BasementFull
Year Built2012
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow+$1,015After mortgage & expenses
Cap Rate6.9%Based on market rents
Cash on Cash Return12.2%With 20% down payment
Est. Monthly Rent$3,356Based 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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Active ListingsN/A
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Listed by Gerry MacDonald · CMS Real Estate Ltd.