RAINBOW FALLS

183 Rainbow Falls Drive , Chestermere, AB

$448,000

Residential · MLS® A2318949

3Bedrooms

4Bathrooms

1,408Sq Ft

2Garage

2007Year Built

02 / Overview

PROPERTY OVERVIEW

OPEN HOUSE SUNDAY JUNE 21, 2026 1PM-3PM. Welcome Home to the Brownstones of Rainbow Falls. Just 5 minutes to the Beach and Across the street from Our Lady of Wisdom school and Lake Ridge community Church. This recently Painted & updated Home features 2 Large bedrooms upstairs, each with their own 4 piece master ensuites. The main floor hosts a Large living area, a dining area, a 2 piece bath, a functional kitchen with Island complete with new Quartz...

03 / Details

PROPERTY DETAILS

Property TypeResidential

Building TypeFive Plus

Total Finished Area1,408 sq ft

ZoningR-3

HeatingForced Air • Natural Gas

CoolingNone

ParkingAlley Access • Double Garage Detached

ExteriorPrivate Entrance • Rain Gutters

BasementFull

Year Built2007

04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$140After mortgage & expenses

Cap Rate4.8%Based on market rents

Cash on Cash Return1.9%With 20% down payment

Est. Monthly Rent$2,614Based 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 Lee Serridge · REMAX Innovations