Welcome to elevated lake living in the highly sought after community of Rainbow Falls in Chestermere Lake. Perfectly positioned backing onto the canal and green space, this exceptional Douglas Homes built residence offers the ultimate blend of luxury, functionality, and lifestyle. Launch your paddleboard from your backyard and be on Chestermere Lake within minutes, all while enjoying unobstructed views, southern exposure, and no rear neighbours.
Offering over 3,441 sq. ft. of professionally developed living space, this stunning walkout home features 5 bedrooms, 4.5 bathrooms, a custom developed south facing walkout basement, and a triple attached garage, all situated on a generous 5,495 sq. ft. lot.
Meticulously maintained and extensively upgraded, the property boasts more than $140,000 IN PREMIUM ENHANCEMENTS, including a professionally developed basement featuring engineered hardwood flooring, custom solid oak doors, a custom built Irish pub style bar, and additional soundproofing insulation -2016 ($40,000); custom wine cellar -2021 ($21,000); motorized blinds throughout the home -2022 ($25,000); motorized privacy screens on the lower patio -2022 ($20,000); retractable balcony awnings with built-in wind sensors -2020 ($11,000); central air conditioning -2022 ($9,000); irrigation system servicing the lawn, garden boxes, and balcony planters -2025 ($4,000); new upper-level flooring -2024 ($3,500); new hot water tank -2023 ($2,613); fresh paint throughout key living areas and the primary bedroom -2025 ($2,500); and balcony privacy glass panels -2024 ($2,500).
The thoughtfully designed floor plan combines elegant finishes with practical family living, while the south facing walkout basement and expansive outdoor spaces create the perfect setting for entertaining or relaxing while taking in the tranquil canal views.
Located just steps from walking and biking pathways, Chestermere Lake, schools, shopping, restaurants, coffee shops, and everyday amenities, this is a rare opportunity to own one of Rainbow Falls' most desirable canalfront-inspired properties.
Book your private showing today.
Based on information submitted to Pillar 9 as of June 5, 2026 8:11 AM EDT. All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.