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$367,000

2, 111 Rainbow Falls Gate

Rainbow Falls, Chestermere · MLS® A2338372

232

1,529 sq ft · Townhouse · Single Family · built 2016 · 54 days on market

listed by Laetitia Ulrich, Real Broker

realtor's description

WOW! Check out this TWO bed, TWO and a half bath, front drive townhome with sunny unobstructed south views. Once you enter the main floor, you are greeted with a massive mud room which leads you to your ATTACHED DOUBLE car garage. The main floor also boats a versatile den which could be used as a third bedroom, an office, home gym, studio; whatever you see fit. The first thing you notice when you enter your new second floor home is that you have a wide open floor plan. With a half bathroom, closet, pantry, centre kitchen, and quartz countertop island with touch faucet - you will have plenty of cupboards and counter space to cook up a storm. The central area of your new home accommodates a gigantic living room to one side and a dining area to the next - perfect for hosting friends and family gatherings. Straight ahead of your living room you will find your private balcony where you can BBQ up a storm. Continuing on to the upper level you will find not one, but TWO primary bedrooms, each with its own 4-piece bathroom and walk in closets big enough to sleep in. For your convenience and piece of mind, you have brand new carpet with upgraded underlay and a fresh coat of paint throughout. You also have in-suite laundry on the upper level, additional under stair storage and brand new shingles on the roof and hardy board shakes. How amazing is that? The location is perfect too - just an 11-minute drive to Stoney Trail, a 7-minute drive to Glenmore, walking or biking distance to several restaurants, pubs, shopping, Calgary transit bus, parks, playgrounds, and schools! There are plenty of visitor parking stalls as well as on street parking right out your front door. You will be hard pressed to find a 2+1 bedroom, 2.5 bath townhome THIS spacious and THIS convenient for THIS price anywhere in the city so come and have a look today!

property details

type: Townhouse, Single Family
bedrooms: 2
bathrooms: 3
living area: 1,529 sq ft
parking: 2
year built: 2016
property tax: $2,652 / yr
strata fee: $395 / mo ($0.26 / sq ft)
strata rules: Pets Allowed, Pets Allowed With Restrictions
days on market: 54
MLS®: A2338372

features

Back lane
No Smoking Home
Parking
Golf Course Development
Lake Privileges
Pets Allowed

monthly cost

$2,215/mo

Mortgage $1,599 · Tax $221 · Strata $395

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$1,599/ monthly

loan $293,600

25-year amortization

down payment20% · $73,40020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $186,095
land title fees: $765; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $74,165; down + land title fees
total paid: $479,695

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

if you rented it out

rent: $1,840/mo
after all costs: −$698/mo
cap rate: 2.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,599 · tax $221 · strata $395 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Calgary: CMHC's average there ($1,908) lowered by what new tenants pay against everyone in the Calgary area. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca

location

Rainbow Falls, ChestermereGoogle Maps ↗

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2, 111 Rainbow Falls Gate

1 / 40

$367,000

2, 111 Rainbow Falls Gate

Rainbow Falls, Chestermere · MLS® A2338372

232

1,529 sq ft · Townhouse · Single Family · built 2016 · 54 days on market

listed by Laetitia Ulrich, Real Broker

realtor's description

property details

type: Townhouse, Single Family
bedrooms: 2
bathrooms: 3
living area: 1,529 sq ft
parking: 2
year built: 2016
property tax: $2,652 / yr
strata fee: $395 / mo ($0.26 / sq ft)
strata rules: Pets Allowed, Pets Allowed With Restrictions
days on market: 54
MLS®: A2338372

features

Back lane
No Smoking Home
Parking
Golf Course Development
Lake Privileges
Pets Allowed

property tax

about $2,269 a year

The asking price times Chestermere's 2026 residential rate of 6.18 per $1,000 (municipal and education).

The listing shows $2,652 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.

monthly cost

$2,215/mo

Mortgage $1,599 · Tax $221 · Strata $395

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$1,599/ monthly

loan $293,600

25-year amortization

total interest: $186,095
land title fees: $765; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $74,165; down + land title fees
total paid: $479,695

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.