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385 Rainbow Falls Drive

385 Rainbow Falls Drive, Chestermere, AB T1X 0A7

385 Rainbow Falls Drive is a condo building in the Rainbow Falls area of Chestermere, Alberta. It was built in 2006.

Rainbow Falls
Year Built
2006
Building Type
Townhouse/rowhouse condo

Market Overview

Avg Sold Price
$429,000
Median Sold
$429,000
Price Range
$429,000 – $429,000
Avg $/SqFt
$302.703
Sales (2yr)
1
Avg Days on Market
36

Last sale: Apr 4, 2025

Condo Fees

Avg Monthly Fee
$442.9
Median Fee
$442.9
Avg $/SqFt
$0.313
Units w/ Fee Data
1

Building Features

ExteriorWood Frame
AmenitiesOther
Building TypeTownhouse/rowhouse condo
Year Built2006

Policies

Pet PolicyPets allowed

Known Issues & Notes

Repairs/Projects

New hot water tank installed within last year; new luxury vinyl plank flooring and fresh paint on both levels

About This Building

This townhouse-style condo community in Rainbow Falls, Chestermere, was built in 2006 and features detached double garages and alley access for each unit. The complex backs onto scenic green space with a pond and pathway. Recent sales have averaged around $429,000, with monthly condo fees averaging roughly $443. Individual units typically offer over 1,400 square feet across two storeys, with walkout basements and modern updates including new flooring and mechanical systems. Before firming up an offer, buyers should have a professional review the reserve fund study, financial statements, board minutes, bylaws, and insurance documents to understand the community's financial health and any upcoming major repairs.

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