Rainbow Falls is a townhouse condominium community in Chestermere's Rainbow Falls neighbourhood, built in 2009. These brick and wood-frame rowhouses offer approximately 1,400 to 2,100 square feet across three levels, with double detached garages and most units featuring finished walk-out basements. Recent sales have averaged around $444,000, with monthly condo fees averaging roughly $443. Many units face the scenic park with its waterfall feature and are located near schools and Chestermere Lake. Before committing to purchase, retain a qualified professional to review the condo's reserve fund study, financial statements, board minutes, bylaws, and insurance documents.