Find Your Affordable Dream in Chaparral: Homes Under $500,000 (Updated Daily)

Searching for a comfortable and stylish home in a desirable community without breaking the bank? Look no further than Chaparral, Calgary! Our website is meticulously updated daily with the newest listings for Homes Under $500,000 in Chaparral, ensuring you discover the perfect property to match your budget and lifestyle.

Embrace Affordability in a Sought-After Community:

  • Chaparral Charm: Enjoy the perks of living in a well-established community with a strong sense of community, parks, and easy access to amenities.
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  • Variety of Options: Explore a range of options including bungalows, townhouses, or attached homes, with enough space for a growing family or a comfortable lifestyle.
  • Potential for Investment: Affordable homes in Chaparral often see strong appreciation, making them a smart investment for the future.
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Ready to find an affordable home in a vibrant and established community? Contact Diane Richardson today for a personalized consultation.

Call Diane Richardson at 403.397.3706 or email her to discuss your requirements and schedule an appointment.

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There are several ways to contact Diane Richardson:

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  2. Phone number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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NEXT Open House details
Oct 04, 2025 12:00 PM - 02:00 PM MDT

157 Rainbow Falls Boulevard
Rainbow Falls Chestermere T1X 0N6

$599,999
Residential beds: 3 baths: 4.0 1,829 sq. ft. built: 2011

Main Photo: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 1: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 2: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 3: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 4: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 5: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 6: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 7: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 8: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 9: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 10: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 11: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 12: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 13: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 14: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 15: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 16: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 17: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 18: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 19: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 20: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 21: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 22: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 23: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 24: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 25: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 26: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 27: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 28: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 29: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 30: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 31: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 32: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 33: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 34: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 35: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 36: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 37: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 38: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 39: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Photo 40: 157 Rainbow Falls Boulevard: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2254670
Open House - Oct 04, 2025
12:00 PM - 02:00 PM MDT
NOTES: Open House on Saturday, October 4, 2025 12:00PM - 2:00PM
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2254670
Bedrooms:
3
Bathrooms:
4
Year Built:
2011
2 Primary Bedrooms | Finished Basement | Backs onto Green Space | Central Air. Welcome to this gorgeous front-drive semi-detached home in the highly desirable community of Rainbow Falls, Chestermere. Combining timeless design with modern upgrades, this property offers an exceptional layout and unbeatable location—perfect for families, professionals, or anyone looking to enjoy a vibrant community with city convenience. The main floor impresses with soaring ceilings and an open-concept design that creates a bright, airy atmosphere. A spacious living room with a cozy fireplace sets the stage for relaxation, while the dining area easily accommodates family meals and gatherings. The upgraded kitchen features stainless steel appliances, sleek cabinetry, and plenty of counter space, making it a chef’s delight. A convenient 2-piece bathroom completes the main level. Upstairs, you’ll find two generously sized primary suites, each with its own 4pc private ensuite—ideal for multi-generational living, guests, or roommates. A large bonus area adds flexibility, whether you need a family room, home office, or entertainment space. The fully finished basement extends your living space with a versatile den, additional bedroom, recreation room, 3pc bathroom, and storage. It’s a perfect retreat for teens, guests, or hobby enthusiasts. Step outside to enjoy the private, fully fenced backyard featuring a spacious deck that’s perfect for summer barbecues and outdoor relaxation. Backing directly onto green space, this home offers both privacy and a peaceful natural view—an ideal setting for everyday living. With fantastic curb appeal, central air conditioning, an attached front-drive garage, and proximity to two excellent schools, No Frills, parks, and Chestermere Lake, this property delivers the lifestyle you’ve been searching for. Don’t miss your chance to call this Rainbow Falls beauty your next home. Book your private showing today!
Property Type:
Residential
Property Sub Type:
Semi Detached (Half Duplex)
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey, Attached-Side by Side
Total Living Area:
1,829 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3,484 sq. ft.
Lot Frontage:
33'4"
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Front Exposure:
East
Reg. Size:
Reg. Size Includes:
Entry Level:
1
Levels:
Two
End Unit:
1 Common Wall
Total Rooms Above Grade:
7
Year built:
2011 (Age: 14)
Bedrooms:
3 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
1112257
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Vinyl Siding, Wood Frame
Structure Type:
Duplex
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas
Garage:
Yes
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room, Upper Level
Rainbow Falls
Central Air Conditioner, Dishwasher, Dryer, Electric Range, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer, Window Coverings
none
None Known
Floor
Type
Size
Other
Main Floor
Foyer
7'10" × 7'7"
Main Floor
Living Room
15'4" × 14'11"
Main Floor
Kitchen
14'11" × 11'3"
Main Floor
Dining Room
11'2" × 8'
Main Floor
Mud Room
5'2" × 4'11"
Upper Level
Bonus Room
13'11" × 13'3"
Upper Level
Bedroom - Primary
15'9" × 13'
Upper Level
Walk-In Closet
10'7" × 5'9"
Upper Level
Bedroom - Primary
15'3" × 12'5"
Upper Level
Walk-In Closet
6'11" × 5'9"
Basement
Bedroom
12'4" × 12'
Basement
Game Room
22'7" × 16'
Basement
Den
7'2" × 6'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'2" x 4'11"
Upper Level
Yes
4
8'2" x 8'10"
Upper Level
Yes
4
8'3" x 5'9"
Basement
No
3
5'1" x 9'5"
Title to Land:
Fee Simple
Community Features:
Lake, Park, Playground, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Ceiling Fan(s), High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Storage
Exterior Features:
Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Backs on to Park/Green Space, Front Yard, Landscaped, Level, No Neighbours Behind, Private, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Chestermere
Zoning:
R-2
Listed Date:
Sep 05, 2025
Days on Mkt:
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Virtual Tour

Listed by Century 21 Bravo Realty
Data was last updated October 2, 2025 at 02:05 AM (UTC)
Area Statistics
Listings on market:
267
Avg list price:
$694,900
Min list price:
$249,900
Max list price:
$4,405,500
Avg days on market:
44
Min days on market:
1
Max days on market:
223
Avg price per sq.ft.:
$354.17
These statistics are generated based on the current listing's property type and located in Chestermere. Average values are derived using median calculations. This data is not produced by the MLS® system.
Diane Richardson 403.397.3706
Cell: 403-397-3706
CIR Realty
703 64 Ave SE #130
Calgary AB T2H 2C3 CA