Southeast Calgary Homes for Sale: $400,000 to $500,000 Price Range (Updated Daily)

For budget-conscious homebuyers looking for great value and quality, Southeast Calgary offers a diverse selection of properties in the $400,000 to $500,000 price range. This price bracket is ideal for first-time buyers, young couples, and small families looking to establish roots in a vibrant and growing community.

Key Highlights of Southeast Calgary Homes for Sale ($400,000 to $500,000):

  • Variety of Home Styles: In this price range, buyers can find a mix of single-family homes, duplexes, and townhouses that are both modern and efficient.

  • Updated Features: Many homes in this bracket have been updated with modern finishes, including stainless steel appliances, hardwood floors, and contemporary bathroom fixtures.

  • Community Amenities: Southeast Calgary is known for its excellent schools, community centers, and abundance of parks and green spaces, making it a desirable location for families.

  • Outdoor Recreation: The proximity to various parks, walking trails, and recreational facilities ensures that residents have plenty of options for outdoor activities.

  • Convenient Access: The area offers convenient access to major roadways and public transit, making it easy to commute to downtown Calgary and other areas.

  • Strong Investment Opportunity: With the continuous growth of the Calgary area, homes in this price range offer strong potential for appreciation, making them a wise investment for the future.

Partner with a Local Real Estate Expert: Diane Richardson, with years of experience in the Southeast Calgary real estate market, provides personalized and knowledgeable assistance to help you find the right home at the right price. Diane’s commitment to her clients ensures a smooth and successful home buying experience.

Contact Diane Richardson:

Discover Affordable Living in Southeast Calgary

Whether you are a first-time homebuyer or looking to downsize, the homes in the $400,000 to $500,000 range in Southeast Calgary offer exceptional value and a community-oriented lifestyle. Contact Diane Richardson today to begin your search for the perfect home in this friendly and dynamic area.

Contact Diane Richardson: 

Get in Touch with Your Questions or to Schedule Viewings via Phone, Email, Contact Form, or Live Chat

Contact Options:

  • Contact Form: Use the form on my website to send me a message directly. Please provide your name, email address, and message, and don't forget to include the property address or MLS® number for the listing you're interested in.

  • Phone Number: Call me directly at 403.397.3706 for any questions or to schedule viewings.

  • Email Address: Send me an email at Diane@Mypadcalgary.com for additional information or questions you may have.

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    This is a great way to get immediate answers to your questions. To ensure a prompt response, please include the property address or MLS® number for the listing you are interested in.

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156 Rainbow Falls Manor
Rainbow Falls Chestermere T1X 0G6

$850,000
Residential beds: 3 baths: 3.0 2,336 sq. ft. built: 2012

Main Photo: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 1: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 2: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 3: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 4: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 5: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 6: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 7: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 8: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 9: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 10: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 11: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 12: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 13: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 14: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 15: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 16: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 17: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 18: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 19: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 20: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 21: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 22: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 23: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 24: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 25: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 26: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 27: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 28: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 29: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 30: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 31: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 32: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 33: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 34: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 35: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 36: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 37: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 38: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 39: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 40: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 41: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 42: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 43: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Photo 44: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2235404
Bedrooms:
3
Bathrooms:
3
Year Built:
2012
Welcome to your dream home in the heart of Rainbow Falls, Chestermere! This stunning 2,336 sq ft property offers a rare opportunity to enjoy peaceful pond-side living with breathtaking west-facing sunsets and direct access to nature. Step inside to discover a spacious and thoughtfully designed layout featuring 3 bedrooms, 2.5 bathrooms, a bonus room upstairs, and an attached double car garage. The bright and airy main level is filled with natural light and showcases expansive pond views. From the main living area, step out onto a spacious deck built for entertaining, where you can host summer barbecues or unwind while overlooking the water. Upstairs, the well-appointed bedrooms provide privacy and space, while the bonus room offers the perfect area for a family room or playroom. The unfinished walkout basement presents endless opportunities to expand your living space—all while enjoying serene pond views. Enjoy a lush, low-maintenance yard with a built-in irrigation system, and stay comfortable year-round with dual furnaces to keep you warm and cozy through the winter months. Located in one of Chestermere’s most desirable communities, this home perfectly balances style, comfort, and natural beauty.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
2,336.03 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,050 sq. ft.
Lot Frontage:
31'
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:
Southwest
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
9
Year built:
2012 (Age: 13)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
0813632
Heating:
Forced Air
Basement:
Full, Unfinished, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room, Main Level
Rainbow Falls
Built-In Oven, Dishwasher, Electric Cooktop, Freezer, Garage Control(s), Microwave, Range Hood, Refrigerator, Washer/Dryer, Window Coverings
N/A
Restrictive Covenant, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Dining Room
15'11" × 8'1"
Main Floor
Foyer
10'6" × 8'1"
Main Floor
Kitchen
15'4" × 11'1"
Main Floor
Laundry
12'1" × 10'10"
Main Floor
Living Room
15'11" × 13'8"
Main Floor
Office
14' × 9'6"
2nd Floor
Bedroom
12' × 9'11"
2nd Floor
Bedroom
11'9" × 10'7"
2nd Floor
Bonus Room
13'9" × 11'7"
2nd Floor
Bedroom - Primary
16'2" × 13'11"
2nd Floor
Walk-In Closet
16'2" × 7'4"
Basement
Other
36'4" × 32'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'11" x 5'
2nd Floor
No
4
6'4" x 9'2"
2nd Floor
Yes
5
16'1" x 10'11"
Title to Land:
Fee Simple
Community Features:
Golf, Lake, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
Bathroom Rough-in
Exterior Features:
Balcony
Patio And Porch Features:
Deck, Front Porch, Patio
Lot Features:
Back Yard, Backs on to Park/Green Space, No Neighbours Behind, Waterfront
Waterfront Features:
Canal Front, Pond, Waterfront
Num. of Parcels:
0
Fencing:
Fenced
Region:
Chestermere
Zoning:
R-1
Listed Date:
Jun 27, 2025
Days on Mkt:
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  • Photo 14: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Foyer
  • Photo 15: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Living Room
  • Photo 16: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Living Room
  • Photo 17: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Living Room
  • Photo 18: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Kitchen
  • Photo 19: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Kitchen/Dining
  • Photo 20: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Dining Area
  • Photo 21: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Kitchen
  • Photo 22: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Kitchen/Dining
  • Photo 23: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Balcony
  • Photo 24: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Office
  • Photo 25: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Powder Room
  • Photo 26: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Laundry/Mudroom
  • Photo 27: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Primary
  • Photo 28: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Primary
  • Photo 29: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Primary Ensuite
  • Photo 30: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Primary Ensuite
  • Photo 31: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Primary Ensuite
  • Photo 32: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Walk in Closet
  • Photo 33: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Bedroom
  • Photo 34: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Upstairs
  • Photo 35: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Bonus Room
  • Photo 36: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Bonus Room
  • Photo 37: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    3 Piece Bath
  • Photo 38: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Bedroom
  • Photo 39: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Unfinished Walk-Out Basement
  • Photo 40: 156 Rainbow Falls Manor: Chestermere Detached for sale : MLS®# A2235404
    Unfinished Walk-Out Basement
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Virtual Tour

Listed by RE/MAX Key
Data was last updated July 16, 2025 at 12:05 PM (UTC)
Area Statistics
Listings on market:
261
Avg list price:
$669,000
Min list price:
$268,800
Max list price:
$4,405,500
Avg days on market:
36
Min days on market:
1
Max days on market:
188
Avg price per sq.ft.:
$365.15
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