Affordable Downtown Calgary Condos for Sale: Browse Our Selection from $150,000 to $300,000

Looking for an affordable condo in the heart of Downtown Calgary? Look no further! Our selection of entry-level condos offers a variety of affordable options for first-time buyers or those looking for a more budget-friendly option. These condos may be smaller units in older buildings or farther from the city center, but they still offer the perfect opportunity to experience all that Downtown Calgary has to offer. With prices starting as low as $150,000 - $300,000, our entry-level condos are the perfect way to make your dream of living in Downtown Calgary a reality. Contact me Diane Richardson today at 403.397.3706 or email to schedule a viewing and find your perfect entry-level condo in the heart of the city

Live Your Best Life in Downtown Calgary: Find Affordable Entry-Level Condos for Sale Now!

Downtown Calgary Condos for sale from $150,000 to $300,000 can also vary in price depending on factors such as location, Downtown Calgary real estate (map search) and all Downtown Calgary real estate listings, size, and condition of the property.
Entry-level condos: These are typically the most affordable condos in the area, and can include smaller units in older buildings or those that are farther from the city center. Prices for entry-level condos in Downtown Calgary can start around $150,000 - $300,000.
Mid-range condos: These are typically larger units, with more bedrooms and bathrooms, and can include newer buildings with more amenities. Prices for mid-range condos in Downtown Calgary Condos for sale can range from around $300,000 - $500,000.
Luxury condos: These are the most expensive condos in the area and can include large units in newer buildings with high-end finishes and amenities, such as concierge service, gym and pool. Prices for luxury condos in Downtown Calgary can start around $500,000 and go up to several millions.
Townhomes: These are attached homes that are typically two or three stories tall. They are often a more affordable option than single-family homes and offer a lower maintenance lifestyle.
Entry-level homes: These are typically the most affordable homes in the area, and can include smaller condos, townhouses and single-family homes. Prices for entry-level homes in Downtown Calgary can start around $200,000 - $400,000.

I am alway here to answer your question, whether you are looking to sell your Downtown Calgary home or purchase a home in Downtown Calgary. You can reach Diane Richardson by email or call or text me at 403.397.3706  With so many wonderful properties up for grabs here in Inner City Calgary, Alberta, anybody would be lucky enough to call one their own.

CONTACT DIANE RICHARDSON

When any Downtown Calgary Real Estate Listings looks interesting and you’d like a closer look please email, text or call and I’ll arrange your private viewing, at your convenience. You can reach me by phone or text at 403-397-3706 and email. Please be sure to include the property address or MLS® number for the listing you are interested in.

Take advantage of our proven marketing systems to list your home for sale in Calgary or contact me today to arrange a private showing of any property you see here on mypadcalgary.com.

If you're considering buying a condo in Downtown Calgary, here are some important things to keep in mind

  1. Location: Downtown Calgary is a vibrant and dynamic area with a wide range of condos available. Before you start your search, it's important to decide what area of downtown you want to live in, as this can have a big impact on the price, amenities, and overall experience of living in a condo.

  2. Amenities: Downtown Calgary condos often come with a range of amenities, including fitness centers, swimming pools, concierge services, and more. Consider what amenities are important to you when choosing a condo.

  3. Maintenance fees: Condos typically come with monthly maintenance fees, which cover the cost of building maintenance, landscaping, and other shared expenses. Make sure you understand what these fees are and what they cover before you make an offer on a condo.

  4. Rules and regulations: Condos also come with a set of rules and regulations that govern things like noise levels, pets, and common areas. Make sure you read and understand these rules before you buy a condo.

  5. Resale value: While buying a condo can be a great investment, it's important to consider the resale value of the property. Look at recent sales in the area to get an idea of how quickly condos are selling and for what price

    As an experienced real estate agent in Downtown Calgary, I can help guide you through the process of buying a condo and ensure you find the perfect property to meet your needs and budget. Contact Diane today to schedule a consultation and start your search for the perfect Downtown Calgary condo.

Forgot password Extend Verify Contact

392 Rainbow Falls Way
Rainbow Falls Chestermere T1X 1S6

$899,900
Residential beds: 4 baths: 4.0 2,286 sq. ft. built: 2004

Main Photo: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 1: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 2: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 3: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 4: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 5: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 6: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 7: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 8: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 9: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 10: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 11: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 12: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 13: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 14: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 15: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 16: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 17: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 18: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 19: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 20: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 21: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 22: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 23: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 24: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 25: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 26: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 27: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 28: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 29: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 30: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 31: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 32: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 33: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 34: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 35: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 36: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 37: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 38: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 39: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 40: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 41: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 42: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 43: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 44: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 45: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 46: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 47: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 48: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 49: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Photo 50: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2293151
Bedrooms:
4
Bathrooms:
4
Year Built:
2004
Luxury canal-front living with a private backyard resort in Rainbow Falls. Tucked away on a quiet street and backing directly onto the scenic canal pathways, this beautifully maintained original-owner home offers a lifestyle that is rarely available in Chestermere. The south-facing backyard is a true retreat, featuring a low maintenance, heated outdoor pool (16x30) with a hard locking safety cover, hot tub, expansive patio, sunroom, fenced dog run, and large side yard — all perfectly positioned to take in the peaceful canal views. A private gate provides direct access to the pathway system and the lake just a short walk away. Inside, the home welcomes you with a large entrance and bright front office, ideal for working from home. The open concept main floor is designed for entertaining with a spacious living room, gas fireplace, and a stunning kitchen featuring quartz countertops, a large gathering island, gas stove, walk-through pantry, and a dining area overlooking the pool and canal. Upstairs, the impressive vaulted bonus room with oversized windows creates a perfect family gathering space. The primary retreat is truly special, with corner windows capturing beautiful canal views, a walk-in closet, and a spa-inspired 5-piece ensuite. Two additional bedrooms complete the upper level. The fully finished basement provides additional living space with a fourth bedroom, full 4pce bath and a flexible workshop/office area. For car lovers or hobbyists, the heated quad attached garage (tandem bay) includes 240V wiring, hot and cold water sink with a dedicated hobby space. Extensive upgrades include triple-pane windows, Hunter Douglas blinds with room-darkening shades, air conditioning, Hardy board siding, Class 4 impact resistant shingles, commercial 6" eaves, Gemstone Lights and fresh paint throughout the entire home. This is a rare opportunity to own a canal-front home with a private pool and resort-style backyard in one of Chestermere’s most sought-after communities.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
No
Num Legal Suites:
0
Num Illegal Suites:
0
Home Style:
2 Storey
Total Living Area:
2,286.48 sq. ft.
Main Level Finished Area:
1,078.84 sq. ft.
Below Grade Finished Area:
985.64 sq. ft.
Acreage:
No
Lot Area:
6,002 sq. ft.
Lot Frontage:
29'6"
Front Exposure:
North
Levels:
Two
Total Rooms Above Grade:
9
Year built:
2004 (Age: 22)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
0030297261
Heating:
Forced Air
Basement:
Full, Finished, None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Composite Siding, Stone, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Vinyl Plank
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas, Living Room
Garage:
Yes
Garage Spaces:
4
Parking:
220 Volt Wiring, Garage Door Opener, Heated Garage, Insulated, Quad or More Attached, Tandem, Workshop in Garage
Parking Places:
6
Parking Total/Covered:
6 / -
Laundry Features:
Main Level
Rainbow Falls
Central Air Conditioner, Dishwasher, ENERGY STAR Qualified Dishwasher, Gas Stove, Microwave Hood Fan, Refrigerator, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
13' × 6'1"
Main Floor
Kitchen
14'1" × 12'7"
Main Floor
Living Room
20'6" × 14'
Main Floor
Mud Room
7'11" × 6'5"
Main Floor
Den
12'4" × 10'10"
Main Floor
Sunroom/Solarium
17'5" × 11'3"
Upper Level
Bedroom
12'5" × 11'11"
Upper Level
Bedroom
10'10" × 9'9"
Upper Level
Bonus Room
21'8" × 15'1"
Upper Level
Bedroom - Primary
17'9" × 12'4"
Lower Level
Bedroom
13'4" × 11'5"
Lower Level
Game Room
20'1" × 18'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'11" x 4'10"
Main Floor
No
4
8'3" x 5'
Upper Level
Yes
5
14'8" x 8'11"
Lower Level
No
4
4'11" x 11'5"
Title to Land:
Fee Simple
Community Features:
Fishing, Golf, Lake, Park, Playground, Pond, Schools Nearby, Sidewalks, Walking/Bike Paths
Interior Features:
Breakfast Bar, Ceiling Fan(s), Central Vacuum, Double Vanity, Kitchen Island, No Smoking Home, Pantry, Quartz Counters, Wired for Sound
Exterior Features:
Dog Run, Other, Private Yard
Patio And Porch Features:
Deck, Enclosed, Screened
Lot Features:
Backs on to Park/Green Space, No Back Lane, No Neighbours Behind, Pie Shaped Lot, Private, Reverse Pie Shaped Lot, See Remarks, Underground Sprinklers, Views
Num. of Parcels:
0
Fencing:
Fenced
Region:
Chestermere
Zoning:
R1
Listed Date:
Mar 13, 2026
  • Photo 1: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 1 of 50
  • Photo 2: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Gemstone Lights
  • Photo 3: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 3 of 50
  • Photo 4: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Large Side Yard
  • Photo 5: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 5 of 50
  • Photo 6: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 6 of 50
  • Photo 7: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 7 of 50
  • Photo 8: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Yes, there is a pool under the snow!
  • Photo 9: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    16x30 Inground Pool
  • Photo 10: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 10 of 50
  • Photo 11: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 11 of 50
  • Photo 12: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 12 of 50
  • Photo 13: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 13 of 50
  • Photo 14: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 14 of 50
  • Photo 15: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Large Entrance
  • Photo 16: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 16 of 50
  • Photo 17: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 17 of 50
  • Photo 18: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 18 of 50
  • Photo 19: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 19 of 50
  • Photo 20: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 20 of 50
  • Photo 21: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 21 of 50
  • Photo 22: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 22 of 50
  • Photo 23: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Bright Open Kitchen
  • Photo 24: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 24 of 50
  • Photo 25: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 25 of 50
  • Photo 26: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 26 of 50
  • Photo 27: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Gas Stove
  • Photo 28: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 28 of 50
  • Photo 29: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Lots of Room for A Dining Table
  • Photo 30: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Amazing South Facing Sunroom
  • Photo 31: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 31 of 50
  • Photo 32: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Walk-Through Pantry
  • Photo 33: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    2pce Washroom on Main Floor
  • Photo 34: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Main Floor Office
  • Photo 35: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Main Floor Office
  • Photo 36: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    BONUS Room - AMAZING Space!!
  • Photo 37: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Bright, Open Bonus Room
  • Photo 38: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 38 of 50
  • Photo 39: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Huge Primary Bedroom with loads of Natural Light
  • Photo 40: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 40 of 50
  • Photo 41: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Ensuite with Dual Sinks, Corner Tub and Separate Shower Area
  • Photo 42: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 42 of 50
  • Photo 43: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 43 of 50
  • Photo 44: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Bed #2
  • Photo 45: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Bed #3
  • Photo 46: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Shared Upper Washroom
  • Photo 47: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Finished Basement Rec Area
  • Photo 48: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Bed #4 in Basement with Large Window
  • Photo 49: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Full 4-pce basement Washroom
  • Photo 50: 392 Rainbow Falls Way in Chestermere: Rainbow Falls Detached for sale : MLS®# A2293151
    Photo 50 of 50

Virtual Tour

Virtual Tour

Listed by RE/MAX Key
Data was last updated April 13, 2026 at 12:05 AM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$669,900
Min list price:
$349,000
Max list price:
$899,900
Avg days on market:
26
Min days on market:
3
Max days on market:
187
Avg price per sq.ft.:
$312.1
These statistics are generated based on the current listing's property type and located in Rainbow Falls. Average values are derived using median calculations. This data is not produced by the MLS® system.
DIANE RICHARDSON
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.