Welcome to this meticulously crafted walkout bungalow in the heart of Rainbow Falls, Chestermere. Professionally measured at 1,897 sq ft on the main floor (RMS), this custom home sits on a mature and oversized 0.2-acre lot, surrounded by the community’s signature waterfalls, pathways, green spaces, and top-rated schools.

With unmatched curb appeal, the property features a full triple garage that is heated, insulated, and drywalled, including a 12-foot-high RV bay door with 26 feet of interior depth — ideal for oversized vehicles, toys, or workshop needs. The professionally designed exterior is a true showpiece, with tall, established trees, sculpted bushes, and a golf-course-quality lawn, enhanced by decorative rockwork with liner that surrounds the trees, bushes, and finishes both side yards. Every inch of the property, front to back, reflects no-expense-spared care and lasting pride of ownership.

Step inside and you’ll immediately notice the superior craftsmanship. The home is loaded with custom millwork — including oversized baseboards, casings, solid wood cabinetry, and built-in features — adding warmth and character throughout. The main floor offers soaring ceilings, elegant wall niches, and a smart, spacious layout. A dedicated front office/den sits just off the entry, ideal for working from home or as a quiet retreat.

The open-concept living and dining space is anchored by a cozy gas fireplace and seamlessly connected to the chef’s kitchen. The kitchen features solid wood cabinets, high-end appliances including a built-in wall oven and microwave, a separate cooktop, a large granite island, and a custom inlay tile backsplash that sets the tone for the home’s upscale finishes.

The primary suite offers generous proportions, with space for a king bed and seating area. The attached 5-piece ensuite includes dual vanities, a tiled shower, a deep soaker tub, and private water closet, offering a spa-like experience at home. A half bath is conveniently located for guests, and the mudroom includes a separate second shower — perfect for rinsing off after work, lake days, or gardening. A main floor laundry room completes the upper level with functionality in mind.

The walkout basement is currently undeveloped but offers incredible potential. With rough-ins for in-floor heating, it's a blank canvas ready to accommodate three more large bedrooms, a home theatre, gym, full suite, or entertainment space — the possibilities are endless.

Mechanically, the home is in excellent condition with numerous updates, including a new high-efficiency furnace installed in April 2025, central air conditioning, and 220V power in the garage — ideal for EV charging or heavy-duty tools. The lot, layout, and orientation also allow for the addition of a hot tub, firepit area, or other backyard features without compromise.

Located on a quiet, tree-lined street in one of Chestermere’s most desirable communities, 136 Magenta Crescent offers luxury, flexibility, and long-term value in a rare walkout bungalow format. Whether you're relaxing indoors, entertaining outside, or enjoying nearby amenities, this is a home that checks every box — and then some.