Welcome to 292 Rainbow Creek Drive! A spacious 5-Bedroom Bi-Level in Prime Timberlea Location awaits. This well-maintained 5-bedroom bi-level home, ideally located in the heart of Timberlea along a main route, offers convenient access to site and city bus stops just steps from the front yard, with schools within easy walking distance.
The upper level features 2 bedrooms, including a primary suite with a private balcony and a 4-piece Jack & Jill bathroom. You’ll also find a bright and spacious kitchen with updated stainless steel appliances and a large walk-in pantry, a formal dining room, an eat-up breakfast area, and multiple living spaces—perfect for entertaining family and guests.
The fully developed basement includes 3 generously sized bedrooms, a rec room that can be used for the basement or closed off for the upstairs, a 3-piece bathroom, and a small kitchenette equipped with a stovetop, microwave, and sink—ideal for extended family, a nanny or potential rental income. The basement also features in-floor heating for added comfort. There is laundry hookup in the utility room.
Outside, the backyard offers ample parking space accommodating 3–6 vehicles or even RV parking. The front yard is fully fenced along the sides, creating a secure and low-maintenance dog run complete with artificial turf.
Additional highlights include central air conditioning and recent interior painting.
This versatile property is perfect for families, investors, or anyone looking for extra space and income potential.
Data was last updated June 23, 2026 at 04:05 AM (UTC)
Area Statistics
Listings on market:
116
Avg list price:
$393,700
Min list price:
$119,900
Max list price:
$920,000
Avg days on market:
31
Min days on market:
1
Max days on market:
181
Avg price per sq.ft.:
$286.42
These statistics are generated based on the current listing's property type
and located in
Timberlea. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
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.