Terrace Heights Real Estate Statistics

Average Price $523K
Lowest Price $12K
Highest Price $30M
Total Listings 8,753
Avg. Price/SQFT $328

Community statistics are calculated by Real Estate Webmasters and are for illustration purposes only, accuracy is not guaranteed.

Property Types (active listings)

Listings in Terrace Heights Edmonton

Terrace Heights is situated on property that was recognized as part of River Lots 31 and 33 in the Edmonton Settlement's initial river lot and township surveys, as well as a quarter section of property owned by D.McLeod. McLeod, a Hudson Bay Company employee turned saw mill proprietor, was the first to establish a regular weekly stage coach service between Edmonton and Calgary in 1883. In 1912, the first subdivision plan for the region was registered. The neighborhood grew slowly since it was more than 3 kilometers from Edmonton's center, until it was annexed in two stages by the City of Edmonton in 1954 and 1959. River Lots 31 and 33, north of 101 Avenue, were created after the annexation in 1954 and the south of 101 Avenue was constructed starting in 1959. Terrace Heights is divided among two low-density residential districts by a high-density residential and business corridor that runs parallel to 101 Avenue. Major retail and employment centers, such as the adjacent Capilano Mall, are within walking distance of the neighborhood. The Capilano Ravine, which flows through the community on the northeast side, is located near the northern residential area. It takes its name from a tiny 1912 subdivision of the same name that was built in the area and it was given its official name when the city rebuilt it in the 1950s.