Book a strategy call

Edmonton Neighbourhood Profile

Terrace Heights

Terrace Heights is an Edmonton neighbourhood of about 650 homes — 83.7% houses and 16.3% condos, most homes built around 1959. The typical (median) house is assessed at $411,750, 8% below the citywide median (173rd of 277 neighbourhoods); condos around $103,750. Across its established houses — largely the same properties over time — the median assessed value changed +17% from 2012 to 2025. 45% of homes are owner-occupied, median household income is $65,500, and 3 public schools are designated for it. Figures throughout are City assessed values — directional and comparative, not exact sale prices ("typical" means the median).

Total homes

650

83.7% houses · 16.3% condos

Typical house

$411,750

8% below citywide · 173rd of 277

Typical condo

$103,750

45% below citywide

House $/sq ft

$350

$3,767/m² · 15% above citywide

Condo $/sq ft

$145

$1,561/m² · 24% below citywide

Typical lot

6,103 ft²

567 m² · 14% above citywide

Typical age

1959

median house build year

Where it is

At a glance.Terrace Heights's location and boundary, with schools marked — green areas are parks and open space.

Map of Terrace Heights, Edmonton — neighbourhood boundary, 1 school, parks and surrounding streets.
Neighbourhood boundary outlined in sand; schools pinned in teal. Schools shown are those inside the boundary, plus designated schools that fall inside this view. Map data © Mapbox © OpenStreetMap.

The homes

What's built here — the housing stock, its age, and the condo & rental supply.

What's here

Mostly houses. 83.7% houses (freehold) · 16.3% condos (condominium-titled).

Houses 83.7% Condos 16.3%
Building types in detail
Detached43%
Semi-detached2%
Apartment in a duplex10%
Apartment (low-rise)23%
Apartment (high-rise)21%

Bedrooms — homes here by bedroom count:

Studio (no bedroom)1%
1 bedroom26%
2 bedrooms24%
3 bedrooms23%
4+ bedrooms26%

8% of homes needed major repairs in 2021, as assessed by their own residents.

Building-type, bedroom and condition figures from the 2021 federal census.

When it was built

Most homes here were built before 1960. The median build year is 1959.

Full age breakdown
pre-1960275
1960s209
1970s19
1980s8
1990s4
2000s5
2010s8
2020s4

Condos & multi-family

5 condo developments here — about 106 condo dwellings, plus 18 purpose-built rental / multi-family buildings.

How condos & rentals are counted

5 condo developments, the largest around 24 units — about 106 condo dwellings in total. Separately-titled parking and storage stalls aren't counted as homes.

18 rental / multi-family buildings, typically built around 19713 small (under $1M), 12 mid ($1–10M), 3 large (over $10M). Purpose-built rentals (assessed as a single parcel each), separate from the owned homes counted above. Unit counts aren't in the open data.

Living here

The people and the day-to-day — who lives here, and the schools, shops, parks and transit around them.

Who lives here

An even owner / renter mix. Median household income $65,500.

Resident snapshot from the 2021 federal census.

Median household income

$65,500

30% earn $100k+

Homeowners

45%

55% rent

Bachelor's degree or higher

27%

of residents 15+

Commute to work

72%

drive · 12% transit · 11% walk/bike

Median age 43.6; 46% of households are people living alone; 47% lived at a different address five years earlier.

Residents by age

Median age 43.6.

0–1413%
15–249%
25–4429%
45–6428%
65+20%
Household income spread
Under $50k31%
$50k–$100k35%
$100k–$150k15%
$150k–$200k8%
$200k+6%

6% of households reported $200k or more; 31% under $50k.

Government transfers made up 20% of residents' 2020 income (including 6.6% pandemic supports — 2020 was a COVID income year); 10.9% of residents were below the low-income measure (LIM-AT).

Household total income, 2020, from the 2021 federal census (income shares and low-income prevalence as reported). Statistics Canada rounds and suppresses small counts, so shares may not sum exactly to 100.

Households & families
Couples with kids at home17%
Couples without kids at home15%
One-parent families11%
Living alone46%
Other shared households11%

Average household size 2; families with kids at home average 1.5 children.

What residents do for work

Occupation groups (share of the labour force):

Sales & service26%
Trades, transport & equipment operators17%
Education, law, social & government16%
Business, finance & administration14%
Health9%
Natural & applied sciences6%
Manufacturing & utilities6%
Art, culture, recreation & sport5%
Natural resources & agriculture1%

Industries residents work in (top 10; the rest combined):

Health care & social assistance15%
Retail trade14%
Construction10%
Educational services10%
Manufacturing7%
Accommodation & food services7%
Professional, scientific & technical6%
Public administration6%
Transportation & warehousing4%
Other services4%
All other sectors combined16%

Unemployment rate in the census reference week (May 2021): 12.2% — a pandemic-period snapshot.

How long people stay

21% of residents had moved within the previous year; 47% lived at a different address five years earlier.

Counts every change of address — moves within Terrace Heights, into it, owners and renters alike.

Housing costs & affordability

A household earning the local median income would put about 16% of it toward typical owner shelter costs here — or 20% toward the typical rent.

Typical owner shelter cost

$860/mo

44.4% of owners hold a mortgage

Typical rent

$1,100/mo

median tenant shelter cost

Affordability in detail

Households spending 30% or more of their own income on their own shelter — the standard affordability-stress measure: 14.4% of owner households · 37.2% of renter households. (Different from the headline above, which compares the median cost against the median income — a typical-household what-if, not a count of stretched households.)

In core housing need (unaffordable, unsuitable or inadequate, with no affordable local alternative): 3.3% of owners · 26.6% of renters.

Owners' own estimate of their home's value (2021): $400,000 median — self-reported, so it can differ from the assessed medians above.

Owner costs reflect current owners — including long-time, mortgage-free ones — not the cost to buy in today. The income-share figures compare 2020 median household income with shelter costs reported in 2021.

Schools

3 designated public schools. Edmonton Public catchment for Terrace Heights: Forest Heights, Hardisty and McNally.

All schools, levels & catchment notes

Designated public schools (Edmonton Public Schools catchment for Terrace Heights):

Catchments are set by the school board and can change — and the City's published catchment data can lag new schools and boundary updates — so confirm the current designated school with Edmonton Public Schools before relying on it.

Schools located in Terrace Heights:

Independent / private schools aren't in the City's open data, so they aren't listed here. School-quality ratings are published separately by the Fraser Institute (not affiliated with this site).

Shopping & amenities

About 104 businesses in Terrace Heights, employing roughly 732 people.

Business mix & how this is counted

From the City's business census (2025 survey).

The mix of what's here, from currently-licensed businesses:

Food & dining19
Shops & retail18
Personal & health services23
Recreation & fitness1
Professional & office17
Trades, auto & industrial19
Other3
Everyday amenities Other businesses

Counts come from City of Edmonton business licences and the City's business census — a licence means a business is registered at an address here, not a guarantee it's open today , and includes home-based businesses (about 28% of licences here). Landlord rental licences are excluded, and a listing isn't an endorsement.

Parks & green space

2 parks (8.9 hectares) and 1 playground in Terrace Heights — includes a natural area.

Parks

2

8.9 hectares total

Playgrounds

1

Green-space types & notes

Types of green space:

  • Natural area1
  • School & community park1

Counts come from the City of Edmonton's parks and playgrounds open data. A park is attributed to the neighbourhood its centre point falls in, so a large park or greenway that spans several areas is counted once — treat boundaries as approximate. Trail corridors appear here as greenways; off-street bike routes aren't included.

Transit & connectivity

No LRT line in Terrace Heights today. The nearest station is Strathearn (Valley Line Southeast), about 2.0 km away (straight-line). The neighbourhood is served by 4 bus routes.

Looking ahead, the nearest future stop is MacEwan Arts / 112 Street on the Valley Line West, about 5.0 km from the centre — under construction, targeted to open later this decade. Timelines can slip, and a nearby line doesn't imply any change in property values.

Nearest LRT

2.0 km

to Strathearn

Bus routes

4

serving the area

Future LRT

5.0 km

MacEwan Arts / 112 Street · under construction

Bus routes & notes

4 bus routes serve Terrace Heights: 1, 1B, 411 and 635. They run from 11 boardable stops inside the neighbourhood.

No route here meets the frequent-service bar (≈ 15-minute weekday headway).

Bus routes and frequency come from the City's ETS GTFS schedule — the routes whose trips call at stops inside Terrace Heights, with “frequent” meaning at least 100 weekday trips through the neighbourhood (about a bus every 15 minutes or better, counting both directions). Distances are straight-line (“as the crow flies”) from the neighbourhood centre — the actual walking or driving route is longer. Future stations are under construction; their locations and timelines come from City of Edmonton project pages and can change. Day-to-day commute mode (drive / transit / walk) is shown under “Who lives here.” Source: City of Edmonton LRT & ETS (GTFS) Open Data.

The market

Assessed value over time, and recent building activity.

Assessed value over time

Median assessed value changed +17% from 2012 to 2025.

That tracks Terrace Heights's houses — largely the same homes throughout — so it's a real value change, not a shifting mix.

$351,500 $413,000 2012201620212025

Building activity

Since 2015: 227 building permits, about 79 net new homes, and 27 secondary-suite permits.

Of those new units, roughly 30% are individually-owned (houses + condos), 70% purpose-built rental, and 0% in mixed-use buildings.

Owned Purpose-built rental

Split by building type (a strong proxy, not a guarantee of final tenure).

Permits year by year

Permits count every new home built — including purpose-built rental apartments and mixed-use buildings — so this can run well above the "total homes" figure above, which counts only individually-owned houses and condos.

Source

City of Edmonton Open Data — assessment, property info, building permits; Statistics Canada 2021 Census of Population (City of Edmonton neighbourhood tabulation). Contains information licensed under the Open Government Licence – City of Edmonton.

About these figures. They use the City of Edmonton's annual property assessment — its mass-appraisal estimate of value as of July 1 the prior year, informed by that year's sales but applied across the whole roll at once. That makes it a reliable directional and comparative signal (ideal for "how does this neighbourhood compare"), but not the exact price a specific home would sell for today — for that you need a comparative market analysis. Resident demographics and housing-cost figures (income and its distribution, age, education, commute, tenure, household types, shelter costs, occupations and industries, mobility) and the building-type, bedroom and condition mix are from the 2021 federal census — the most recent neighbourhood-level vintage; the City notes it fell during the pandemic, so treat these figures as directional. Census figures are adapted from Statistics Canada, 2021 Census of Population; this does not constitute an endorsement by Statistics Canada. Trevor Tardif is a licensed REALTOR® with REAL Broker AB Ltd, Edmonton, Alberta. Content on this site does not constitute financial or investment advice.

What's your Terrace Heights home actually worth?

Assessed value is a starting point, not a sale price. I'll run a real comparative market analysis on your specific home and walk you through the number.

Book a strategy call