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Real Estate in Grayling Terrace, Fort McMurray

Grayling Terrace is a natural fit for families who want genuine neighbourhood feel without sacrificing convenience.

Active listings

2

Median list price

$439,900

Avg list price

$439,900

Homes for Sale in Grayling Terrace, Fort McMurray

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Buying in Grayling Terrace

Who fits here

Grayling Terrace is a natural fit for families who want genuine neighbourhood feel without sacrificing convenience. Tucked into the Hangingstone River Valley just across from downtown Fort McMurray and within walking distance of Keyano College, this is a community of single-family homes and duplexes where there is no cut-through traffic — residents come here to live, not to pass through. Homes were built from the 1970s through to the present day, which means you get a mix of mature lots with established trees alongside more recently updated properties. The neighbourhood runs alongside a creek corridor with green spaces, a playground, and a spray park, so kids have room to roam without needing a car. Buyers typically include young families moving up from an apartment or condo who want a yard and a driveway, as well as energy-sector professionals who want a short commute to downtown services and quick access to Highway 63 for site days. Grayling Terrace tends to attract buyers who value quiet, tree-lined streets and a strong sense of community over the newer, larger subdivisions further north. If you want to put down roots in Fort McMurray at a price point that still leaves room in the budget, this neighbourhood consistently punches above its weight.

Current market in the neighbourhood

Homes in Grayling Terrace are currently listed at an average of $439,900, with a median list price of $439,900. Over the past 12 months, properties sold in the neighbourhood at an average of — a sale-to-list ratio, which signals a realistic pricing environment. Properties typically spend days on market before going firm. The price range for active listings runs from, reflecting the mix of original-build bungalows and more recently renovated homes. At an average of per square foot, Grayling Terrace remains one of Fort McMurray''s more attainable ownership options relative to newer master-planned communities to the north.

Commute and lifestyle

Grayling Terrace sits at the base of Abasand Hill, just south of the Clearwater River bridge, placing residents within minutes of downtown Fort McMurray''s shops, restaurants, and services. The neighbourhood has direct access to Highway 63, which is the main arterial for commuters heading to oil sands operations north of the city — a significant advantage for shift workers who need predictable travel times. RMWB transit routes serve the area, and Keyano College is close enough to reach on foot or by bike, making car-optional living genuinely practical for students and downtown workers. Within the neighbourhood, the Hangingstone River greenway provides a natural trail corridor for walking, jogging, and fishing through the seasons. A community spray park and playground make summer afternoons easy to fill without driving anywhere. École Boréal, the region''s French-language pre-K to Grade 12 school, is located nearby on Abasand Drive, and both Fort McMurray Public School Division and Fort McMurray Catholic School Division operate schools accessible from this part of the city. The result is a neighbourhood that works efficiently for busy families: short commutes in every direction, nature right outside the door, and the full range of urban amenities within a five-minute drive.

Long-term context

Grayling Terrace has historically traded at a significant discount to Fort McMurray''s overall average — in some periods more than 40% below the city-wide benchmark — which reflects its older housing stock rather than any deficit in location quality. That gap creates a clear entry-point opportunity: buyers get a well-situated neighbourhood with a mature streetscape and direct downtown access at a price that leaves room for renovation upside. Fort McMurray''s broader market is supported by the region''s oil sands economy, which employs tens of thousands and underpins consistent housing demand. The 2025 RMWB municipal census recorded a population of 107,740 with an 11% increase in permanently settled residents since 2021, a signal that more people are choosing long-term commitment to the region over transient work camps. Infrastructure investment continues through the municipality, including fibre optic expansion into Grayling Terrace itself. For buyers with a multi-year horizon, purchasing in an established neighbourhood at a discount to the city average has historically been a sound strategy in Fort McMurray''s commodity-linked market.

About Grayling Terrace

Overview

Grayling Terrace is a quiet, exclusively residential neighbourhood in Fort McMurray known for its peaceful, secluded atmosphere. Nestled in the Hangingstone River Valley, the community offers a tranquil escape from the city while maintaining close proximity to downtown amenities. With an average home selling price, it remains an attractive mid-range option for homebuyers seeking a strong sense of community.

Location

Situated at the base of Abasand Hill alongside the scenic Hangingstone River, Grayling Terrace boasts an incredibly convenient location. It is positioned directly adjacent to Highway 63, providing rapid access to the rest of Fort McMurray, and sits just across the highway from the downtown core.

Housing character

The housing landscape in Grayling Terrace is dominated by single-family detached homes and duplexes, many featuring front driveways and attached garages. Originally developed in the 1970s, these properties often sit on generously sized, tree-lined lots that reflect pride of ownership. The neighbourhood currently sees an average of 2 active listings, with properties spending an average of on the market.

Schools

Because Grayling Terrace is a small, exclusively residential enclave, there are no schools located directly within its boundaries. Students living in the neighbourhood are conveniently bussed to public and Catholic schools in nearby communities. Older students are also within walking distance to Keyano College and Fort McMurray Composite High School, located just across the highway.

Transit

Public transit routes do not run directly through the quiet streets of Grayling Terrace, which helps eliminate through-traffic and noise. However, residents have easy access to transit via nearby bus stops located in Abasand, downtown Fort McMurray, the nearby Syncrude Sport and Wellness Centre.

Shopping and dining

To preserve its tranquil residential character, Grayling Terrace does not host any commercial retail or dining establishments within the neighbourhood. Fortunately, all essential services, grocery stores, and diverse dining options are just a minutes-long drive away in downtown Fort McMurray or the neighbouring community of Abasand.

Parks and recreation

Nature lovers thrive in Grayling Terrace thanks to its location along the Hangingstone River, where residents can go fishing, rafting, or exploring the surrounding woodland trails. Within the community, families can enjoy a local spray park, playground, and lush green spaces. For indoor activities, the Syncrude Sport and Wellness Centre is located just a short distance away.

Lifestyle

Life in Grayling Terrace offers the best of both worlds: a highly walkable, outdoorsy lifestyle with the conveniences of city living right next door. The lack of through-traffic fosters a private, close-knit environment where residents often spot local wildlife along the creek. With a sale-to-list ratio, it is evident that homes in this serene community are highly sought after by those wanting a quiet woodland retreat.

See recent sold prices in Grayling Terrace, Fort McMurray

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Frequently Asked Questions

Grayling Terrace is a residential-only neighbourhood made up almost entirely of single-family homes and duplexes, most with front driveways and attached garages. Homes range from original bungalows built in the 1970s through to more recently updated properties, giving buyers a choice between move-in-ready renovations and value-add opportunities.

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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.

Mortgage values are calculated by hômm and are provided for estimate purposes only.

The hômm Estimate is calculated by instantestimate.house and is provided as a general estimate only.

Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®).

Listing information last updated on June 24, 2026 at 5:00 am (America/Edmonton)