Browse MLS® listings in Terrace, a Medicine Hat neighbourhood.
Active listings
8
Median list price
$694,900
Avg list price
$612,050
Showing 8 of 8 active MLS® listings
$243,500
19 Terrace View Northeast, Medicine Hat
Single Level Apartment · 1 bed · 1 bath · 757 sqft
$243,500
19 Terrace View NE, Medicine Hat
Single Level Apartment · 1 bed · 1 bath · 757 sqft
$639,900
6 Palisades Way Northeast, Medicine Hat
Duplex · 2 bed · 4 bath · 1,726 sqft
$639,900
6 Palisades Way NE, Medicine Hat
2 Storey,Attached-Side by Side · 2 bed · 4 bath · 1,726 sqft
$749,900
24 Palisades Mews Northeast, Medicine Hat
Duplex · 1 bed · 2 bath · 1,295 sqft
$749,900
24 Palisades Mews NE, Medicine Hat
Attached-Side by Side,Bungalow · 1 bed · 2 bath · 1,295 sqft
$814,900
34 Palisades Way Northeast, Medicine Hat
Duplex · 1 bed · 2 bath · 1,154 sqft
$814,900
34 Palisades Way NE, Medicine Hat
Attached-Side by Side,Bungalow · 1 bed · 2 bath · 1,154 sqft
Terrace is a peaceful, sought-after residential neighbourhood in Medicine Hat. Known for its picturesque surroundings and family-friendly atmosphere, the community offers a tranquil suburban lifestyle with 8 properties currently on the market, keeping residents close to modern city amenities.
Situated in the northeast quadrant of the city, Terrace is perched on the escarpment directly above the Ranchlands neighbourhood. This elevated positioning provides many properties with stunning, unobstructed views of the South Saskatchewan River valley and the striking Medicine Hat cliffs.
Development in Terrace began in the early 2000s, resulting in a streetscape of well-maintained, contemporary homes. The market is dominated by detached single-family houses, though there are also walkout bungalows, townhomes, and mid-rise condominiums. Positioned in the mid-range to premium tiers, the neighbourhood sees an average sold price, with homes typically seeing on the market.
Families in the area are served by the Medicine Hat Public School Division and local Catholic schools. Nearby educational options include Dr. Ken Sauer School and Webster Niblock School for early years, while older students typically attend Crescent Heights High School, all located within a short drive.
While Terrace is primarily a car-dependent suburban community, residents have access to Medicine Hat Transit. Local bus routes operate along the main thoroughfares of the adjacent Northeast Crescent Heights and Ranchlands areas, providing standard connections to commercial hubs and the downtown core.
As a strictly residential enclave, Terrace offers a quiet atmosphere free from heavy commercial traffic. For everyday needs, residents are only a short drive from the Crescent Heights commercial district, which features grocery stores, pharmacies, local restaurants, and cafes.
The neighbourhood boasts exceptional access to the outdoors, seamlessly connecting to Medicine Hat's vast municipal trail system. Residents regularly enjoy walking and jogging along the scenic cliff-side paths, and are just minutes from Police Point Park, the Medicine Hat Golf and Country Club, and the extensive facilities at the Family Leisure Centre.
Life in Terrace is defined by quiet comfort and active outdoor living. The community primarily attracts families, professionals, and retirees who value a safe, low-traffic environment, spectacular natural vistas, and quick access to some of the city's best recreational amenities.
See recent sold prices in Terrace, Medicine Hat
Browse MLS® sold prices to understand the market before you buy.
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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 April 25, 2026 at 8:00 pm (America/Edmonton)