West Edmonton Real Estate:
Communtiy of Rio Terrace
Founded in the 1950s, Rio Terrace takes its name from the Spanish word for "river," in reference to its location overlooking along the North Saskatchewan River. Situated in West Edmonton, Rio Terrace is a popular community known for its scenic views and family-friendly atmosphere. Featuring high-end homes and fantastic amenities, Rio Terrace remains one of Edmonton’s most desirable communities.
Rio Terrace Real Estate Statistics
| Average Price | $1.1M |
|---|---|
| Lowest Price | $700K |
| Highest Price | $1.4M |
| Total Listings | 2 |
| Avg. Price/SQFT | $443 |
Community statistics are calculated by Real Estate Webmasters and are for illustration purposes only, accuracy is not guaranteed.
Property Types (active listings)
Homes for sale in Rio Terrace
- All Listings
- $600,000 - $700,000
- Over $1,000,000
Rio Terrace Homes: Styles & Pricing
The majority of homes in Rio Terrace were built in the 1960s, comprising around 500 single-family residences of various styles, from modern infill homes to traditional bungalows and split-level houses. The average home in Rio Terrace boasts four bedrooms, three bathrooms, and approximately 2,000 square feet of renovated living space, complemented by double attached or detached garages and generously sized lots adorned with mature trees and well-groomed landscaping.
In Rio Terrace, each property showcases distinctive features, making them anything but typical. The neighbourhood's prime river-side position lends to higher home prices compared to the city average, resulting in a competitive real estate market for potential buyers.
Rio Terrace Amenities & Schools
Beyond the neighbourhood's borders lie a plethora of amenities easily accessible to Rio Terrace's residents. Within a short 10-minute drive, homeowners can reach the Meadowlark Health and Shopping Centre as well as the renowned West Edmonton Mall, a premier shopping destination housing over 800 stores and services. Along 170th and 178th streets, residents can find an array of big-box retailers, services, and dining options to fulfill their needs. Additionally, convenient access to the Terra Losa Shopping Centre, Mayfield Common, and the Misericordia Hospital add to the neighbourhood's appeal.
Nature enthusiasts appreciate Rio Terrace's proximity to the river valley park and pathway system, along with nearby green spaces like Callingwood Park, Whitemud Park, and Buena Vista Park, providing ample opportunities for outdoor activities and leisure. The community itself offers a host of recreational amenities, including tennis courts, a skating rink, playground, and spray park, along with activities organized by the Rio Terrace Community League.
Rio Terrace is home to two schools: Rio Terrace Public Elementary School and the Westend Community Playschool. Additionally, families can choose from schools in the nearby neighbourhoods of Patricia Heights, Lynnwood, and more.
Rio Terrace Location & Commute
For commuters, Rio Terrace offers convenient access to major roads like Whitemud Drive, West Anthony Henday, and 170th Street, providing easy connections to Yellowhead Trail and other parts of the city. Public transit options are also available along 156th Street, enhancing accessibility for residents.
Conclusion
Overall, Rio Terrace stands out as a desirable neighbourhood in West Edmonton, offering a perfect blend of natural beauty, high-end homes, and a close-knit community atmosphere. With its unique real estate opportunities, stunning river valley views, and proximity to a wide range of amenities, Rio Terrace presents an ideal setting for families looking to settle in a beautiful West Edmonton neighbourhood.
Common Issues That Lower Your Home Appraisal | Edmonton Real Estate
Common Issues That Can Lower a Home Appraisal in Edmonton, Alberta Whether you're a homeowner looking to sell or a real estate investor aiming to maximize your property's value, understanding the factors that can negatively impact a home appraisal is crucial. In Edmonton, Alberta, several common issues could…
Discover Other West Edmonton Homes For Sale