About Terrace Park
Welcome to Terrace Park, a well-established townhouse community nestled in the heart of Walnut Grove, one of Langley's most sought-after family-friendly neighbourhoods. Built in 1997, this intimate wood-frame complex of 30 homes offers residents the perfect blend of suburban tranquility and everyday convenience. Located at 20875 88th Avenue, Terrace Park sits just minutes from Walnut Grove Town Centre, where you'll find grocery stores, restaurants, banks, and everyday retail. Families will appreciate the proximity to top-rated schools, Walnut Grove Community Park, and the scenic Fort-to-Fort Trail along the Fraser River. Commuters benefit from easy access to Highway 1 and Golden Ears Way, connecting you seamlessly to Surrey, Maple Ridge, and beyond. These spacious townhomes feature private outdoor spaces and attached garages, making them ideal for growing families, first-time buyers, and downsizers alike. With strong community pride and a well-managed strata, Terrace Park represents outstanding value in the Langley real estate market.
Amenities
School Catchment
Investor Insights — Townhouses in Walnut Grove
Estimated rental yields based on MLS data for townhouses in Walnut Grove.
| Type | Beds | Avg Rent | Avg Sale | Strata | Net Yield |
|---|---|---|---|---|---|
| House | 3 | $3,225/mo | $1,214,977 | — | 2.7% |
Net yield accounts for strata fees, property tax, and insurance. View full analysis
1 active listing in Terrace Park
21 20875 88 AVENUE
1 home has sold in Terrace Park
Find out what your home here could sell for in today's market.
Neighbourhood
Age
- Under 1517%
- 15 to 6459.7%
- 65 and over23.3%
Household size
- 1 person26.7%
- 236.3%
- 313.4%
- 417.6%
- 5 or more6.1%
Language spoken at home
74.1% English mother tongue
Mother tongue, share of 3,180 residents.
How this pocket differs
- notably fewer 5+ person households than Walnut Grove 6.1% vs 10.3%
- more people living alone than Walnut Grove 26.7% vs 20.4%
- fewer Mandarin speakers than Walnut Grove 3.5% vs 4.9%
- more Korean speakers than Walnut Grove 4.6% vs 3.6%
- Median dwelling value is notably lower than Metro Vancouver $660,000 vs $1,050,000
Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.
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