Terrace Heights III, 906 Sheppard Ave W: A 72-Suite Bathurst Manor Mid-Rise

Terrace Heights III is the kind of building most people drive past on Sheppard Avenue West without noticing, and that is part of its appeal. It is a 7-storey, 72-suite mid-rise from 2001 with mid-sized suites, parking in the fee and a rooftop deck, in a neighbourhood that changes slowly. It suits a buyer who wants a small building, not a tower. I’m Jatin Dua, RE/MAX Quantum Realty.

Small building, small numbers

Seventy-two suites over seven storeys works out to about ten suites a floor. That is the scale I like for owner-occupiers. You get to know your neighbours, the elevator lobby is rarely crowded, and a resale here competes with only a handful of other listings at any one time.

The flip side is the budget. Fixed costs such as the elevator, the roof, the garage and the front entrance are shared among only 72 owners, so each major repair lands harder on each suite than it would in a 400-suite tower. A healthy reserve fund matters more in a building this size, not less.

The name tells you this is part of a series. Terrace Heights II is at 555 Wilson Heights Boulevard, a short distance away. They are separate buildings at separate addresses, so compare them as distinct properties with their own fees, budgets and rules.

Suites: mid-sized, and no tiny ones

Suites here run from about 736 to 1,041 square feet. The smallest suite in the building is larger than many new one-bedrooms, and there are none of the 400-square-foot units that fill so many newer towers.

That narrow range also makes pricing easier. When suites are similar in size, recent sales are good comparables for one another, and it is harder for a seller to argue that their suite is unlike anything else in the building.

Ask about original finishes. A 25-year-old suite that has never been updated will need a kitchen, bathrooms and flooring at some point, and the price should reflect that. Updated suites in a small building tend to stand out, because there are so few of them on the market at once.

What the fee covers

Condos.ca lists the fee as covering common elements, building insurance, parking and water. Heat, hydro and air conditioning are not listed, so expect to pay those yourself and ask the seller for a year of utility bills before you firm up.

Parking in the fee is worth noting. In many newer buildings parking is a separate purchase with its own monthly charge, so this fee is not directly comparable to a new building’s. Condos.ca also lists visitor parking and an underground garage, which helps when family comes over.

Only one suite was listed for sale in October 2026, so I will not quote its asking price or fee here. One listing is not a market. The sales panel on this page and the status certificate are the places to judge whether the fee is in line.

Bathurst Manor and Sheppard West

Bathurst Manor is a post-war suburb, built mostly between 1954 and the early 1960s on a plateau bounded by Finch Avenue West, Dufferin Street, the west branch of the Don River and Sheppard Avenue West. It has long been one of the Jewish communities along the Bathurst corridor, and today its population is more mixed.

Most of the housing in Bathurst Manor is detached houses from the 1950s and 1960s, so condo options inside the neighbourhood are limited. For long-time residents who want to stay near family and the community they know, a small mid-rise on Sheppard is one of the few ways to downsize without leaving the area.

The change that shaped this location came in 1996, when the TTC opened Sheppard West station at Allen Road and Sheppard Avenue. Terrace Heights III was completed five years later on the same avenue. The data panel on this page shows the walk to the station, the bus routes and the schools.

Day to day, Sheppard Avenue West is a busy road. Ask which way a suite faces and visit at rush hour; for many buyers, an outlook away from the avenue is worth paying a little more for.

What $795 a square foot means here

Condos.ca puts the building average at about $795 a square foot. That is higher than Crystal Towers near Bathurst and Lawrence at about $635, and close to The Lawrence Park Condominiums on Yonge at about $800. Part of the reason is the suite mix: a building with no very large suites does not have big units pulling its per-square-foot average down.

On a suite of about 900 square feet, the average works out to roughly $715,000. Use that as a sense-check, not a price. Condition, floor, exposure and parking make more difference in a building this small than the average does.

With a single listing for sale in October 2026 and none for rent, there is no asking range to quote. That is normal for a 72-suite building. If you want in, set up an alert and have your financing ready so you can move when the right suite appears.

When you compare with newer buildings along Sheppard or the Allen, add the cost of parking back into their numbers. A newer suite that looks cheaper per square foot can end up close to this one once a parking space is bought and its monthly charge is added.

Building specifications

Amenities at Terrace Heights III

The amenity package is modest: a rooftop deck, a party room, a meeting room and visitor parking. There is no gym or pool to maintain, which keeps the budget simpler, and the rooftop deck is the one shared space most owners will actually use.

Jatin’s honest take on Terrace Heights III

Terrace Heights III — frequently asked questions

Looking at York Mills, Don Mills, Lawrence Park, Bathurst Manor and midtown-north Toronto more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.