Terrace Heights III is a mid-rise residential building that was completed in 2001. Built by 1261075 Ontario Inc., the building was designed to provide multi-unit housing in the Bathurst Manor neighbourhood. As a mid-rise structure, it offers a balance between density and neighbourhood scale, fitting into the established residential character of the area. The building has maintained its role as a housing option for both renters and owners over more than two decades. Current listings show a mix of single-family and multi-bedroom units, indicating diverse floor plans within the building's footprint.

Terrace Heights III sits in Bathurst Manor, a well-established residential neighbourhood in Toronto. The area is served by good public transit options, with the TTC making it straightforward to reach downtown and other parts of the city. Yonge Street runs nearby, offering shopping, dining, and services within walking distance. The neighbourhood is primarily residential, with tree-lined streets and a quieter feel compared to downtown cores. Bathurst Manor attracts families and professionals who value a stable community with good walkability for daily needs. The location is also convenient to schools and parks that serve the local population.

Prospective buyers and renters should evaluate the building's unit layouts, which vary from single-family configurations to larger multi-bedroom options, with average unit sizes around 600 square feet. Ask about current maintenance fees, property tax assessments, and any recent capital improvements or planned renovations. If renting, current units are averaging $1,850 per month, though pricing varies by unit size and amenities. Review the building's pet policy, parking arrangements, and access to on-site facilities. For buyers, consider the building's age and condition, including the age of major systems like heating, cooling, and plumbing. Visit during different times of day to get a sense of the neighbourhood's activity and parking availability on nearby streets.