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OFFER:

$1000 Off Your First Month's Rent! Rent one of our select suites and receive a $1000 Move-In Bonus! *Select suites only. Based on availability. Errors & omissions excepted. Not valid with any other offer or promotion. Subject to change without notice. Discount applies to the base rent of the suite only and does not apply to any additional items or services such as pa

modified
15 Hours Ago

Highlights

  • Rent Special
  • Pet Friendly

Location

199 Queen Mary Dr, Oakville, ON L6K 3K7, CAN|Central Oakville
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Contact

pmc-logo

Management

Homestead Land Holdings

Leasing office

(289) 270-6583

Property Overview

Park Terrace I earns a strong Zumper Expert Rating of 9.4, supported by top marks for price and amenities, plus excellent scores for location, quality, and trustworthiness. It is noted for outdoor spaces, a quiet environment, utilities included in rent, and high-speed internet, making it appealing for renters who value convenience, comfort, and a solid overall value.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

9.4
Excellent
Park Terrace I is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.

Great for

  • Pet owners
  • Work-from-home

Floor plans

1 Bedroom1 bed1 bath665 sqft$2,100 /mo1 unit available
2 Bedroom2 bed1 bath875 sqft$2,225 /mo
3 Bedroom3 bed2 bath1,085 sqft$2,600 /mo

Let's explore this property.

Amenities for Park Terrace I

Apartment Amenities

BalconyHeat
Hot WaterParquet Floor

Appliances

FridgeStainless Steel Appliances (Select Suites)
Stove

Tech

Internet ReadyUltra Fast Fibre Internet Available

Building

Cats OKDogs OK
ElevatorEV Charging
No Smoking AllowedOnsite Laundry

Grounds

StorageSwimming Pool

Services

Canada Post Parcel LockersOn-Site Management

Neighborhood

Public TransitSchools Nearby

Other

Pre-Authorized Payment Options
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Deposit

One-time.

Contact Property

OPTIONAL FEES

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Parking Policy

Surface Lot

Surface Lot

Parking Fee

Monthly. 2 surface lots max.

Contact Property

Questions about this property’s policies and fees?

Building details

Property details

Lease terms12 months
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About Park Terrace I

Managed by Homestead Land Holdings
HomeApartments in OakvilleCentral Oakville Park Terrace I

$1000 Off Your First Month's Rent! Rent one of our select suites and receive a $1000 Move-In Bonus! *Select suites only. Based on availability. Errors & omissions excepted. Not valid with any other offer or promotion. Subject to change without notice. Discount applies to the base rent of the suite only and does not apply to any additional items or services such as parking, storage, etc. Offer valid for new applicants only. Transfers and current residents are not eligible. Welcome to Park Terrace Apartments, located at 199 Queen Mary Drive in the heart of Oakville. This well-maintained residential building offers a variety of suites to suit your needs, including bachelor, 1, 2, and 3 bedroom apartments, making it a perfect choice for individuals, couples, and families alike. Each suite at Park Terrace Apartments is designed with comfort and convenience in mind. You'll enjoy spacious living areas with large windows that let in plenty of natural light, creating a bright and welcoming atmosphere. Many suites come fully renovated, with modern appliances, lighting, cabinetry, and more. The building also offers a range of amenities for residents to enjoy. There is an outdoor pool to cool off in during the hot summer months. There is a laundry room on-site, so you can take care of your laundry needs without having to leave the building. The building is also equipped with an elevator for easy access to all floors. Park Terrace Apartments is conveniently located near a variety of amenities and services. Within walking distance along Kerr Street, you'll find grocery stores, restaurants, cafes, and shops, making it easy to meet all your daily needs. The nearby parks and green spaces provide opportunities for outdoor recreation and leisurely strolls. The property overlooks Sixteen Mile Creek. The building is also close to public transportation, making it easy to commute or travel to other parts of Oakville and beyond. With its prime location and a range of suite options, Park Terrace Apartments is an ideal place to call home in Oakville. Don't miss the opportunity to experience comfortable and convenient living at 199 Queen Mary Drive. The Park Terrace Community also includes three walk-up properties, located at 187, 189, and 191 Queen Mary Drive. These properties feature spacious bachelor, one, and two bedroom suites and provide an excellent option for those looking for a different experience to living in a high-rise building. - Elevators - On-site staff - Outdoor pool - Laundry facilities - Storage lockers - Fridge - Stove - Balconies - Parquet Floors - Pre-Authorized Payment Options - Pet Friendly - Cable ready - Public transit - Parks nearby - Schools nearby - Internet ready - No Smoking allowed - Online Payment Available - Ultra Fast Fibre Internet Available - Electric Vehicle Charging Station - Canada Post Parcel Lockers - Stainless Steel Appliances (Select Suites)


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Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.4
/10
Excellent
Park Terrace I is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.
How we rated Park Terrace I
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Park Terrace I offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Park Terrace I stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Park Terrace I is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Park Terrace I has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Park Terrace I is great for:

Pet owners

  • Outdoor spaces are available at this property

Work-from-home

  • High speed internet is an amenity
  • Utilities included in the rent
  • Quiet environment with little noise pollution

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Rent trends in Central Oakville

1-bedroom apartments here are priced 2% higher than 1-bedrooms in Central Oakville.

If you decide to upgrade your space, you can expect 2-bedrooms at Park Terrace I to be 1% more than the average for similarly sized apartments in Central Oakville.

Median rents as of Jun 20 2026.
Central Oakville
Oakville
A table of studio rental data trends in Oakville
MonthMedian Rent
September 2024$1,835
February 2025$1,850
March 2025$1,850
July 2025$1,699
September 2025$1,795
February 2026$1,850
March 2026$1,737
April 2026$1,659
May 2026$1,700
June 2026$1,695
A table of studio rental data trends in Central Oakville
MonthMedian Rent
April 2026$1,599
June 2026$1,599

Affordability calculator

Can I afford to live at 199 Queen Mary Dr?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$84,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $84,000 annually to afford this 1-bedroom monthly rent price of $2,100.
For more information on rent affordability, visit our rent calculator.
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Internet available near Park Terrace I

Neighborhood

Central Oakville | Oakville, ON

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Oakville near 199 Queen Mary Dr

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

8/10
This area is close to freeways and has adequate parking options.

Cycling

4/10
This is semi-bikeable, but you’ll need another way of getting around.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 199 Queen Mary Dr, Oakville

Groceries

8/10
At least one grocery store within a 15-minute walk

Shopping

7/10
Variety of shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

6/10
Some restaurants within walking distance

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

7/10
At least one high school within a 20-minute walk

Parks

9/10
Large amount of park space nearby

Nightlife

3/10
Few or no bars within walking distance

Explore the area around 199 Queen Mary Dr

Nostalgia Latin Market
391 Kerr St
Fortinos
173 Lakeshore Rd W
Oakville Meat Market
441 Kerr St
Food Basics
530 Kerr St
Whole Foods Market
301 Cornwall Rd

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