4 Days Ago
Highlights
Pet Friendly
Location
199 Queen Mary Dr, Oakville, ON L6K 3K7, CAN|Central Oakville
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Property Overview
Park Terrace I receives an exceptional Zumper Expert Rating of 9.4, highlighting its competitive pricing, outstanding amenities, and prime location. With perfect scores in both price and amenities, the property offers an excellent balance of value and features. Additionally, it caters well to those who work from home, thanks to its quiet environment, included utilities, and high-speed internet, making it a remarkable choice for various lifestyles.
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.
Great for
Work-from-home
Floor plans
| 1 Bedroom | 1 bed | 1 bath | 665 sqft | $1,850 /mo | |||
| 2 Bedroom | 2 bed | 1 bath | 875 sqft | $2,099 /mo |
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Amenities for Park Terrace I
Apartment Amenities
| Balcony | Heat |
| Hot Water | Parquet Floor |
Appliances
| Fridge | Stainless Steel Appliances (Select Suites) |
| Stove |
Tech
| Internet Ready | Ultra Fast Fibre Internet Available |
Building
| Cats OK | Dogs OK |
| Elevator | EV Charging |
| No Smoking Allowed | Onsite Laundry |
Grounds
| Storage | Swimming Pool |
Services
| Canada Post Parcel Lockers | On-Site Management |
Neighborhood
| Public Transit | Schools 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. Unassigned parking.
Contact Property
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12 months |
|---|
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About Park Terrace I
Managed by Homestead Land Holdings
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)
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
ExcellentPark 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.
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:
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Rent trends in Central Oakville
1-bedroom apartments here are priced 5% lower than 1-bedrooms in Central Oakville.
If you decide to upgrade your space, you can expect 2-bedrooms at Park Terrace I to be 9% less than the average for similarly sized apartments in Central Oakville.
Median rents as of Mar 7 2026.
Central Oakville
Oakville
| Month | Median Rent |
|---|---|
| March 2024 | $2,300 |
| April 2024 | $2,300 |
| May 2024 | $2,300 |
| June 2024 | $2,311 |
| July 2024 | $2,297 |
| August 2024 | $2,315 |
| September 2024 | $2,330 |
| October 2024 | $2,273 |
| November 2024 | $2,287 |
| December 2024 | $2,298 |
| January 2025 | $2,265 |
| February 2025 | $2,212 |
| March 2025 | $2,198 |
| April 2025 | $2,194 |
| May 2025 | $2,209 |
| June 2025 | $2,248 |
| July 2025 | $2,212 |
| August 2025 | $2,200 |
| September 2025 | $2,206 |
| October 2025 | $2,210 |
| November 2025 | $2,201 |
| December 2025 | $2,185 |
| January 2026 | $2,154 |
| February 2026 | $2,199 |
| March 2026 | $2,185 |
| Month | Median Rent |
|---|---|
| June 2024 | $2,276 |
| July 2024 | $2,045 |
| August 2024 | $2,137 |
| September 2024 | $2,237 |
| October 2024 | $2,274 |
| November 2024 | $2,279 |
| December 2024 | $2,203 |
| January 2025 | $2,067 |
| February 2025 | $2,035 |
| March 2025 | $2,116 |
| April 2025 | $2,074 |
| May 2025 | $2,071 |
| June 2025 | $2,183 |
| July 2025 | $2,014 |
| August 2025 | $2,052 |
| September 2025 | $2,037 |
| October 2025 | $2,045 |
| November 2025 | $2,006 |
| December 2025 | $1,927 |
| January 2026 | $1,897 |
| February 2026 | $1,919 |
| March 2026 | $1,950 |
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
$74,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $74,000 annually to afford this 1-bedroom monthly rent price of $1,850.
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
Baddie Galore Fashion
77 Lakeshore Rd W
Anthropologie
159 Lakeshore Rd E
Luxfindz
150 Lakeshore Rd E
Running Room
156 Lakeshore Rd E
Ron White Foot Shoppe Inc
162 Lakeshore Rd E
Tim Hortons
49 Lakeshore Rd W
La Strada Fine Espresso MCHNS
103 Brant St
Tribeca Coffee Company
174 Lakeshore Rd E
Starbucks
146 Lakeshore Rd W
Hexagon
210 Lakeshorerde
Moonshine Cafe
137 Kerr St
Colossus Greek Taverna-Oakville
221 Lakeshore Rd E
The Queen's Head
118 Dunn St
Femme Bar
323 Church St
King's Arms
323 Church St
Sweetest Thing
282 Kerr St
Lusitinia Bakery Cafe
314 Kerr St
COBS Bread
167 Lakeshore Rd E
Just An Olde Fashion Butchery Inc
167 Lakeshore Rd E
Black Forest Pastry Shop
184 Lakeshore Rd E
Anderson Street Parkette
Hillmer Park
Westwood Park
Oakville Seniors' Recreation Centre
Busby Park
Agabi Restaurant
234 Kerr St
Pizza Pizza
31A Lakeshore Road We
Moonshine Cafe
137 Kerr St
Kerr Street Cafe
298 Kerr St
Maro's
135 Kerr St
Bond St / Chisholm St
Lakeshore West, Lakeshore West
Forsythe St / Head St
Lakeshore West, Lakeshore West
Chisholm St / Head St
Lakeshore West, Lakeshore West
Bond St / Wilson St
Lakeshore West, Lakeshore West
Rebecca St / Chisholm St
Lakeshore West, Lakeshore West
Oakville
Lakeshore West, Lakeshore West
Bronte
Lakeshore West, Lakeshore West
Clarkson
Lakeshore West, Lakeshore West
Appleby
Lakeshore West, Lakeshore West
Clarkson Go Station Platform 9
University Express, University Express
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