Updated 5+ Days Ago
Location
240 Island Hwy W, Parksville, BC V9P 1N5, CAN
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Property Overview
Ocean Terrace Apartments earns a strong overall impression with an 8.8 rating, driven by excellent value, standout amenities, and a highly convenient location. It also offers plenty of photos for a clearer preview, and its nearby public transit and walkable setting make it appealing for renters who prioritize getting around easily.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Images Available
Great for
Eco living
Floor plans
| 1 Bedroom 1 Bathroom | 1 bed | 1 bath | 761 sqft | $2,000 /mo | 1 unit available |
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Amenities for Ocean Terrace Apartments
Apartment Amenities
| Air Conditioning | Close Proximity To Ocean |
| Resident Storage |
Building
| Elevator | EV Charging |
| Non-Smoking | Resident Lounge |
| Residents Lounge |
Grounds
| Garage Parking | Storage |
Other
| New Development |
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
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Garage Lot
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12 months |
|---|
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About Ocean Terrace Apartments
Ocean Terrace Apartments is a four-storey, 38-unit new development boasting modern oceanside living. Offering one- and two-bedroom suites ranging from 761 to 1,125 sq ft, all units offer a modern design and luxury finishes such as quartz countertops, new appliances, air conditioning, and in-suite laundry, as well as balconies or patios. The property is located at 240 Island Highway West in Parksville, directly across from expansive beaches and just steps away from the vast boardwalk, the Parksville Community Park and a variety of local dining and shopping options. Please note Ocean Terrace Apartments is not a pet-friendly building.
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.
8.8
/10
Very GoodWith a solid 8.8 out of 10 overall, Ocean Terrace Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Ocean Terrace Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
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.
Ocean Terrace Apartments 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.
Ocean Terrace Apartments 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, 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.
Ocean Terrace Apartments 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·6A 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.
While Ocean Terrace Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A 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.
Ocean Terrace Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Ocean Terrace Apartments is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Ocean Terrace Apartments compares to other nearby properties.
Positives
- Images Available
- There are at least 10 photos of this address
Considerations
- Priced higher than average
- 2-bedrooms are $0.0 more than the median rent in this area
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Rent trends in Parksville
1-bedroom apartments at Ocean Terrace Apartments cost about 8% more than the average rent price for 1-bedroom apartments in Parksville.
Median rents as of Sep 12 2026.
Parksville
| Month | Median Rent |
|---|---|
| September 2024 | $1,895 |
| October 2024 | $1,918 |
| November 2024 | $1,868 |
| December 2024 | $1,857 |
| January 2025 | $1,763 |
| February 2025 | $1,810 |
| March 2025 | $1,900 |
| April 2025 | $1,900 |
| May 2025 | $1,847 |
| June 2025 | $1,824 |
| July 2025 | $1,812 |
| August 2025 | $1,859 |
| September 2025 | $1,849 |
| October 2025 | $1,855 |
| November 2025 | $1,883 |
| December 2025 | $1,857 |
| January 2026 | $1,797 |
| February 2026 | $1,876 |
| March 2026 | $1,866 |
| April 2026 | $1,880 |
| May 2026 | $1,915 |
| June 2026 | $1,835 |
| July 2026 | $1,909 |
| August 2026 | $1,911 |
| September 2026 | $1,861 |
Affordability calculator
Can I afford to live at 240 Island Hwy W?
Bedrooms
1 bedroomRent-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
$80,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $80,000 annually to afford this 1-bedroom monthly rent price of $2,000.
For more information on rent affordability, visit our rent calculator.
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Internet available near Ocean Terrace Apartments
Getting around Parksville near 240 Island Hwy W
Walking
6/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Transit
4/10
There are a few mass transit options within the area.
Points of interest for 240 Island Hwy W, Parksville
Groceries
9/10
The nearest general grocery store is within a 5-minute walk, and there are also some specialist food stores nearby.
Shopping
6/10
Several fashion stores are within a short walk.
Cafes
6/10
The closest café is within a 5-minute walk, and there are a few other cafés within walking distance.
Restaurants
5/10
Several restaurants are within a short walk.
Primary schools
3/10
The closest elementary school is within a 20-to-30-minute walk.
High schools
4/10
The closest high school is within a 15-to-20-minute walk.
Nightlife
4/10
The closest bar is within a 10-minute walk, and there are a few other bars within walking distance.
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