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Location

240 Island Hwy W, Parksville, BC V9P 1N5, CAN
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Property Overview

Ocean Terrace Apartments receives an overall Zumper rating of 8.8, highlighting its appeal for renters. The property excels in price and amenities, both rated at 10, showcasing a strong balance of value and an impressive array of features. With a location rating of 9, residents enjoy convenient access to various attractions, complemented by 34 high-quality photos that provide a comprehensive view of the property.

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.

Zumper Expert Rating

8.8
Very Good
With 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.

Things you’ll love

  • Images Available

Great for

  • Eco living

Floor plans

1 Bedroom 1 Bathroom1 bed1 bath761 sqft
1 Bedroom 1 Bathroom1 bed1 bath761 sqft
1 Bedroom 1 Bathroom1 bed1 bath761 sqft
1 Bedroom 1 Bathroom1 bed1 bath761 sqft
2 Bedroom 1 Bathroom2 bed1 bath1,055 sqft
2 Bedroom 2 Bathroom2 bed2 bath988 sqft
2 Bedroom 2 Bathroom2 bed2 bath988 sqft
2 Bedroom 1 Bathroom2 bed1 bath988 sqft
2 Bedroom 2 Bathroom2 bed2 bath956 sqft
2 Bedroom 2 Bathroom2 bed2 bath988 sqft

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Amenities for Ocean Terrace Apartments

Apartment Amenities

Air ConditioningClose Proximity To Ocean
Resident Storage

Building

ElevatorEV Charging
Non-SmokingResident Lounge
Residents Lounge

Grounds

Assigned ParkingGarage 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.

Building details

Property details

Lease terms12 months
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About Ocean Terrace Apartments

Home 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 Good
With 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.
How we rated Ocean Terrace Apartments
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:

Eco living

  • You can get around by foot in this area
  • Public transit available nearby

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

Median rents as of Mar 14 2026.
Parksville
A table of 1-bedroom apartment rental data trends in Parksville
MonthMedian Rent
March 2024$1,940
April 2024$1,867
May 2024$1,906
June 2024$1,883
July 2024$1,896
August 2024$1,889
September 2024$1,917
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$1,853
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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.

Explore the area around 240 Island Hwy W

Thrifty Foods
280 Island Hwy W
Churchill's British Imports
166 W Island Hwy
Eat Fresh Urban Market
164 Bagshaw St
Quality Foods
A-319 E Island Hwy
Pattison Food Group Ltd
818 Island Hwy W

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