Zumper
modified
Updated 5+ Days Ago

Location

240 Island Hwy W, Parksville, BC V9P 1N5, CAN
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Contact

Management

Devon Properties

Leasing office

(778) 401-4922

Property Overview

Ocean Terrace Apartments earns a strong Zumper Expert Rating of 8.8, with top marks for price and amenities, plus a very strong location score. It is described as offering excellent value, standout conveniences, and a detailed, trustworthy presentation, making it a compelling option for renters.

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

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.

Great for

  • Eco living

Floor plans

1 Bedroom 1 Bathroom1 bed1 bath761 sqft$2,000 /mo1 unit available

Let's explore this property.

Amenities for Ocean Terrace Apartments

Apartment Amenities

Air ConditioningClose Proximity To Ocean
Resident Storage

Building

ElevatorEV Charging
Non-SmokingResident Lounge
Residents Lounge

Grounds

Garage ParkingStorage

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 terms12 months

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.

Considerations

Distance from grocery stores
The nearest grocery store is 3.3 miles away
Distance from transit
More than 1.6 miles from public transportation

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Rent trends in Parksville

1-bedroom apartments at Ocean Terrace Apartments cost about 9% more than the average rent price for 1-bedroom apartments in Parksville.

Median rents as of Oct 31 2026.
Parksville
A table of 1-bedroom apartment rental data trends in Parksville
MonthMedian Rent
November 2024$1,848
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$1,867
October 2026$1,870

Affordability calculator

Can I afford to live at 240 Island Hwy W?

Bedrooms

1 bedroom

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

$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.

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

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

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