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    Toronto / Downtown / Queen West

    3107 - 318 Richmond St W

    For SalePicasso on Richmond
    3.0
    $685,000
    1 Bed + 1
    1 Bath
    0 Parking
    623 SQFT
    3 Days on Strata
    Est Sell Timeframe
    17 Days

    Listing History

    Unit Highlights

    Ownership Type:
    Condo
    Property Type:
    Condo
    Maintenance Fees:
    $529/mth
    Taxes:
    $3,226 (2024)
    Cost Per Sqft:
    $1,100/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    South
    Possession Date:
    Flexible
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    No Data
    Heating
    Forced Air

    Room Dimensions

    Living
    Laminate, Combined with Dining, Sw View
    12.4 x 23.82ft
    Dining
    Laminate, Combined with Kitchen, South View
    12.4 x 23.82ft
    Kitchen
    Granite Counter, Stainless Steel Appliances, Backsplash
    12.4 x 23.82ft

    About this Listing

    Luxurious 1+1 Picasso Condo in the Heart of Downtown Toronto! Live in style at Picasso on Richmond, a stunning 1+1 bedroom condo in Torontos vibrant Entertainment District. This modern suite features a spacious open-concept layout with breathtaking city and CN Tower views. Located just steps from King & Queen St W, CN Tower, Rogers Centre, Scotiabank Arena, and the Financial District, it offers unmatched convenience with easy access to TTC streetcars, the P.A.T.H, and Union Station. Surrounded by top restaurants, bars, and cafes, you'll also be within walking distance of Harbourfront, Toronto Aquarium, and the Fashion District. Residents enjoy premium amenities including a fitness centre, swimming pool, rooftop terrace, 24/7 concierge, and more.

    ExtrasIncludes: Stainless Steel Fridge, Cooktop with Built-In Oven, Washer and Dryer, Built-In Dishwasher, and Microwave. Amenities include 24-hour concierge, yoga & pilates studio, billiards room, spa, media room, sauna, exercise room, and outdoor swimming pool.

    jdl realty inc.MLS® #C12014642

    Amenities

    Media Room
    Visitor Parking
    Rooftop Deck
    Party Room
    Concierge
    Sauna

    Explore Neighbourhood

    10/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

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    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    18,483
    Average Individual Income
    $71,628
    Average Household Size
    3 persons
    Average Age
    42
    Average Household Income
    $108,396
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    20%
    50 - 64
    20%
    65+
    19%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    23%
    $60,000+
    15%
    $90,000+
    10%
    $125,000+
    5%
    Housing Types & Tenancy
    High Rise Apartment
    43%
    Semi Detached
    25%
    Detached
    24%
    Low Rise Apartment
    3%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    72%
    Mandarin
    13%
    Cantonese
    9%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Urdu
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    12%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    17%
    Social Sciences
    12%
    Health & Related Fields
    10%
    Math & Computer Sciences
    8%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    5%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Price Trends

    Maintenance Fees

    Picasso on Richmond vs The Queen West Area

    Building Trends At Picasso on Richmond

    Days on Strata

    Units at Picasso on Richmond spend an average of
    10
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    7%
    above
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Queen West

    Turnover of Units

    On average, each unit is owned for
    6.3
    YEARS before being sold again

    Property Value

    -9%
    Decrease in property value within the past twelve months

    Price Ranking

    16th
    Highest price per SQFT out of 52 condos in the Queen West area

    Sold Units

    4
    Units were Sold over the past twelve months

    Rented Units

    80
    Units were Rented over the past twelve months

    Best Value Rank

    Picasso on Richmond offers the
    ?
    best value out of 52 condos in the Queen West neighbourhood

    Appreciation Rank

    Picasso on Richmond has the
    ?
    highest ROI out of 52 condos in the Queen West neighbourhood

    Rental Yield

    Picasso on Richmond yields the
    ?
    highest rent prices out of 52 condos in the Queen West neighbourhood

    High Demand

    Picasso on Richmond is the
    ?
    most popular building out of 52 condos in the Queen West neighbourhood

    Transaction Insights at 318 Richmond Street W

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$570,000No Data$872,000$815,000$988,000
    Avg. Cost Per SqftNo Data$887No Data$1,055$861$1,063
    Avg. Wait for Unit Availability88 Days56 Days31 Days154 Days225 Days699 Days
    Ratio of Units in Building17%31%36%8%8%2%

    Transactions vs Inventory

    Total number of units listed and sold in Queen West