Maintenance Fees
Picasso on Richmond vs The Queen West Area
1811 - 318 Richmond St
For SalePicasso on Richmond
3.0
11 Days on Strata
$675,000
1 Bed + 1
1 Bath
0 Parking
607 SQFT
Listing History
2025 - Apr 12 • 11 days on Strata
for sale$675,000
Mar 12, 2024 • 50 days on Strata
leased$2,200
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Details
Property Type:
Condo
Maintenance Fees:
$530/mth
Taxes:
$2,698 (2024)
Cost Per Sqft:
$1,112/sqft
Outdoor Space:
Balcony
Locker:
None
Exposure:
North East
Possession Date:
August 1, 2025
Amenities
Concierge
Sauna
Rec Room
Guest Suites
Gym
Indoor Pool
Visitor Parking
Games Room
BBQs Allowed
Rooftop Deck
Bike Storage
Media Room
Party Room
About this Listing
One Bedroom + Den With Unobstructed View In The Iconic Picasso! Experience Extraordinary Living In This Stylish Suite Featuring Soaring 9-Foot Ceilings And A Bright, Open Layout. Perfectly Situated In The Heart Of The Entertainment District, You're Just Steps From The Harbourfront, King & Queen West, Kensington Market, And Subway Station. Enjoy Breathtaking City Sunset Views From Both The Bedroom And The Balcony With Walk-Out From The Living Room. With A Near-Perfect Walk Score Of 99/100 And A Perfect Transit Score Of 100/100, This Is Urban Living At Its Finest!
ExtrasLuxurious 1+1 Picasso On Richmond St. Breathtaking Toronto City View And CN Tower View. Very Convenient Location, Steps Away From TTC Streetcars, The P.A.T.H., And Union Station. In The Heart Of The Entertainment District, Surrounded By Top Restaurants And Bars. Located Just Steps To The Financial District, Harbourfront, Rogers Centre, Scotiabank Arena, And Fashion District. Luxury Amenities And 24-Hour Concierge.
royal lepage signature realtyMLS® #C12079681
Fees & Utilities
Maintenance Fees
Included in Fees
Heat
Water
Building Maintenance
Building Insurance
Not Included
Hydro
Air Conditioning
Utility Type
Air Conditioning
Central Air
Heat Source
No Data
Heating
Forced Air
Room Dimensions
Living
Laminate, Combined with Dining, Sw View
0 x 0ft
Dining
Laminate, Combined with Living, Sw View
0 x 0ft
Kitchen
Granite Counter, Backsplash
0 x 0ft
Primary
Laminate, Large Window
0 x 0ft
Den
Laminate
0 x 0ft
Buyer's Market
Balanced
Seller's Market
3.0
Building Spotlight
Similar Listings
Explore Queen West
Commute Calculator
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!
Mortgage Calculator
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
Household Income
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%
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
AVERAGEchance 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 againProperty Value
-8%
Decrease in property value within the past twelve months
Price Ranking
12th
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
73
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
?
Market Insights
Transaction Insights at Picasso on Richmond
| Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | |
|---|---|---|---|---|---|---|
| Price Range | No Data | $570,000 | No Data | $872,000 | $815,000 | $988,000 |
| Avg. Cost Per Sqft | No Data | $880 | No Data | $1,055 | $861 | $1,056 |
| Price Range | $1,900 - $2,150 | $2,200 - $2,700 | $2,400 - $3,000 | $3,100 - $3,650 | $3,050 - $3,600 | $4,300 - $5,000 |
| Avg. Wait for Unit Availability | 88 Days | 55 Days | 32 Days | 154 Days | 225 Days | 1108 Days |
| Avg. Wait for Unit Availability | 23 Days | 12 Days | 12 Days | 50 Days | 55 Days | 201 Days |
| Ratio of Units in Building | 17% | 32% | 35% | 8% | 8% | 2% |
Market Inventory
Total number of units listed and sold in Queen West
