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    Toronto / Downtown / Queen West

    1510 - 318 Richmond St W

    For SalePicasso on Richmond
    $499,000
    Studio
    1 Bath
    0 Parking
    473 SQFT
    161 Days on Strata
    Est Sell Timeframe
    22 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $400/mth
    Taxes:
    $2,052 (2023)
    Cost Per Sqft:
    $1,055/sqft
    Locker:
    None
    Outdoor Space:
    None
    Exposure:
    West
    Possession Date:
    September 1, 2024
    Laundry:
    Ensuite
    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
    Gas
    Heating
    Forced Air

    Room Dimensions

    Room dimensions are not available for this listing.

    About this Listing

    Indulge in the epitome of luxury within this sun-soaked, immaculate bachelor unit, perfectly situated in the heart of Toronto's dynamic Entertainment District. Immerse yourself in the spaciousness, boasting an opulent bathroom and an abundance of sleek kitchen cabinets. Every corner exudes refinement, enhancing your daily living experience. Step into an urban paradise minutes away from the captivating allure of Kensington Market, the vibrant energy of Chinatown, and their resistible temptations of St. Lawrence Market. Embrace the city's pulse with close proximity to the Financial and Fashion Districts, theaters, museums, sports arenas, and a plethora of outstanding dining options. Moreover, savor the pinnacle of contemporary living with round-the-clock concierge service, an outdoor BBQ haven, an exquisite party room for your entertainment needs, a serene hot tub, a recreational games room, and a fully-equipped gym. Your dream lifestyle awaits in this exquisite property!

    re/max realtron realty inc.MLS® #C8442606

    Amenities

    Party Room
    Visitor Parking
    Gym Room
    Sauna
    Bike Storage
    Rec Room

    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!

    Similar Listings

    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
    19
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    5%
    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

    -6%
    Decrease in property value within the past twelve months

    Price Ranking

    19th
    Highest price per SQFT out of 47 condos in the Queen West area

    Sold Units

    6
    Units were Sold over the past twelve months

    Rented Units

    89
    Units were Rented over the past twelve months

    Best Value Rank

    Picasso on Richmond offers the
    ?
    best value out of 47 condos in the Queen West neighbourhood

    Appreciation Rank

    Picasso on Richmond has the
    ?
    highest ROI out of 47 condos in the Queen West neighbourhood

    Rental Yield

    Picasso on Richmond yields the
    ?
    highest rent prices out of 47 condos in the Queen West neighbourhood

    High Demand

    Picasso on Richmond is the
    ?
    most popular building out of 47 condos in the Queen West neighbourhood

    Transaction Insights at 318 Richmond Street W

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$570,000 - $628,000No Data$865,000$815,000 - $952,500$988,000
    Avg. Cost Per SqftNo Data$998No Data$1,038$1,018$1,061
    Avg. Wait for Unit Availability88 Days58 Days30 Days140 Days244 Days699 Days
    Ratio of Units in Building17%31%36%9%8%2%

    Transactions vs Inventory

    Total number of units listed and sold in Queen West