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    for sale
    10 Days on Strata
    Est Sell Timeframe:
    17 Days

    1508 - 318 Richmond St W

    $699,000
    1 Bed + 1
    1 Bath
    1 Parking
    671 SQFT
    Strata is Hiring Realtors | Apply Now

    Price History


    Maintenance Fees:
    $623/mth
    Taxes:
    $3,567 (2025)
    Property Type:
    Condo
    Cost Per Sqft:
    $1,042/sqft
    Outdoor Space:
    Balcony
    Locker:
    None
    Possession Date:
    Dec 19
    Exposure:
    South

    Amenities

    Bike Storage
    Concierge
    Gym
    Party Room
    Rooftop Deck

    About this Listing

    Welcome to The Picasso Building and the epicentre of TIFF! Absolutely! Experience the vibrant downtown Toronto lifestyle in this stunning, south facing 1 bedroom + den with rare parking. Whether you're an ambitious professional, a creative spirit, or anyone who thrives on being at the center of the action, this stylish condo is designed to elevate your lifestyle. This sleek and modern condo offers a smart blend of style, comfort, and convenience right in the heart of the city's bustling entertainment and financial district. Step into a bright, open-concept living space featuring floor-to-ceiling windows that flood the unit with natural light and offer sweeping city views. The contemporary kitchen boasts high-end stainless steel and integrated appliances, quartz countertops, and an efficient layout ideal for quick meals or entertaining friends.This 1-bedroom plus den, 1-bathroom home maximizes every inch of space with thoughtful finishes and ample storage, while the balcony provides a perfect spot to unwind after a busy day. Enjoy the luxury of ensuite laundry for added convenience. Prime location in the heart of Toronto's Entertainment District - steps from theatres, live music venues, trendy bars, restaurants, and nightlife hotspots with a vibrant social scene - surrounded by co-working spaces, coffee shops, fitness studios, and cultural hubs fostering networking and active living. Excellent walk & transit scores of 100 - close to major transit routes including streetcars, subway and bike lanes - your commute just got effortless. Access to premium amenities like a fitness center, rooftop terrace, and 24-hour concierge elevate your urban living experience.Whether you're starting your career, working remotely, or looking for your downtown haven, Suite 1508 is where vibrant city life meets modern comfort. Don't miss the chance to call this dynamic condo your new home base! Extremely Rare 1 UNDERGROUND PARKING INCLUDED!

    ExtrasAll ELFs, window coverings and existing built-in appliances.

    harvey kalles real estate ltd.MLS® #C12539640

    Utilities & Inclusions

    Hydro
    Not Included
    Heat
    Included
    Air Conditioning
    Included
    Water
    Included
    Parking
    Included
    Building Maintenance
    Included
    Building Insurance
    Included
    Heating Type
    Forced Air
    Heat Source
    Gas
    Air Conditioning Type
    Central Air

    Dimensions


    Living
    12.6 x 22.84ft
    Open Concept, Windows Floor to Ceiling, Walkout To Balcony
    Kitchen
    12.6 x 22.84ft
    Custom Backsplash, Built-in Appliances, Undermount Sink
    Bedroom
    10.76 x 11.09ft
    Semi Ensuite, South View, Walkout To Balcony
    Den
    6.73 x 6.43ft
    Separate Room, Laminate
    Bathroom
    0 x 0ft
    4 Piece Bath, Semi Ensuite, Soaker

    Buyer's Market
    Balanced
    Seller's Market

    Building Spotlight

    Similar Listings

    Explore Queen West

    Map

    © OpenStreetMap
    map of location
    View My Travel Time
    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
    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%


    Days on Strata

    Units at Picasso on Richmond spend an average of
    30
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    below
    the list price.

    Offer Competition

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

    Turnover of Units

    On average, each unit is owned for
    6.4
    YEARS before being sold again

    Property Value

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

    Price Ranking

    30th
    Highest price per SQFT out of 53 condos in the Queen West area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    83
    Units were Rented over the past twelve months

    Best Value Rank

    Picasso on Richmond offers the
    ?
    best value out of 53 condos in the Queen West neighbourhood

    Appreciation Rank

    Picasso on Richmond has the
    ?
    highest ROI out of 53 condos in the Queen West neighbourhood

    Rental Yield

    Picasso on Richmond yields the
    ?
    highest rent prices out of 53 condos in the Queen West neighbourhood

    High Demand

    Picasso on Richmond is the
    ?
    most popular building out of 53 condos in the Queen West neighbourhood

    Market Insights

    Transaction Insights at Picasso on Richmond

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$430,000$575,000 - $613,000$872,000 - $1,247,000$699,900No Data
    Avg. Cost Per SqftNo Data$816$1,068$1,065$842No Data
    Avg. Wait for Unit Availability88 Days58 Days38 Days155 Days237 Days645 Days
    Ratio of Units in Building17%31%36%8%9%2%

    Market Inventory

    Total number of units listed and sold in Queen West