Maintenance Fees
Picasso on Richmond vs The Queen West Area
for sale
25 Days on Strata
- Est Sell Timeframe:
- 17 Days
2408 - 318 Richmond St
$628,000
1 Bed + 1
1 Bath
0 Parking
608 SQFT
Price History
- Maintenance Fees:
- $523/mth
- Taxes:
- $3,197 (2025)
- Property Type:
- Condo
- Cost Per Sqft:
- $1,033/sqft
- Outdoor Space:
- Balcony
- Locker:
- None
- Possession Date:
- TBD
- Exposure:
- South
Amenities
Gym
Games Room
Party Room
Rooftop Deck
Visitor Parking
About this Listing
Live in luxury at Picasso on Richmond with this stunning 1+1 bedroom condo in the heart of downtown Toronto's Entertainment District. *All Furniture Included* This Best View suite offers over $30,000 in upgrades, a spacious open-concept layout, breathtaking and unobstructed south-facing city & CN Tower views, and a serene quiet-in-the-middle-of-it-all location. The suite features a modern kitchen with an integrated fridge, flat cooktop, built-in oven, built-in microwave, built-in dishwasher, washer, dryer, great-sized den, 9 ft smooth ceilings, and a Private Oasis Balcony with clear view. Rooftop terrace, fitness centre, swimming pool, and 24/7 concierge. *Furniture Included* Step outside to Nofills, Goodlife, and Bestco! King & Queen West, the Financial District, Rogers Centre, Scotiabank Arena, Harbourfront, Ripley's Aquarium, and the Fashion District. Seamless TTC, P.A.T.H., and Union Station access puts the entire city within reach. The area is filled with top restaurants, bars, cafes, quirky Queen Street shops, and is just minutes to Grange Park, OCAD, and Chinatown for endless dining and takeout options. Optimum choice for investor or self-occupied! Enjoy a rare urban oasis balcony with views that soothe your soul and let your worries fade away.
ExtrasWasher & Dryer, Built-In Fridge, Cooktop, Built-In Oven, Built-In Dishwasher, Microwave, plus in-unit furniture: L-Shape sofa, TV stand, Round table & chairs, bedroom bed, all first owned by seller. Best choice for self-use or investment!
first class realty inc.MLS® #C12483972
Utilities & Inclusions
- Hydro
- Not Included
- Heat
- Included
- Air Conditioning
- Included
- Water
- Included
- Parking
- Not Included
- Building Maintenance
- Included
- Building Insurance
- Included
- Heating Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning Type
- Central Air
Dimensions
- Living
- 12.4 x 22.18ft
- Balcony, Se View, Windows Floor to Ceiling
- Kitchen
- 12.4 x 9.19ft
- Built-in Appliances, Open Concept, Backsplash
- Bedroom
- 10.83 x 11.48ft
- Walkout To Balcony, Closet, Windows Floor to Ceiling
- Bathroom
- 10.83 x 5.25ft
- 4 Piece Ensuite, Ceramic Floor, carpet free
- Den
- 6.56 x 6.89ft
- carpet free, Led Lighting, Laminate
Buyer's Market
Balanced
Seller's Market
Building Spotlight
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Explore Queen West
Map
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
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
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
LOWchance 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 againProperty 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
| Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | |
|---|---|---|---|---|---|---|
| Price Range | No Data | $430,000 | $575,000 - $613,000 | $872,000 - $1,247,000 | $699,900 | No Data |
| Avg. Cost Per Sqft | No Data | $816 | $1,068 | $1,065 | $842 | No Data |
| Price Range | $1,825 - $2,100 | $2,100 - $2,600 | $2,300 - $2,850 | $3,200 - $3,500 | $2,950 - $3,550 | $4,000 |
| Avg. Wait for Unit Availability | 88 Days | 58 Days | 38 Days | 155 Days | 237 Days | 645 Days |
| Avg. Wait for Unit Availability | 23 Days | 12 Days | 11 Days | 50 Days | 53 Days | 209 Days |
| Ratio of Units in Building | 17% | 31% | 36% | 8% | 9% | 2% |
Market Inventory
Total number of units listed and sold in Queen West
