Maintenance Fees
Picasso on Richmond vs The Queen West Area
3107 - 318 Richmond St W
$685,0001 bd1 ba0 pk623 sqft
For SalePicasso on Richmond
3.0
28 Days on Strata
$685,000
1 Bed + 1
1 Bath
0 Parking
623 SQFT
Listing History
Details
Property Type:
Condo
Maintenance Fees:
$529/mth
Taxes:
$3,226 (2024)
Cost Per Sqft:
$1,100/sqft
Outdoor Space:
Balcony
Locker:
None
Exposure:
South
Possession Date:
Flexible
Amenities
Visitor Parking
Concierge
Indoor Pool
Games Room
Rec Room
Party Room
Rooftop Deck
Sauna
Guest Suites
Bike Storage
Gym
BBQs Allowed
Media Room
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
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
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
Bedroom
Laminate, Closet, Windows Floor to Ceiling
10.66 x 10.07ft
Den
Laminate, Open Concept
4.66 x 6.99ft
Buyer's Market
Balanced
Seller's Market
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10/10
Walkability
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10/10
Transit
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7/10
Bikeability
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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
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
-9%
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
72
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 | 874 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
