Maintenance Fees
Picasso on Richmond vs The Queen West Area
506 - 318 Richmond St W
$398,0001 bd1 ba0 pk561 sqft
For SalePicasso on Richmond
3.0
1 Day on Strata
$398,000
1 Bed
1 Bath
0 Parking
561 SQFT
Listing History
Unit Highlights
Property Type:
Condo
Maintenance Fees:
$417/mth
Taxes:
$2,310 (2024)
Cost Per Sqft:
$709/sqft
Locker:
None
Outdoor Space:
Terrace
Exposure:
North
Possession Date:
To Be Arranged
About this Listing
Welcome To Picasso, a Stunningly Designed Building. Developed By Monarch Group. Located In The Heart Of Torontos Harbourfront And Entertainment Districts. Feturing a Bright 1-Bedroom, Modern Open Concept Kitchen With Built-In Microwave And Oven. Functional Layout Living Space. Large Terrace Offers Unobstructed City View And Outdoor Sitting. Enjoy 24-Hour Concierge Security And An Array Of Exceptional Amenities. Exclusive Access To The "Picasso Club" Located On The 3rd Floor With Fitness, Weight Areas, Saunas And a Yoga Studio. 10th Floor Party Room With Lounges, Billiards And Tv Areas. The Outdoor 10th Floor Roof Top Deck With a Lounge, Cabanas, Fireplace, Barbecues, Tanning Deck And a Jacuzzi. Steps To Cn Tower, Rogers Centre, Ripley's Aquarium, Starbucks, Cafes And Restaurants. The Underground Path, Union Station, Scotiabank Arena, The Financial And Entertainment Districts. Minutes To Toronto's Harbourfront, The Multi-Use Martin Goodman Walking, Running And Cycling Trail, Dog Park, Hto Beach. The City's Finest Entertainment Lounges, Restaurants And Theatres On King Street West.
ExtrasFridge, Stove, Range Hood, Dishwasher, Washer And Dryer, All Window Coverings, All Electrical Lights Fixtures .
homelife landmark realty inc.MLS® #C12059641
Features
Maintenance Fees
Included
Heat
Air Conditioning
Water
Building Maintenance
Building Insurance
Excluded
Hydro
Utility Type
- Air Conditioning
- Central Air
- Heat Source
- No Data
- Heating
- Forced Air
Amenities
Games Room
Party Room
Media Room
Concierge
Indoor Pool
Visitor Parking
Bike Storage
Guest Suites
Rec Room
BBQs Allowed
Gym Room
Sauna
Rooftop Deck
Room Dimensions
Living
Laminate, Walkout To Terrace, East View
13.12 x 9.68ft
Kitchen
Laminate, Modern Kitchen, Backsplash
12.63 x 9.84ft
Dining
Laminate, Combined with Living, Open Concept
0 x 0ft
Buyer's Market
Balanced
Seller's Market
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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!
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
14th
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
77
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 | $887 | 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 | 31 Days | 154 Days | 225 Days | 699 Days |
| Avg. Wait for Unit Availability | 23 Days | 12 Days | 11 Days | 49 Days | 55 Days | 201 Days |
| Ratio of Units in Building | 17% | 32% | 36% | 8% | 8% | 2% |
Market Inventory
Total number of units listed and sold in Queen West
