Maintenance Fees
Picasso on Richmond vs The Queen West Area
515 - 318 Richmond St W
$2,5001 bd1 ba0 pk600 - 699 sqft
For RentPicasso on Richmond
3.0
95 Days on Strata
$2,500/mth
Price Increase: $2,300
Price Increase: $2,300
1 Bed
1 Bath
0 Parking
600 - 699 SQFT
Listing History
Details
Property Type:
Condo
Possession Date:
February 15, 2025
Lease Term:
1 Year
Utilities Included:
No
Outdoor Space:
Balcony
Furnished:
Yes
Exposure:
South
Locker:
None
Laundry:
Ensuite
Amenities
Rec Room
Guest Suites
Indoor Pool
BBQs Allowed
Concierge
Visitor Parking
Gym
Games Room
Rooftop Deck
Party Room
Sauna
Media Room
Bike Storage
About this Listing
Students, New Immigrants Welcome! Super Large *Furnished* One Bedroom Is Move-In Ready. South View Large Open Balcony with Tons Of Sunshine & View of Nightlife. 9" Ceilings, Wood Floor Throughout, Modern Kitchen With Quartz Counters & Stainless Steel Appliances. Owner Live-In / Very Well Maintained. Located In Downtown Core Entertainment/Financial District. Steps To Queen St. Shopping Area, Ttc, Restaurants. Close To All Entertainment On King St., Rogers Centre, Scotiabank Arena, Union Station And Harbour Front. Steps To Ocad U, U of T, Osgoode Subway Stn, Cn Tower; are right Outside Your Front Door. **EXTRAS** **Furnished With: Double Bed Frame & Mattress, Night Stand Set, Wood Dining Table, Six Dining Chairs, Three Person Sofa (Double as Sofa Bed), Tv Stand, Floor Lamp, Night Stand Lamp, Elfs and Window Coverings.
re/max imperial realty inc.MLS® #C11910238
Fees & Utilities
Utilities Included
Rent Includes
Heat
Building Insurance
Not Included
Hydro
Air Conditioning
Water
Utility Type
Air Conditioning
Central Air
Heat Source
Gas
Heating
Forced Air
Room Dimensions
Living
hardwood floor, Walkout To Balcony, Combined with Dining
19.49 x 12.14ft
Dining
hardwood floor, South View, Combined with Living
19.49 x 12.14ft
Kitchen
hardwood floor, Modern Kitchen, Combined with Dining
19.49 x 12.14ft
Bedroom
hardwood floor, Glass Doors, Built-in Dishwasher
11.25 x 9.51ft
Renter's Market
Balanced
Landlord's Market
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Walkability
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10/10
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7/10
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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 leased in Queen West
