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    318 Richmond Street W & 310 Richmond Street W

    Picasso on Richmond
    6for Sale
    11for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    39
    Number of Units:
    405
    Condo Completion:
    2016
    Condo Demand:
    High
    Unit Size Range:
    309 - 3,000 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for Picasso on Richmond

    Receive listing updates for Queen West

    Amenities

    Concierge
    Visitor Parking
    Party Room
    Rec Room
    Rooftop Deck
    Media Room

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 318 Richmond Street WPicasso on Richmond

    Beyond just standing out in the exciting Entertainment District, the high-rise at 310-318 Richmond Street West elevates the expectations for what a sizeable residential development can be. Courtesy of an inspired design from Teeple Architects, and with expert execution by the Goldman Group and Monarch Group in 2016, the Picasso on Richmond Condos is as much of an artistic architectural landmark as it is a set of luxurious homes.

    Pablo Picasso’s penchant for playing with space and forms influences the aesthetic of the 39-storey tower at 310-318 Richmond West. The unique white and deep grey cubic volumes project artistic refinement as the tower rises, while also giving space for many terrace rooftops planted with gorgeous gardens. The Picasso on Richmond Condos literally cultivates life and vibrancy.

    Complementing its green roofs, warm red accents along the volumes’ edges captivate the eye. Furthermore, 310-318 Richmond houses an impressive collection of amenities which more than satisfy its residents. The10th floor features a sophisticated party space, additional lounges, a bar, a media room equipped for cinema-quality screenings, and fitness facilities which include a yoga studio and a sauna.

    The amenities area is situated high in the sky, since the lower levels conveniently contain multiple levels of high-end commercial space. Nonetheless, the open-air lobby, featuring a 24-hour concierge service, offers residents an art-gallery ambience — the perfect private, serene and sophisticated welcome when residents return to their homes after a day in the exciting Entertainment District.

    The Suites

    As 310-318 Richmond West attracts so many prospective buyers looking for downtown Toronto condos for sale, it’s a good thing it’s home to 402 suites. Ranging from studios to three bedroom suites, their sizes span approximately 350 to 2,800 square feet. No matter the actual size of the suite, the prestigious team at the Monarch Group and the Goldman Group ensure these are extraordinary living spaces.

    While the suites’ finishes are all fantastic, and oriented towards a contemporary aesthetic, prospective buyers may be attracted to the Picasso on Richmond Condos’ considerable sustainability features throughout their suites as well.

    In kitchens, the appliances are Energy Star certified, while bathrooms utilize high-efficiency faucets and showerheads. Finally, throughout the suites, energy-saving light fixtures work in conjunction with double glazed insulated windows to make certain that the suites’ bright, fresh atmosphere comes at a minimal cost to the environment.

    The Neighbourhood

    Residents of the Picasso on Richmond Condos live right in the heart of Queen West neighbourhood and the Entertainment District. This means being a short walk from phenomenal live performance venues on King Street like the Princess of Wales and Royal Alexandra Theatres, cinemas like the Scotiabank Theatre (just across the street), and the TIFF Bell Lightbox which is also on King. Plus, concerts can be enjoyed from Roy Thomson Hall at King and Simcoe street.

    For those curious to see the work of an emerging modern-day Picasso, down the street is a veritable incubator of artists, cultural producers, and social innovators sits at 401 Richmond. In a beautiful heritage designated brick building, 401 Richmond’s many exhibitions and festivals will fill the schedules of Picasso on Richmond Condos’ residents if they so please.

    Transportation

    Since so many Torontonians travel to this neighbourhood for its many attractions, those who live at 310-318 Richmond can get around the city with ease. For those who prefer public transit, Osgoode station is just a short walk away. There, residents can access the subway on the Yonge-University-Spadina line and reach destinations throughout the city in the no time — even areas like North York and Etobicoke.

    For those who prefer driving, Richmond does move well within the city, though drivers can only travel west on this road. For those driving east, heading south to Adelaide Street will be their best option. Like Richmond, Adelaide’s one-way designation means its traffic moves well.

    Lastly, a major highway is not far from the Picasso on Richmond Condos. Drivers need only go south to York Street, where an on-ramp connects them to Gardiner Expressway.

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    6

    Listings For Sale

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    11

    Listings For Rent

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    Explore Neighbourhood

    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!

    Similar condos

    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%

    Maintenance Fees

    Picasso on Richmond vs The Queen West Area

    Days on Strata

    Units at Picasso on Richmond spend an average of
    23
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    6%
    above
    the list price.

    Offer Competition

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

    Turnover of Units

    On average, each unit is owned for
    6.2
    YEARS before being sold again

    Property Value

    -6%
    Decrease in property value within the past twelve months

    Price Ranking

    20th
    Highest price per SQFT out of 47 condos in the Queen West area

    Sold Units

    5
    Units were Sold over the past twelve months

    Rented Units

    87
    Units were Rented over the past twelve months

    Best Value Rank

    Picasso on Richmond offers the
    ?
    best value out of 47 condos in the Queen West neighbourhood

    Appreciation Rank

    Picasso on Richmond has the
    ?
    highest ROI out of 47 condos in the Queen West neighbourhood

    Rental Yield

    Picasso on Richmond yields the
    ?
    highest rent prices out of 47 condos in the Queen West neighbourhood

    High Demand

    Picasso on Richmond is the
    ?
    most popular building out of 47 condos in the Queen West neighbourhood

    Transaction Insights at 318 Richmond Street W

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$570,000 - $628,000No Data$865,000$815,000 - $952,500No Data
    Avg. Cost Per SqftNo Data$998No Data$1,038$1,018No Data
    Avg. Wait for Unit Availability88 Days58 Days30 Days140 Days244 Days763 Days
    Ratio of Units in Building17%31%36%9%8%2%

    Unit Sales vs Inventory

    Total number of units listed and sold in Queen West