318 Richmond Street W & 310 Richmond Street W
Building Details
Listing History for Picasso on Richmond
Amenities
Maintenance Fees
About 318 Richmond Street W — Picasso 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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Price Increase: $66,000 (Oct 12)
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Price Cut: $300 (Nov 5)
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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.
Price Trends
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Building Trends At Picasso on Richmond
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Transaction Insights at 318 Richmond Street W
Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | |
---|---|---|---|---|---|---|
Price Range | No Data | $570,000 - $628,000 | No Data | $865,000 | $815,000 - $952,500 | No Data |
Avg. Cost Per Sqft | No Data | $998 | No Data | $1,038 | $1,018 | No Data |
Price Range | $1,900 - $2,300 | $2,200 - $2,700 | $2,200 - $3,000 | $3,100 - $3,650 | $3,300 - $3,600 | $4,300 - $5,000 |
Avg. Wait for Unit Availability | 88 Days | 58 Days | 30 Days | 140 Days | 244 Days | 763 Days |
Avg. Wait for Unit Availability | 22 Days | 12 Days | 11 Days | 47 Days | 56 Days | 201 Days |
Ratio of Units in Building | 17% | 31% | 36% | 9% | 8% | 2% |
Unit Sales vs Inventory
Total number of units listed and sold in Queen West