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    Toronto / Downtown / Queen West

    905 - 318 Richmond St W

    For SalePicasso on Richmond
    $565,000
    Price Increase: $499,000
    1 Bed
    1 Bath
    0 Parking
    560 SQFT
    68 Days on Strata
    Est Sell Timeframe
    22 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $494/mth
    Taxes:
    $2,611 (2024)
    Cost Per Sqft:
    $1,009/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    North
    Possession Date:
    October 1, 2024
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Laminate, Large Window, Combined with Dining
    19.33 x 13.16ft
    Dining
    Laminate, Combined with Living
    19.33 x 13.16ft
    Kitchen
    Laminate, Open Concept, Stainless Steel Appliances
    19.33 x 13.16ft

    About this Listing

    Fantastic layout in this spacious, well-kept 1-bedroom, 1-bath unit featuring premium finishes and modern design! Enjoy a large open balcony and abundant natural light throughout the bright and airy space. The unit boasts wood floors throughout and a stunning kitchen equipped with ample cabinetry, a stylish backsplash, and integrated fridge and dishwasher. The generous master bedroom includes extensive closet space. Located just steps away from Queen West shopping, Kensington Market, Chinatown, live theatres, restaurants, and the subway. The building also offers outstanding amenities!

    ExtrasExisting Fridge, Cook top, Oven, Dishwasher, Range Hood. Washer and Dryer. Existing electric light fixtures and window coverings.

    prestigium real estate ltd.MLS® #C9350941

    Amenities

    Party Room
    Visitor Parking
    Gym Room
    Sauna
    Bike Storage
    Rec Room

    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 Listings

    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%

    Price Trends

    Maintenance Fees

    Picasso on Richmond vs The Queen West Area

    Building Trends At Picasso on Richmond

    Days on Strata

    Units at Picasso on Richmond spend an average of
    19
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    5%
    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
    6.3
    YEARS before being sold again

    Property Value

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

    Price Ranking

    19th
    Highest price per SQFT out of 47 condos in the Queen West area

    Sold Units

    6
    Units were Sold over the past twelve months

    Rented Units

    89
    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 - $952,500$988,000
    Avg. Cost Per SqftNo Data$998No Data$1,038$1,018$1,061
    Avg. Wait for Unit Availability88 Days58 Days30 Days140 Days244 Days699 Days
    Ratio of Units in Building17%31%36%9%8%2%

    Transactions vs Inventory

    Total number of units listed and sold in Queen West