pin_buy318 Richmond St W & 310 Richmond St W
5Listings for Salefor Sale
5Listings for Rentfor Rent
building_buyPicasso on Richmond
building_buyPicasso on Richmond
5Listings for Salefor Sale
5Listings for Rentfor Rent
Walkability
10/10
Transit
10/10
Bikeability
8/10
© MapTiler © OpenStreetMap
0
CONDO Demand
Average
Unit Availability
Average
Property Type
Condo
Developer
Monarch Group
Condo Completion
2016
Property Management
Brookfield Property Management
Unit Size Range
309 - 3000 SQFT
Number of Units
405
Number of Storeys
39

318 Richmond St W, Toronto

About this condo

Condo Overview

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.

Amenities

Games Room
Gym
Rooftop Deck/Garden
BBQ
Bike Storage
Media Room
Visitor Parking
Indoor Pool
Guest Suites
Recreation Room
Party/Meeting Room
Sauna
Concierge

Maintenance Fees Cover

Maintenance fees include

Water

Owner / renter pays separately

Hydro
Heat
Air Conditioning

Past Sold & Rented Listings

Stats, Trends & Rankings

Price Per Square Foot
Picasso on Richmond vs The Queen West Area

$118.00
More Expensive
per SQFT compared to the neighbourhood average
Picasso on Richmond's Avg
price per SQFT
$1,270
/ SQFT
Neighbourhood Avg
price per SQFT
$1,152
/ SQFT

Building Trends At Picasso on Richmond

Days on Market

Units at Picasso on Richmond spend an average of
21
Days on Market
based on recent sales

List vs Selling Price

On average, these condos sell for
4%
above
the list price.

Offer Competition

Condos in this building have an

AVERAGE
chance of receiving
Multiple Offers

Turnover of Units

On average, each unit is owned for
5.4
YEARS before being sold again

Property Value

6%
Increase in property value within the past twelve months

Price Ranking

14th
Highest price per SQFT out of 46 condos in the Queen West area

Sold Units

17
Units were Sold over the past twelve months

Rented Units

79
Units were Rented over the past twelve months

Best Value

Picasso on Richmond offers the
?
best value out of 46 condos in the Queen West neighbourhood

Return on Investment

Picasso on Richmond has the
?
highest ROI out of 46 condos in the Queen West neighbourhood

Rental Yield

Picasso on Richmond yields the
?
highest rent prices out of 46 condos in the Queen West neighbourhood

High Demand

Picasso on Richmond is the
?
most popular building out of 46 condos in the Queen West neighbourhood

Sales vs Rental Values For This Condo

Studio309 - 487 SQFT
Average Cost Per Sqft$1,574
Sales Price Range$515,000 - $550,000
Rental Price Range$1,700 - $2,150
1 Bed400 - 635 SQFT
Average Cost Per Sqft$1,139
Sales Price Range$575,000 - $735,000
Rental Price Range$1,900 - $2,600
1 Bed + Den614 - 749 SQFT
Average Cost Per Sqft$1,105
Sales Price Range$730,000 - $825,000
Rental Price Range$2,150 - $2,700
2 Bed749 - 852 SQFT
Average Cost Per Sqft$1,056
Sales Price Range$803,000 - $803,000
Rental Price Range$2,980 - $3,350
2 Bed + Den929 - 949 SQFT
Average Cost Per Sqft
N/A
Sales Price Range
N/A
Rental Price Range$3,000 - $3,650
3 Bed948 - 1000 SQFT
Average Cost Per Sqft$999
Sales Price Range$1,102,500 - $1,102,500
Rental Price Range$3,900 - $4,250

How Often Are Units Listed?

Studio309 - 487 SQFT
Average Sales Availability
Every126Days
Average Rental Availability
Every21Days
Ratio of Unit Type in Building16%
1 Bed398 - 706 SQFT
Average Sales Availability
Every49Days
Average Rental Availability
Every11Days
Ratio of Unit Type in Building32%
1 Bed + Den506 - 820 SQFT
Average Sales Availability
Every44Days
Average Rental Availability
Every10Days
Ratio of Unit Type in Building36%
2 Bed725 - 1299 SQFT
Average Sales Availability
Every190Days
Average Rental Availability
Every47Days
Ratio of Unit Type in Building8%
2 Bed + Den803 - 949 SQFT
Average Sales Availability
Every153Days
Average Rental Availability
Every48Days
Ratio of Unit Type in Building9%
3 Bed900 - 1250 SQFT
Average Sales Availability
Every793Days
Average Rental Availability
Every222Days
Ratio of Unit Type in Building2%

Maintenance Fees
Picasso on Richmond vs The Queen West Area

$0.06
More Expensive
per SQFT compared to the neighbourhood average
Picasso on Richmond's Avg
monthly maintenance
fee per SQFT
$0.82
/ SQFT
Neighbourhood Avg
monthly maintenance
fee price per SQFT
$0.76
/ SQFT

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