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    Toronto / Downtown / Queen West

    2801 - 318 Richmond St W

    For RentPicasso on Richmond
    $2,500/mth
    1 Bed + 1
    1 Bath
    0 Parking
    616 SQFT
    7 Days on Strata
    Est Lease Timeframe
    16 Days

    Listing History

    Unit Highlights

    Possession Date:
    February 15, 2025
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    No
    Exposure:
    North West
    Locker:
    None
    Laundry:
    Ensuite
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Heat
    Air Conditioning
    Water
    Building Maintenance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Laminate, Combined with Dining, Walkout To Balcony
    6.17 x 7.05ft
    Dining
    Laminate, Combined with Living
    6.17 x 7.05ft
    Kitchen
    Laminate, Backsplash
    6.17 x 14.4ft

    About this Listing

    Stunning 1-bedroom + Den corner unit with breathtaking views. Discover elevated living in this gorgeous northwest-facing 1-bedroom + den corner suite, perched high on the 28th floor. Flooded with natural light through expansive floor-to-ceiling windows, this unit offers a bright, open ambiance that instantly feels like home. The spacious den is perfectly suited for a comfortable work-from-home setup, while the serene bedroom boasts a generous walk-in closet with ample storage for all your needs. Enjoy a sleek, modern kitchen complete with quartz countertops, and step out onto your private balcony to unwind with panoramic city views. Residents of this luxurious building have access to top-tier amenities, including a state-of-the-art exercise room, 24/7 concierge service a media room for movie nights, a relaxing sauna, and a dedicated yoga studio. Ideally situated just minutes from some of Toronto's most vibrant neighborhoods, including Little Italy, Kensington Market, Chinatown, St. Lawrence Market, and the Financial District. Experience the best of urban living with dining, shopping, and entertainment right at your doorstep.

    re/max premier inc.MLS® #C11893601

    Amenities

    Concierge
    Bike Storage
    Indoor Pool
    Rooftop Deck
    Sauna
    Games 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!

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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
    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
    22
    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
    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

    -8%
    Decrease in property value within the past twelve months

    Price Ranking

    17th
    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

    90
    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 - $872,000$815,000$988,000
    Avg. Cost Per SqftNo Data$998No Data$1,046$861$1,061
    Avg. Wait for Unit Availability88 Days58 Days30 Days146 Days244 Days699 Days
    Ratio of Units in Building17%31%36%9%8%2%

    Transactions vs Inventory

    Total number of units listed and leased in Queen West