318 Richmond Street W 1508, Toronto, ON M5V 0B4
Utilities includedHeat · Water · Central Air Conditioning
Also includedCommon Elements · Building Insurance · Parking
- Maintenance fee
- $623 / month
- Property tax
- $3,567 / year
- Included in the fee
- Heat, Water, CAC, Common Elements, Building Insurance, Parking
Welcome to The Picasso Building and the epicentre of TIFF! Absolutely! Experience the vibrant downtown Toronto lifestyle in this stunning, south facing 1 bedroom + den with rare parking. Whether you're an ambitious professional, a creative spirit, or anyone who thrives on being at the center of the action, this stylish condo is designed to elevate your lifestyle. This sleek and modern condo offers a smart blend of style, comfort, and convenience right in the heart of the city's bustling entertainment and financial district. Step into a bright, open-concept living space featuring floor-to-ceiling windows that flood the unit with natural light and offer sweeping city views. The contemporary kitchen boasts high-end stainless steel and integrated appliances, quartz countertops, and an efficient layout ideal for quick meals or entertaining friends.This 1-bedroom plus den, 1-bathroom home maximizes every inch of space with thoughtful finishes and ample storage, while the balcony provides a perfect spot to unwind after a busy day. Enjoy the luxury of ensuite laundry for added convenience. Prime location in the heart of Toronto's Entertainment District - steps from theatres, live music venues, trendy bars, restaurants, and nightlife hotspots with a vibrant social scene - surrounded by co-working spaces, coffee shops, fitness studios, and cultural hubs fostering networking and active living. Excellent walk & transit scores of 100 - close to major transit routes including streetcars, subway and bike lanes - your commute just got effortless. Access to premium amenities like a fitness center, rooftop terrace, and 24-hour concierge elevate your urban living experience.Whether you're starting your career, working remotely, or looking for your downtown haven, Suite 1508 is where vibrant city life meets modern comfort. Don't miss the chance to call this dynamic condo your new home base! Extremely Rare 1 UNDERGROUND PARKING INCLUDED!
- MLS number
- C12985690
- Type
- Common Element Condo
- Status
- Active
- Bedrooms
- 2
- Bathrooms
- 1
- Postal code
- M5V 0B4
- Photos
- 40
- Locker
- No
- Laundry
- Ensuite
- Included in the fee
- Heat, Water, CAC, Common Elements, Building Insurance, Parking
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
Rooms
5 rooms as the listing brokerage filed them, 4 of them with measurements.
Main
| Room | Size | Features |
|---|---|---|
| Living Room | 3.84 × 6.96 m | Open Concept · Window Floor to Ceiling · W/O To Balcony |
| Kitchen | 3.84 × 6.96 m | Custom Backsplash · B/I Appliances · Undermount Sink |
| Bedroom | 3.28 × 3.38 m | Semi Ensuite · South View · W/O To Balcony |
| Den | 2.05 × 1.96 m | Separate Room · Laminate |
| Bathroom | not measured | 4 Pc Bath · Semi Ensuite · Soaking Tub |
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Common Element Condo
- Style
- Apartment
- Class
- Residential Condo & Other
- Age
- 6-10
- Exposure
- South
- Community
- Waterfront Communities C1
- Municipality
- Toronto C01
- Cross street
- Richmond and Peter
Inside
- Bedrooms
- 2
- Bedrooms above grade
- 1
- Bathrooms
- 1
- Washrooms
- 1 on the main floor
- Kitchens
- 1
- Rooms above grade
- 6
- Basement
- None
- Size
- 600-699
Building
- Construction
- Concrete, Stucco (Plaster)
- Balcony
- Open
Parking
- Garage
- Underground
- Covered spaces
- 1
- Driveway spaces
- 1
- Total parking
- 1
- Features
- Underground
Heating, cooling and services
- Heating
- Forced Air
- Heat source
- Gas
- Cooling
- Central Air
Condominium
- Fee
- $623 / month
- Fee includes
- Heat Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included, Parking Included
- Amenities
- Bike Storage, Concierge, Gym, Party Room/Meeting Room, Rooftop Deck/Garden
- Pets
- Yes-with Restrictions
Features
- Property
- Arts Centre, Hospital, Library, Park, Public Transit, Rec./Commun.Centre
- Interior
- Carpet Free
Listing
- MLS number
- C12985690
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-04-10
- Expires
- 2026-10-01
- Possession
- 2026-05-01
- Taxes
- $3,567 (2025)
- Board
- Toronto Regional Real Estate Board
Listing history
This address has been listed 2 times.
Where this property is
Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.
Matched to this street. The listing did not say which direction, and every candidate was in the same place.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
School boundaries this address is inside
Where these boundaries come from, and what they are worth
A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.
Toronto. Read from the TDSB’s own School Search Map, one school at a time. The board states that the lines on that map are approximate and that the schools serving an individual address must be confirmed against its own address lookup — so the outline here shows you roughly where a boundary runs, and the board answers whether a particular house is in it. The map covers home schools only: French Immersion, gifted and the other optional programs have their own boundaries and their own admission rules, and are not shown.
Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: TDSB Find Your School.
Sources: TDSB School Search Map — the board states these lines are approximate and that individual addresses must be confirmed against its own lookup.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| Apex Academy | Secondary | 423 m | Not reported |
| Contact Alternative School School Toronto DSB | Secondary | 557 m | Not reported |
| Connect International School | Secondary | 463 m | Not reported |
| Heydon Park Secondary School Toronto DSB | Secondary | 697 m | / 10 8% met the standard · 1 of 6 measures |
| Oasis Alternative Secondary School Toronto DSB | Secondary | 597 m | Not reported |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
What an H-Value is and how it is calculated — the method and our measured error, no account needed.
The market around this home
Common Element Condos in Toronto C01 — 94 sales over the last five years. Too few sold in this community to chart it on its own, so this is the whole city.
How these are built, and what they cannot tell you
Each point is the median of the sales that closed in that quarter among common element condos in toronto c01. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.
This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.
Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 5,092 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35204842 — the few blocks around this address, home to 5,092 people. It describes the area, not this property.
Percentages are of the 4,895 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.
What’s being built nearby
Planning applications within 500 m — 8 still in progress.
Combined Official Plan & Zoning By-law Amendment for an 11-storey purpose-built rental residential building atop a 3-storey podium. The proposed development contains a total gross floor area of 11,198 square metres, with a total number of 163 dwelling units.…
City planning file →OPA and rezoning for amendments to modify the performance standards applicable to the mixed-use building to be located at 274-284 King Street West on the West Block, and on incorporating the minor variances approved for 270 King Street West on the East Block (…
City planning file →Site Plan Approval for a new 52-story residential tower atop of the existing 9-story office building with ground-floor retail. This design includes 852 residential units, 24 of which will be affordable rentals, while maintaining the existing office building.
City planning file →Zoning By-law Amendment for a new 52-story residential tower atop of the existing 9-story office building with ground-floor retail.…
City planning file →Combined Official Plan Amendment (OPA) & Zoning By-law Amendment (ZBA) application for an increase in height from 49 to 57-storeys, a reduction in the required non-residential gross floor area, and a new 740 square metre open space.
City planning file →Combined Official Plan Amendment (OPA) & Zoning By-law Amendment (ZBA) for two residential buildings with a central courtyard, totalling 22 units. The front building is 5 storeys (16.2 metres) in height and the rear building is 4.5 storeys (17.3 metres).
City planning file →What these are
These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.
Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.
Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.