368-3689910_homelife-bayside-realty-ltd-brokerage

Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD

Call Now: 416-939-2500 Email: vikas@vikaspalan.com
318 Richmond Street W 1508, Toronto C01, ON M5V 0B4
$645,000
  • Sale
  • Common Element Condo
  • 2 days ago
  • Updated: 2026-04-10

Overview

  • Common Element Condo
  • 1 + 1
  • 1
  • Underground/1
  • 600-699
  • 6-10

Description

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!

Details

  • C12985690
  • Underground/1
  • $645,000
  • Owner+Tenant
  • 1 + 1
  • Apartment
  • 1 + 1
  • 1
  • 600-699 Sqft
  • N/A N/A
  • 6-10
  • Common Element Condo
  • Sale

Additional details

  • Forced Air / Gas
  • $3566.83
  • 2025
  • N/A
  • N
  • None
  • Central Air
  • Arts Centre,Hospital,Library,Park,Public Transit,Rec./Commun.Centre

Rooms

Living RoomMain Level6.96 x 3.84
KitchenMain Level6.96 x 3.84
BedroomMain Level3.38 x 3.28
DenMain Level1.96 x 2.05
BathroomMain Level0 x 0

What's near transit

Subway and bus stops within 1 km · 318 Richmond Street W 1508, Toronto C01, ON M5V 0B4

Osgoode Station - Southbound Platform
482 m ~ 7 min walk
Queen St West at Soho St
301Queen
108 m ~ 2 min walk
Queen St West at Soho St
501Queen
108 m ~ 2 min walk
King St West at Peter St
304King
314 m ~ 4 min walk
King St West at Peter St
504King
314 m ~ 4 min walk
King St West at Peter St
508Lake Shore
314 m ~ 4 min walk
Spadina Ave at Richmond St West
310Spadina
335 m ~ 5 min walk
Spadina Ave at Richmond St West
510Spadina
335 m ~ 5 min walk
University Ave at Adelaide St West
503Kingston Rd
514 m ~ 7 min walk
Dundas St West at Beverley St
305Dundas
546 m ~ 7 min walk
Dundas St West at Beverley St
505Dundas
546 m ~ 7 min walk
MCCAUL ST AT DUNDAS ST WEST
306Carlton
606 m ~ 8 min walk
Dundas St West at St Patrick St
506Carlton
641 m ~ 9 min walk
Bathurst St at Queen St West
511Bathurst
971 m ~ 13 min walk
Bay St at Queen St West
19Bay
864 m ~ 11 min walk
Elm St at University Ave East Side
13Avenue Rd
900 m ~ 12 min walk
Bathurst St at Queen St West
307Bathurst
965 m ~ 13 min walk
Bay St at King St West
97Yonge
968 m ~ 13 min walk

Neighbourhood Profile

Wellington Place
Toronto neighbourhood · 2021 census
6.7 / 10
$90K
Median income
30.8 yrs
Median age
$740K
Median home value
62%
Renters
Transit
20.9%
Car
29.5%
Walk / bike
43.5%
$2,060/mo
Median rent
48%
Renters 30%+ on shelter
🌳Park 🛝Playground 📚Library 🚔Police station 🚇Subway / light rail 🚌Bus / streetcar 🏥Hospital 🩺Clinic / GP 🏡Long-term care
● within approx. 3 km
Data: Statistics Canada 2021 Census · EQAO 2023-2024 · City of Toronto open data

Properties you may like

Recently sold nearby

Common Element Condo · within 1.5KM · last 90 days

Addresssold priceBedroomDistance · sold
11 Brunel Court 3906, Toronto C01, ON M5V 3Y3$715,00021.1 km · 60 days ago
560 Front Street W 210, Toronto C01, ON M5V 1C1$445,00011.1 km · 24 days ago
27 Bathurst Street 301W, Toronto C01, ON M5V 0R1$323,00001.1 km · 39 days ago

Mortgage Calculator

  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Land Transfer Tax
  • CMHC

Estimate Your Rental Return

Enter your expected mortgage, annual expenses, and rental income to calculate monthly cash flow for this Toronto investment property.

3%
Monthly Cash Flow
net per month
Annual Cash Flow
net per year
Monthly Costs
mortgage + expenses
Cost Coverage
costs vs rent

Toronto · Ontario  ·  Estimates only. Not financial or investment advice. Consult a licensed mortgage broker and accountant before making investment decisions.

FAQ
  • What is the total square footage of the C12985690 - 318 Richmond Street W 1508, Toronto C01, ON M5V 0B4?

    The total square footage of this property is 600-699 SqFt.

  • What schools near to C12985690 - 318 Richmond Street W 1508, Toronto C01, ON M5V 0B4?

    The nearest schools are Ogden Junior Public School for elementary and Contact Alternative School for secondary.

  • What amenities are included with C12985690 - 318 Richmond Street W 1508, Toronto C01, ON M5V 0B4?

    This property includes the following amenities: Bike Storage,Concierge,Gym,Party Room/Meeting Room,Rooftop Deck/Garden.

RoofUp
Logo