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318 Richmond Street W 3001

Waterfront Communities C1, Toronto, M5V 0B4 · More in this building

$599,900

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  • 1+1 bedrooms
  • 1 bathrooms
  • 0 parking
  • 600-699 sq ft

Listed 5 days ago · MLS® C14080380

About this home

Bright, spacious & rare corner 1 Bed+Den suite in the heart of Queen West, just a 5 minute walk from Osgoode subway. Meticulously cared for building that just underwent it's 2nd maintenance fee reduction (you read correctly!) reflected in new fiscal year budget summary. Exceptionally well maintained suite by same owner occupant since day 1, with rare wide layout, corner windows and clear views of the city. Suite features 9' ceilings, well proportioned room sizes and large closets in bedroom & foyer. Finishes include laminate flooring throughout; spacious kitchen with generous cabinet & counter space, built-in appliances, granite countertops & marble backsplash; Extra wide living/dining space with corner unobstructed floor to ceiling windows and walk-out to sheltered balcony; Modern bathroom finishes including neutral & light-coloured tiles, soaker tub & handheld shower fixture; Large bedroom that can accommodate King-size bed, open views and walk-in closet; and versatile den. Amenities include 24-7 concierge, fully equipped gym & yoga studio, his and her saunas, guest suite, bike storage rooms, party room with lounge areas, games room, TV lounge, and rooftop lounge with cabanas, outdoor fireplace, BBQ's & hot tub. Located a 5 minute walk from Osgoode subway and future Ontario Line station, across the street from No Frill's, 2 min walk from City Market or a little further to grocery shop Kensington Market. Eaton Centre, Waterworks Food Hall, The Well, Art Gallery of Ontario, OCAD, U of T, top hospitals, Union station and so much more, all in under 15 minute walk.

Details

Type
Condo Apartment
Style
Apartment
Age
6-10 years
Size
600-699 sq ft
Basement
None
Garage
None
Kitchens
1
Property tax
$3,468 (2026)
Maintenance fee
$502/month
Neighbourhood
Waterfront Communities C1
Municipality
Toronto C01
Price per sq ft
$924 (about the same as condo apartments in Waterfront Communities C1)
Fee per sq ft
$0.77/month (Toronto median $0.92)

Interior

Bedrooms
1 above ground + 1 below
Bathrooms
1 × 4-piece (flat)
Rooms
4 above ground + 1 below
Family room or den
No
Fireplace
No
Laundry
Ensuite, In-Suite Laundry
Features
Carpet Free, Separate Hydro Meter

Heating, cooling and services

Heating
Heat Pump, Gas
Air conditioning
Central Air

Building and exterior

Style
Apartment
Exterior
Concrete
Age
6-10 years

Condo

Building
Picasso on Richmond
Monthly fee
$502
Fee includes
Water Included, Building Insurance Included, Common Elements Included
Amenities
Bike Storage, Gym, Sauna, Guest Suites, Concierge, Party Room/Meeting Room
Balcony
Open
Exposure
North West
View
City, Downtown, Clear
Pets
Yes-with Restrictions
Security
Concierge/Security, Smoke Detector, Alarm System, Security System
Property manager
First Service, 416-979-0888, nexhip.troci@fsresidential.com

More

Possession
Flexible
Nearby
Clear View, Hospital, Public Transit, Park
Cross street
Queen and Spadina

Rooms

RoomLevelSizeFeatures
KitchenFlat4.39 × 5.74 m (14'5" × 18'10")Granite Counters, B/I Appliances, Centre Island
Living RoomFlat4.39 × 5.74 m (14'5" × 18'10")Large Window, Laminate, Combined w/Dining
Dining RoomFlat4.39 × 5.74 m (14'5" × 18'10")W/O To Balcony, Laminate, West View
Primary BedroomFlat3.96 × 3.2 m (13' × 10'6")Walk-In Closet(s), Large Window, Laminate
DenFlat2.24 × 1.83 m (7'4" × 6')Laminate
OtherFlat2.62 × 1.5 m (8'7" × 4'11")Concrete Floor, NW View

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 Osgoode Subway8 min walk
  • 🚇 St. Andrew Subway9 min walk
  • 🚆 Toronto Union Station GO17 min walk

Within a 10-minute walk: 23 grocery stores, 536 cafés and restaurants, 25 parks, 21 pharmacies. Nearest grocery: No Frills (50 m). Nearest park: Robert Grasett Park (150 m).

Schools nearby

Elementary

  • Ogden Junior Public School
    EQAO: Gr 6 reading 77%, math 53%    5 min walk
  • ALPHA Alternative Junior School9 min walk
  • Cornerstone Preparatory School Private12 min walk
  • Beverley School13 min walk

Secondary

  • Oasis Alternative Secondary School9 min walk
  • Contact Alternative School9 min walk
  • Heydon Park Secondary School
    EQAO: Gr 9 math 8%    12 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M5V

Owners / renters
42% / 58%
Median household income
$91,000
Average age
35
Children under 15
6%
Homes
0% detached, 97% high-rise
Commute by transit
23%
Population
59,912

Languages spoken most at home besides English: Mandarin 3.7%, Spanish 1.5%, Yue (Cantonese) 1%, Hindi 1%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Wellington Place (2025): 31% above the Toronto average, down 8% from the year before.

  • Assault52% above average
  • Break and enter55% above average
  • Auto theft57% below average
  • Robberyabout average
  • Theft from vehiclesabout average
  • Shootings30% above average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 56 active

  • 17 ST PATRICK ST · 350 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2026
    Proposed development for the Canada Life Campus include: Retention of the existing office buildings with minor alterations at 330 University Avenue, 180 Simcoe…
    Application details
  • 156 JOHN ST · 100 m
    Site Plan · Application Received · applied 2026
    Proposed change of use from office to a hotel occupancy with ground floor modifications.
    Application details
  • 50 STEPHANIE ST · 300 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2025
    Combined Official Plan & Zoning By-law Amendment for an 11-storey purpose-built rental residential building atop a 3-storey podium. The proposed development…
    Application details
  • 276 KING ST W · 300 m
    Official Plan / Zoning By-law Amendment · Council Approved · applied 2025
    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…
    Application details
  • 55 JOHN ST · 400 m
    Site Plan · NOAC Issued · applied 2025
    Site Plan Approval for the relocation of Toronto Fire and Emergency Service Station 332 to the south side of Metro Hall.
    Application details
  • 111 PETER ST · 100 m
    Official Plan / Zoning By-law Amendment · Council Approved · applied 2024
    Zoning By-law Amendment for a new 52-story residential tower atop of the existing 9-story office building with ground-floor retail. This design includes 852…
    Application details

65 more within 500 m.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 1 km. Transit times · Driving times

Coming transit

  • 🚧 Chinatown 350 m
  • 🚧 Osgoode 500 m
  • 🚧 King West GO Transit950 m

Stations under construction or approved. Opening dates are the latest public estimates and often move.

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built CRE

Commercial Residential Employment (with a site-specific exception).

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Heritage Protected

This address is on Toronto’s Heritage Register: Heritage Conservation District (Part V) (2024). Changes to the outside (and sometimes inside) usually need a heritage permit, and demolition is restricted.

Heritage Register entry

Building permits

  • Interior Alterations · 2018 · Closed
    Proposal for interior alterations to create a demising wall and installation of a new access door to existing multi unit building. -Units 2…
  • Interior Alterations · 2017 · Closed
    Proposal for interior alterations to existing vacant space for tenant fit out of new personal training and treatment facility. Unit 202B.
  • Electromagnetic Locks · 2016 · Closed
    Installation of one electromagnetic locking device on third floor.
  • New Building · 2016 · Revision Issued
    Tenant revisions for 3rd floor and added site service plan to drawing set and clarification for coverage of sprinklers.
  • Alternative Solution · 2015 · Approved
    Alternate solution for protecting horizontal standpipes in the 2 below grade levels of the building by using Firemaster Fastwrap XL Product…

3 permits on this block of the street in the last 2 years.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

20 City street trees within 100 m, mostly honeys. That’s fewer than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence (where you live). The entire home can be rented up to 180 nights a year; renting up to 3 bedrooms while you live there has no limit. Hosts register with the City and collect the 6% accommodation tax.

City rules

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by CHESTNUT PARK REAL ESTATE LIMITED.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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