Condo for sale at 1508-318 Richmond Street, Toronto, Ontario, M5V 0B4 - Waterfront Communities C1 - MLS: C12985690

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1508-318 Richmond Street

Toronto, Ontario, M5V 0B4 - Waterfront Communities C1

$645,000

Neighbourhood

Waterfront Communities C1
Major Intersection

Richmond and Peter

Listed Since: 1 day(s)
Last update: today

Overview

Property Type

Comm Element Condo, Apartment
Bedrooms

1 + 1
Bathrooms

1
Square Feet

600-699
Exposure

South
Total Parking

1 Underground Garage
Maintenance

$623
Taxes

$3,566.83 (2025)
Balcony

Open

Property Description

Property description for 1508-318 Richmond Street, Toronto

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!

Listed by HARVEY KALLES REAL ESTATE LTD.

Property details

MLS #

C12985690
Sq. Ft

600-699
Sq. Ft. Source

MLS
Year Built

6-10
Basement

None
View

n/a
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

None
Pets Permitted

Yes-with Restrictions
Exterior

Concrete
Fireplace

N
Security

n/a
Elevator

Y
Laundry Level

n/a
Building Amenities

Bike Storage,Concierge,Gym,Party/Meeting Room,Rooftop Deck/Garden
Maintenance Fee Includes

Heat, Parking, Water
Property Management

First Service Residential
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

MLS #

C12985690
Sq. Ft

600-699
Sq. Ft. Source

MLS
Year Built

6-10
Basement

None
View

n/a
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

None
Pets Permitted

Yes-with Restrictions
Exterior

Concrete
Fireplace

N
Security

n/a
Elevator

Y
Laundry Level

n/a
Building Amenities

Bike Storage,Concierge,Gym,Party/Meeting Room,Rooftop Deck/Garden
Maintenance Fee Includes

Heat, Parking, Water
Property Management

First Service Residential
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

Living

3.84 x 6.96 ft Main level

Open Concept, Window Flr to Ceil, W/O To Balcony
Kitchen

3.84 x 6.96 ft Main level

Custom Backsplash, B/I Appliances, Undermount Sink
Br

3.28 x 3.38 ft Main level

Semi Ensuite, South View, W/O To Balcony
Den

2.05 x 1.96 ft Main level

Separate Rm, Laminate
Bathroom

0.0 x 0.0 ft Main level

4 Pc Bath, Semi Ensuite, Soaker

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 1508-318 Richmond Street, Toronto

This property has been sold 2 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

Local Real Estate Price Trends for Comm Element Condo in Waterfront Communities C1

Active listings

649

Average Selling Price of a Comm Element Condo

March 2026

$714,185

Last 3 Months

$713,971

Last 12 Months

$735,800

March 2025

$819,917

Last 3 Months LY

$779,213

Last 12 Months LY

$780,368

Change

-13%

Change

-8%

Change

-6%

Historical Average Selling Price of a Comm Element Condo in Waterfront Communities C1

Average Selling Price

3 years ago

$791,077

Average Selling Price

5 years ago

$793,822

Average Selling Price

10 years ago

$473,655

Change

-10%

Change

-10%

Change

51%

Number of Comm Element Condo Sold

March 2026

114

Last 3 Months

101

Last 12 Months

111

March 2025

108

Last 3 Months LY

Last 12 Months LY

116

Change

10%

Change

-4%

How many days Comm Element Condo takes to sell (DOM)

March 2026

Last 3 Months

Last 12 Months

March 2025

Last 3 Months LY

Last 12 Months LY

Change

10%

Change

14%

Change

15%

Average Selling price

Inventory Graph

Mortgage Calculator

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Down Payment ($)

Down Payment (%)

Closing Cost Calculator

This data is for informational purposes only.

Closing Cost Total for this property

Total Cash flow for purchasing this property

Purchase Price

First time home buyer

Down Payment($)

Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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