Picasso On Richmond is a 39-storey high-rise residential tower built in 2016 by Goldman Group and Monarch Group. The building contains 402 units and is known for its large terraces, a defining feature that sets it apart in the waterfront market. As a modern high-rise in the Waterfront Communities, it represents the contemporary density and design of downtown Toronto residential development. The building appeals to a mix of owner-occupiers and renters seeking city living with outdoor space. Most units range from one to three bedrooms, with an average size around 600 square feet, making it flexible for different household types and lifestyle preferences.

Picasso On Richmond is situated in the Waterfront Communities C1 neighbourhood, one of Toronto's most dynamic and well-serviced areas. You're walking distance from the Harbourfront, Queens Quay Terminal, and a string of restaurants, galleries, and retail along Wellington and Front Streets. Transit is excellent: St. Andrew subway station is nearby, and multiple streetcar lines serve the area, making it easy to reach other parts of downtown and beyond. The neighbourhood attracts young professionals, families, and anyone who values walkability and waterfront access. Summer months bring outdoor markets, events, and waterfront patios that activate the streets around the building.

Units at Picasso On Richmond typically range from one to three bedrooms, with an average size of 600 square feet, so expect efficient layouts optimized for downtown living. The building's large terraces are a significant draw for many residents, offering private outdoor space that's rare in high-rise apartments. When evaluating a unit, ask about maintenance fees, current property tax, and what's included in building fees. The high-rise location means you'll benefit from views and natural light, but also need to consider building management quality and elevator access during peak hours. Parking, if it's part of your needs, should be clarified early. Given the waterfront location, resale and rental demand tend to remain strong, making it a relatively stable investment.