Toronto, ON M5E 1E1
1 Beds
1 Baths
549 sq ft
$390,000
Asking Price
Welcome to luxury downtown living at the prestigious Cosmopolitan Hotel & Residences. Perched on the 23rd floor, this bright and well-appointed 549 sq. ft. 1-bedroom, 1-bathroom suite offers an exceptional opportunity for homeowners and investors alike in one of Toronto's most sought-after locations (King & Yonge). Featuring a functional open-concept layout, this south-facing suite is filled with natural light and offers beautiful city views through expansive windows and a charming Juliette balcony. The thoughtfully designed floor plan maximizes every square foot, creating a comfortable and inviting living space ideal for professionals, first-time buyers, or those seeking a downtown pied-à-terre. Located at 8 Colborne Street in the heart of Toronto's Financial District, you're just steps from St. Lawrence Market, Union Station, the PATH, King Subway Station, the waterfront, world-class dining, shopping, entertainment, and everything downtown Toronto has to offer. A unique feature of ownership at the Cosmopolitan is the opportunity to participate in the hotel's rental program (subject to approval and program requirements), providing investors with added flexibility and income-generating potential. Whether you're looking for a stylish urban residence or a versatile investment property with hotel rental potential, this rare offering delivers outstanding value in an unbeatable downtown location. Experience elevated city living from the 23rd floor at the Cosmopolitan Hotel & Residences. Parking: No Storage: No Property Taxes: $1900.70 (2025) Maintenance Fees: $850.48
Recommended Strategy:
Property Type
luxury property
Status
available for investment
Square Feet
549 sq ft
Separate Entrance
No
Strengths
• Luxury downtown location
• Potential for high rental income
• Hotel rental program for added income-generating potential
Weaknesses
• Higher purchase price
• Potential for high maintenance costs
Opportunities
• Growing demand for downtown living
• Potential for long-term appreciation in value
Threats
• Market fluctuations
• Changing demand for downtown living
Down Payment
Canadian semi-annual compounding
Down
$78,000
Loan
$312,000
Monthly P+I
$2,090
= $78,000 · 20.0% committed
Auto-calculated from mortgage above
Ontario default: 1.2% of $390,000 ÷ 12
Monthly Summary
Mortgage (P+I)
$2,090
Property Tax
$390
Total Out
$2,480
Rental In
$0
Net / Month
-$2,480
Net Cash Flow
Enter rental income to activate the gauge
Asking Price
Posted Aug 14, 2026 · 19 days ago
1 bd
·
1 ba
·
549 sqft
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