Toronto, ON M5E 1E1
Asking Price
$390,000
1
Bed
1
Bath
549
Sq ft
Condo
Type
Not publicly listed. Surfaced by PrivateDeals from off-market and pre-market activity.
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
Opportunity score
5.5 / 10
Recommended strategy
TurnkeyAutomated estimate generated from listing data. Not a property valuation or investment advice.
Property type
Condo
Square feet
549 sq ft
Separate entrance
Yes
Strengths
Opportunities
Weaknesses
Threats
20.0%
Monthly payment (principal + interest)
$2,090
Down payment
$78,000
Mortgage amount
$312,000
Rate · amortization
6.5% · 25 yrs
Canadian semi-annual compounding. Add CMHC & land transfer tax →
/month
What it would rent for, all units combined
%
= $78,000 · linked to the mortgage calculator
/mo
Est. 1.2% of price a year
/mo
Repairs, condo fees
Monthly cash flow
Enter the rent to see if this home pays for itself.
Rent needed to break even
$2,480/mo
Mortgage (P+I)
−$2,090
Property tax
−$390
Asking Price
$390,000
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