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    Cosmopolitan

    8 Colborne Street

    0for Sale
    1for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    26
    Number of Units:
    97
    Condo Completion:
    2005
    Condo Demand:
    Medium
    Unit Size Range:
    341 - 3,000 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for Cosmopolitan

    Amenities

    Concierge
    Sauna
    Business Centre
    Gym Room
    Security System
    Games Room

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 8 Colborne StreetCosmopolitan

    Whenever we hear of condos available inside a hotel, we are immediately intrigued. For one, hotels are held to a different standard, since they need to attract visitors on a daily basis. And not only are the Cosmopolitan Condos set within a downtown Toronto hotel, they inhabit a hotel that made it onto Condé Nast Traveler’s Hot List back in 2006.

    At that time, the building had been around only a year: the 2005-built residences at 8 Colborne Street arrived on the scene thanks to Skyline International Development Inc. The Cosmopolitan Condos span 26 floors, with the boutique building only home to 97 Toronto condos.

    If we bought a place at 8 Colborne Street we’d surely be tempted to bribe hotel staff to put chocolates on our pillows in the mornings, however for most residents the abundant amenities are more than enough. Not only do residents have access to a gym, party room, concierge, meeting room, guest suites, and parking, but thanks to its dual status as a hotel residents can make regular visits to the Shizen Spa or the wine bar as well.

    To top it all off, the bragging rights are real at 8 Colborne: the Cosmopolitan Hotel has hosted a star-studded lineup of guests in the past, including Vince Vaughn and Kate Hudson, to name a few.

    The Suites

    The bragging doesn’t have to stop there either, thanks to the fact that a penthouse unit was once featured on an episode of Designer Guys. This awe-inspiring home also happens to boast 24-foot ceilings, a solarium, and a massive terrace to boot.

    But since there are only one of these gems, the rest of the condos should also be discussed. Toronto condos for sale at 8 Colborne Street are accessible even to first time buyers, thanks to the cozier condos available, perfect for just one or two. Sizes range from around 300 to 1,500 square feet, meaning even those with small families can find a comfortable home in the Cosmopolitan Condos.

    Separating these homes from the standard cube condo are elements such as floor to ceiling windows, and modern kitchens. Hardwood floors can also be found throughout the building, adding warmth to these already bright spaces.

    The Neighbourhood

    With its location at King and Yonge, the Cosmopolitan Condos really deserve the name that they have. Residents are lucky enough to reside within the busy St. Lawrence neighbourhood, while the privacy that comes along with being tucked away on Colborne Street is an added bonus.

    Options for entertainment are endless with 8 Colborne as a starting point. St. Lawrence, the Financial District, the Entertainment District, the Historic Distillery District, and the Harbourfront are just a couple of areas waiting to be explored by residents.

    Fans of live entertainment can visit venues such as Roy Thompson Hall, the Princess of Wales Theatre, the St. Lawrence Centre for the Arts, or the Rogers Centre, all of which are a quick walk or trip on the subway away. Shopaholics will rejoice, thanks to their close proximity to the Eaton Centre, while foodies will never grow tired of taking a stroll over to St. Lawrence Market.

    While the vast array of restaurants along King and Queen Streets will be tempting enough, those who prefer to cook can take a 7-minute walk over to the Market by Longo’s on King West, a 5-minute stroll toward the Metro on Front, or a 6-minute trip to the Saks Food Hall at Queen and Yonge.

    Those who love hosting out-of-towners will love how close they live to major Toronto attractions. The CN Tower, Ripley’s Aquarium, Jack Layton Ferry Terminal, and Roger’s Centre are all just a short walk away.

    Transportation

    However one likes to get around, living at 8 Colborne is convenient as can be: cyclists, pedestrians, drivers, and public transit users alike can reach all areas of the city in no time.

    For those who tend to stick to two wheels, the Martin Goodman Trail will come in handy. This car-free route is great for cyclists who want to head east or west, as it hugs the lakeshore for 56 kilometres. Alternatively, bike lanes along Richmond and Adelaide will certainly come in handy for bicycle commutes.

    Drivers can head down to the Gardiner Expressway, from which they can zip around the southern edge of the city. This route also provides access to the Don Valley Parkway to the east and the 427 to the west.

    And last but not least, TTC travel is made simple thanks to the location next to Yonge Street. Hopping onto the subway at King Station allows passengers to head north or south, while King streetcars are ideal for those heading east or west.

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    Explore Neighbourhood

    10/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    52,892
    Average Individual Income
    $63,089
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $104,944
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    36%
    High Rise Apartment
    32%
    Semi Detached
    17%
    Low Rise Apartment
    7%
    Duplex
    6%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    69%
    Mandarin
    12%
    Cantonese
    11%
    Tamil
    3%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Urdu
    1%
    Education
    University and Above
    35%
    High School
    25%
    None
    16%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    19%
    Health & Related Fields
    12%
    Social Sciences
    11%
    Math & Computer Sciences
    8%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%

    Days on Strata

    Units at Cosmopolitan spend an average of
    21
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    6.1
    YEARS before being sold again

    Property Value

    -2%
    Decrease in property value within the past twelve months

    Price Ranking

    N/A
    Highest price per SQFT out of 64 condos in the St. Lawrence area

    Sold Units

    1
    Units were Sold over the past twelve months

    Rented Units

    5
    Units were Rented over the past twelve months

    Best Value Rank

    Cosmopolitan offers the
    ?
    best value out of 64 condos in the St. Lawrence neighbourhood

    Appreciation Rank

    Cosmopolitan has the
    ?
    highest ROI out of 64 condos in the St. Lawrence neighbourhood

    Rental Yield

    Cosmopolitan yields the
    ?
    highest rent prices out of 64 condos in the St. Lawrence neighbourhood

    High Demand

    Cosmopolitan is the
    ?
    most popular building out of 64 condos in the St. Lawrence neighbourhood

    Transaction Insights at 8 Colborne Street

    Studio1 Bed1 Bed + Den2 Bed3 Bed + Den
    Price RangeNo Data$427,000No DataNo DataNo Data
    Avg. Cost Per SqftNo Data$794No DataNo DataNo Data
    Avg. Wait for Unit Availability457 Days110 DaysNo DataNo DataNo Data
    Ratio of Units in Building19%72%2%6%4%

    Maintenance Fees

    Cosmopolitan vs The St. Lawrence Area

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