The Only Backpacker's Inn
The Only Backpacker's Inn might not be the most centrally located hostel in Toronto (Danforth and Donlands), but it makes up for that in beer. Yeah, that's right - the hostel is located above one of the city's premier beer destinations, the Only Cafe. Along with proximity to the cafe, the hostel boasts cable TV, free WiFi, a guest kitchen and air conditioning. Security is on the lax side, but that's because it's not entirely necessary here. Dorm-based accommodation comes in at around $25 (which includes a decent breakfast).