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).