I go to Toronto from time to time for pleasure. Toronto is an expensive city, so I like the fact that for around 130$ CAN on expedia
you can (sometimes) book an apartment in the Grande Residence at the Sutton Hotel on Bay Street.
The great advantage for travelers is that the apartments are rather big (salon and bedroom) and contain a kitchen (fridge/stove/
dishwasher/coffee maker/dishes/cutlery/pots/some utensils) The last two times I was there the bedroom had a nice view on the North West part of the city. The kitchen was clean, but no frills - fabulous for preparing breakfast or other meals if you don't feel like eating out. Of course to do this, you have to plan ahead. The hotel doesn't supply
any of the basics with the kitchen in these apartments, not even complementary coffee (although the first time I was there I grumbled about this and managed to get some at the front desk).
Sure, the furniture is not gold-plated - this is no honeymoon suite with chocolates on your pillow - but if you're just looking for a conveniently located place to sleep while spending your time enjoying the city this is a great bet. The rooms are clean, maid-service every day.
Parking in Toronto is expensive, but the Sutton's rates are ridiculous
(25$ per vehicle/self-park - 32$ for valet parking). Cheaper parking can be had at the outdoor lot belonging to the Basilain Church just at the first light north of the Sutton and to the left). I managed to get 24 hour parking there for 12$. So if you don't have much luggage and don't mind walking 50 metres, this is a great option.
This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC