Lindsay is a great host and this room is in an ideal location (across the street from a tram stop that runs frequently... even all night on weekends!). I'd definitely stay here again.
There's a cafe downstairs (Awkward Mike's) run by some charming guys, but you can skip the pizzeria next door (though it works for late night dining -- open til 11pm). Milkwood (cafe restaurant down Nicholson) and New Day Rising (on Blyth) are also great. There's a small convenience store (including alcohol) across Nicholson.
Keep in mind that there is a live music venue across the street, so if you're a light sleeper this might keep you up.
Being at an intersection, there were times when fumes idling at the traffic light would seep into the room, so this is something to keep in mind for people with respiratory issues.