The Loft is a really, really nice little place to stay when in Vancouver. We came across from the UK and booked the loft as it seemed such a good deal - and it REALLY WAS !!
The Loft was "cozy" and for 2 people it has everything you need for a pleasent stay and, as said before by others, the stairs to the bedroom are steep and narrow BUT I'm 6'4" and I managed them quite happily.
Either end of the street is a bus to take you Downtown or to Kitsilano Beach area.
We will defienately stay again when we come back to Van :-)