Good:
It's a great location for pretty much everything (food, restaurants, public transport, safety, etc.) It's an economic place so don't expect too much from it except what you need (it's a sectioned part of the first floor and entrance is on the back of the house.) A very quiet area too (though read below) and nice neighbors. It's the perfect spot for exploring Vancouver on a budget.
Bad:
Biggest issues we had were that walls were a bit too thin (I could hear many of the neighbor's actions no matter the level of sound) and light outside was out with no peephole (had to open the door at one point to let second floor neighbors in to the circuit panel, it was a pretty creepy experience before opening the door) but it's Vancouver, so it's pretty safe.