There is a nice view of the bay north of Johnson bridge. The location is great! You have the Canoe Brewery and the Fish hook restaurant just across the street from the studio. China town and Market Square are just 3 or 4 blocks away.
The studio has a great kitchen with plenty of pans, dishes, and utensils for your everyday meals. The bathtub is large for a studio, if you are interested in a soak after a hard day at being a tourist. The bed is comfortable for two. There is an extra futon set up as a couch. Futon's make good beds, but I find them to be uncomfortable as a couch. The table can be broken down to make more room, if needed.
Lela is a great host. She communicates quickly and she knows Victoria well. She has great suggestions for food, drinks, or places of interest in Victoria.
The overall experience was great. The Canoe brewery can be loud on Friday and Saturday night. Bring some ear plugs. Otherwise, I would recommend the Waterfront Studio to anyone and I would return again.