Chad's loft is in a perfect location for exploring Victoria on foot. We were there for 4 days & were able to see everything we had planned. The only public transit we took was a water taxi from the Empress to Fisherman's Wharf & a shuttle bus to Butchart. The rest of the city is easily explorable on foot from the Airbnb (Beacon Hill Park, Downtown, Chinatown, the Wharf, the breakwater point, etc). We even popped back a couple of times in the middle of the day because it was so convenient.
Inside the loft, the bed & couch are comfortable, and the apartment is stocked with all of the basic supplies you need. If we went back to Victoria we would happily rent this place again.
The only issue we ran into was with the exit door closest to the apartment (it is how you get down to the dumpsters). The door locks behind you, which wouldn't be a big deal if the bottom wasn't blocked off with 2 construction fences. We didn't have the keys with us because we thought it was a regular exit (no sign indicating otherwise) and didn't want to risk a $100 fee for losing them (you use keycodes for the entrance). We got locked in the stairwell & then in the construction zone, and had to have the owner of the building next door let us out of the fenced in area. So, if there isn't a sign on the door to warn you, just be sure to use the elevator or exit door at the far end of the hallway (or carry the keys with you) & you should be fine.