This was a great location in the Saint-Jean-Baptiste area. It took maybe 15 minutes to walk from the train/bus station, and even less time to get to the parliament bolding and Vieux Quebec area. The Citadel and Plains of Abraham are easily accessible, as well. The place is just down the street from an area of Rue St Jean that has some really cool restaurants and shops.
You have the whole place to yourself, so you can cook, hang out, or whatever you want to do while you're there. The bathroom was a bit cramped, but definitely worked for me. The only complaint maybe is that it does get warm as I was there in the summer, but there were fans that helped with that.