Franco's place is right in the heart of Mile End, which is a great location, but also has the potential for noisiness. Franco did warn us about potential early-morning deliveries to the 24-hour business next door, and while that did happen, it did not bother us too much, since the truck was only there for about five minutes. However, because the business is open all night, there can be some noise from there that might disturb you. I don't see this being a problem if you are a heavy sleeper.
The trade-off is, like I said, a great location. We were in town to attend a concert at La Sala Rossa, which was very nearby, plus the Mile End neighbourhood is filled with great bars and nightlife. It is definitely nice to be near all these things. Franco can also give you information about where to go, and as an added bonus he may offer you some of his delicious gnocchi (I suggest taking him up on his offer; this was really great for us as we hadn't really had lunch and it was great to eat some hearty food before going out on the town).
Wifi worked well, and there was a tv with a few channels (but why would you want to stay in and watch tv?).