The first thing you need to know about this place are the ceilings are low. I'm just under 6' and was scraping my head on the bulkheads, if you're any taller, you probably want to look somewhere else.
The space is nicely decorated though and we slept really well on the bed.
You will hear footsteps from upstairs, if you're a light sleeper that might bother you but there's not much the owners can do about it!
The other concern we had was privacy as neither the main door nor the window in the living area had a blind.
Location wise, you're only a 3 minute walk to the tram stop which is handy (30-45 mins to the city) or a 15 minute Uber ride ($10-15). There is also a bunch of cafes and small grocery stores within a few minutes walk.
Just a final note on parking, Shannon booked a visitor permit for us which was great and we had no trouble finding parking spots. They do cost $23 for the week though which wasn't mentioned on the listing, I'm guessing for most people it's not a problem but my be of interest to others.