We stayed at Mike's place as a family of four (2 kids -- 3 1/2, 15 month old). The location is fantastic. It's downtown and very close to the subway (less than 10 minute walk), as well as very close to College St, where you can find plenty of shops and restaurants. If you're so inclined you could walk to the CN Tower in less than an hour. There are also many parks nearby which is great if you have kids.
Although it has a central location, it's also very quiet. It's on a calm one-way street (which limits traffic). The backyard is fantastic and great for entertaining. We spent a few afternoons in the backyard patio, covered by a beautiful grape tree with kids playing in the pool.
The house itself is very comfortable. If you enjoy cooking the kitchen comes fully equipped. A nice touch was that there were items in the pantry and fridge available for use. The bedrooms were all well sized and the bathroom has a great shower.
Overall, we would easily stay here again!