I've stayed at a LOT of AirBnb's all over the world (Mexico, Cape Town, Ottawa, Portland to name a few). I also lived in Toronto for a decade.
Location: This is a truly excellent location. The King streetcar is right outside the door. You have restaurants, a convenience store, a liquor store and a grocery store near by. You are close to downtown for the touristy stuff, but also near the cool west end arts/culture/food areas. You are also within walking distance of the CNE and TFC. And if you have business in Liberty Village, this location is excellent for you.
Apartment: It is average, to tell the truth. All the basics are there, but nothing more. The condo is about 10 years old, it is sparkling clean, and has good security. The shower is hot, and the beds are real. However... There is a lovely balcony, with no furniture to enjoy it. There is a TV but only bluetooth (which we couldn't get to work). There is instant coffee, but no coffee maker. There is laundry, but the machine is old and very, very loud.
In total, if you are looking for a decent place to lay your head, and will be out all day touristing/working, this is a solid spot. If you want a bit more comfort, and are willing/able to shell out a few more bucks, then there are probably better options around.