This is a fantastic place for the price and in terms of value for money, having stayed in quite a few hotels both before and after living here for the past 2.5 years I can pretty much guarantee that this is the best value for money you will find in Toronto for the location.
There are a variety of rooms here, both hotel and Airbnb. The former are bigger, cheaper but less stylish and don't have a coffee maker or fridge. The building is old so you need to take this into account - you are not paying for perfection. Rooms on the upper floor benefit from the lack of noise from people walking above. Few rooms have any view, some lack storage. This one has storage but no view.
Everyone that works here is super friendly and helpful. The snow caused a leak in my bathroom and it was dealt with perfectly.
Breakfast, served between 6 and 9am is excellent. There is WiFi and a computer if you need it.
The area is perfectly safe and is close to public transport routes and to Yonge Street and it's many shops and restaurants.
Toronto has a huge housing problem and many homeless people. Apartments that are exclusively rented out to Airbnb occupiers contribute hugely towards this problem. By staying here you are acting positively to reduce that impact.
I really can't recommend this place highly enough.