We couldn't recommend Monique's house enough. It's on a residential street, but only a couple hundred metres from a really lively street, full of bars and restaurants, and which has excellent public transport links (tram and bus). If, like us, you want to avoid having downtown Toronto as your base, this is perfect.
The accommodation itself is great. All modern facilities, a comfortable bed, private kitchenette and bathroom. It suited us perfectly.
There is a separate entrance to the apartment inside the front door, you can easily come and go as you please without disrupting the owners (providing you aren't too rowdy!) We did meet them once during our stay and they are really lovely, very gracious hosts.
In short, stay here if you get the chance!