As Aaryn has described in her add on AirBnB you get exactly what she has offered! The place is super close to the Eaton Center ( 10 min walk ) and a good home base for a short stays. I myself stayed a bit longer as I was moving to Toronto and had the place for 5 weeks, in terms of short stay this place is great but long stay I would hesitate if you're someone who wants to cook daily and entertain guests. Not a lot of storage room for food, minimal pots/pans and items to cook with and I didn't find the couch comfortable to lay back on and enjoy an afternoon of lounging.
In terms of noise level, you can hear EVERYTHING in this place .. people walking, talking, others TVs and if you're a light sleeper it would be tough to get any rest there. Luckily I can sleep through most noise so it wasn't an issue for me.
All in all i would absolutely stay here again for a short stay as you can't beat the location, its cleanliness and just all around it's an adorable spot to crash.