I was visiting Fredericton for a week and stayed here. Location-wise was great. For reference, it took me 20 mins to walk to Kings Place, 15 mins to Picaroons, and around an hour on the trail to Maybee Brew.
Compared to the photos, there is now a full size fridge, TV, and the sofa is larger. Fairly spacious studio and the bed was comfortable to me (I sleep firm).
I think you get the best value for a stay here but don't expect luxury. The carpentry has a DIY feel which shows in the details. Again this isn't a knock on the place but it's something that is fairly noticeable.