It is definetly a good use of the tiny space. The place is well equiped and in a great location, albeit quite noisy at night, especially on the weekends.
The only negative I found was the bed, it was an old, thin, spring matress that I couldn't sleep on, I felt every spring.
I actually slept on the fouton couch and found that much more comfortable.
A good spot overall and a really nice host.