We loved our stay here, so much so that we booked an extra night.
Yes the room is small, but perfectly adequate if you're smart about how you store your luggage.
The shared bathroom is lovely and spotlessly clean!
Downstairs there's toast, snacks, tea, coffee, water and soda for free all day which was an awesome bonus!
The nearest metro is less than 10 min walk and has 2 lines, and Taipei main station is less than 15 mins away too!