The best hotel for your money. This place is perfect for the fun and adventurous traveler. If you are the type that likes to rise early and go to bed late or even sleep in because you went to bed late, then this hotel is for you. It is conveniently located within walking distances to lots of great Toronto spots, bars, things to see and things to do. It is close to the public transportation too.
I travel budget most often, that way I can travel more and I personally thought this hotel was pretty cool for being a budget traveler type place. They seemed to cater to the modern possibly younger type traveler. They had flat screens, wood laminate floors and more modern simple furniture. We booked a room for 3 of us and it actually had 3 beds in the room and fit us quite comfortably. I think you are able to get a room that can hold more guests too and it won't hurt your travel budget, this is a great selling point if you were to head to Canada with a big group of friends for a fun/party weekend.
If this place had free internet and possibly a gift store or snack shop type place rather than their crappy restaurant that no one should eat at, then this place would get 5 stars easily.