Not fancy but well maintained in a good location. Can typically get rates a fraction of what the hotels in the core of downtown are and this really isn't that far away from the core. 10 minute walk to Dundas Square and 20-25 minute to Front St.
Stay here just about every time I go to Toronto and have always been happy with it and the selection of places to eat nearby. In addition it might have the fastest wifi I've ever had in a hotel. Not sure what they are doing to make it so fast but its a rare hotel where I can stream netflix and this place didn't even blink.