Stopped in for the first time last Saturday in the morning. Very happy with the experience! I think in terms of value for the amount you pay for, Waffallonia really wins out. I got the waffle with nutella and banana (who knows what it's actually called). The waffle itself was the perfect texture: a little crisp on the outside and chewy (in a good way) on the inside. They slathered it really generously with nutella and put an entire sliced banana on top. For less than $5, that's pretty great.
The shop is as small as it looks - we had enough room to sit, but there are some nice benches just a little ways down Murray. If the shop had been crowded, we'd probably have gone there to eat. There's only room for 6 people to sit.