Five stars for the location and value, three stars for the property itself. The building is in a great location, it's on a side street, so its relatively quiet, but 1/2 a block from a busy street with a bus line, and a few blocks from a subway. You can walk to McGill, Mont Royal Park, and all over downtown. For three nights we paid just over $300, and that included breakfast (coffee, juice, pastries, cereal), and wifi (we didn't have to log in - we could use our iPads with no problem). We couldn't find a better price for the location unless we went the hostel route.
The property is a lovely house, if you have a problem with stairs, this will be tough for you. we were on the first floor, but we had to walk up a few stairs, through a door, then down some stairs to our room, and our bathtub was sort of in this closet where you walked up 3 steps to step down into the tub. No problem for us, but for folks who do not do stairs, this is tough. our room was huge - comfy bed, flat screen TV, nice bathroom with really great-smelling soap/shampoo. The carpet was a little dingy, and there were lots of "old house" sounds - and the plumbing for our shower was really loud for the person still in bed. The area outside our room had an odd smell too. Minor things, really, but sometimes a little annoying. The staff was really nice as well, and answered a few pre-stay Internet questions. I would for sure stay here again if I'm ever in Montreal!