First, the good: the room was clean and reasonably well maintained. We had no concerns about bedbugs, dirt, or general cleanliness. The accommodations were quite spartan, but acceptable for a quick overnight stay.
The main problem was the surrounding neighbourhood. There were many homeless people and transients nearby, and even though our room was on the sixth floor, we could still hear people outside shouting and swearing at various hours of the day and night. As a solo traveller, I probably would have rolled with the punches, but I was travelling with my 11-year-old daughter and did not feel entirely comfortable.
For a brief, inexpensive overnight stay in Toronto, it may be adequate, but it is definitely not for the faint of heart and would not be my first choice for families.