I loved staying here. I thought it would be loud because of the busy street out front; however, it was quiet and comfortable in my room. You are a 45 minute walk from the bay, and the town just to the North has an incredibly charming feel and pub.
The owners cook a fantastic breakfast, and will go out of their way to give you the best advice. It will save you a bit of $$$ from staying in the more bustling areas like Haymarket, but you will get really good advice from the owners no matter what you do.