My husband and I have both backpacked throughout the world, and we agreed this was one of the best hostels we've stayed at. Keep in mind this is a hostel - not a five-star hotel - but it's the little things that make it such a cool spot; Warmth from repurposed wood, cleanliness without being clinical, friendly little kitchen, local bread and eggs for breakfast, an open, welcoming feel. Very conducive to having a local brew and meeting other travellers.
We went with a private room - huge, super comfy bed, private washbasin, lots of space and natural light. The bathrooms were particularly impressive. Again - it's a hostel, but the showers were large with secondary curtains for privacy, and super clean.
Parking was short on the street but there's a nifty hostel-only space behind the Crash Pad. The neighbourhood is a downtown area that is clearly in the midst of being revitalized. Some great little bars and such near-by. In particular, the Flying Squirrel right next door has phenomenal cocktails (for $5 on a Wednesday night - SCORE!)
Kudos and high fives to Jordan, who was manning the front desk during our stay. Super friendly, genuinely helpful guy. Would highly recommend this spot.