The hostel is comfortable, clean, it offers many services that other hostels don't offer (bikes, towels, umbrellas, PS, etc., all for free), and even though it's not so close to downtown, it's 1 block from Summit St, where you can take bus #4, and a few blocks from N High St, which is full of pubs and stores just a few minutes away.
Most important for me was the attention. Robbie is a really cool guy, always ready to help with anything I needed. I highly recommend this hostel.