We found an almost-to-good-to be-true deal: the Victoria Regent for 99 Canadian dollars + tax per night. Are there any really undesirable rooms ( next to the trash compactor, or next to a highway, etc ) ?
You won't be next to the highway as the hotel is bordered on one side by a narrow(ish) street and on the other by the water. You'll definitely get noise from incoming boats and float planes no matter what the room.
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