There's a Studio 6 on Britannia near Kennedy, which is close to your specifications, as well as a low-end Hilton property (Garden Inn?) nearby on Traders Blvd, both of which I can vouch for.

There is also a Days Inn in the area which, if you can find a lower rate than the one offered on daysinn.com (relatively easy) will give you your first night free under the terms of their "Best Rate Guarantee" policy.