It is in the heart of the Toronto downtown, near Richmond & Spadina, next to the old & new City Hall. Definitely disagree with GP, I'm not sure what better area you would pick (but I love downtown). Similarly in Taipei, the Google office is right in Taipei 101 (like having an office in CN Tower - very cool.)
To be fair, Amazon's office in Toronto is next to the CN Tower and has a great view of it - so maybe Amazon takes the cake here. You have to pay for the cake though.