If you want to stay smack-dab in the middle of Gent, where all the sights are in close proximity, then Edward's place is ideal. First off, it is high above the city on the 4th floor of the building with a great view. It also has a balcony on the 5th floor to make it even better! To enjoy the center of an ancient Belgian city, with steps from the water, the castle, and all kinds of conveniences (chocolate shop, check; bakery, check; waffle place, check, shopping, eating, sightseeing, check!) this is perfect. And the beds were very comfortable, too!
Two things to note: Edward's place is not accessible directly by car because the center of the city is essentially a pedestrian zone. This means you will need to park (Edward made a helpful suggestion) and then walk. The second issue is that the elevator to take you to the 4th floor is not very large, which makes it tricky to deal with a lot of luggage. So, travel light if possible, and take the train and the tram!
Highly recommended!