Georgios's apartment was beautiful! Very clean and well equipped. There is a nice view from the balcony, but if you go up to the roof (whole building access) you can see all of Chania, the port, and the ocean. It was absolutely amazing!
We had small issues over the wifi but Georgios was always available to talk to and he helped us out the best he could. Make sure you are aware how much internet is available so you don't go over the megabite limit. When traveling in Greece for even a small amount of time I highly recommend getting a SIM card. They are cheap and available at the airport and phone stores in bigger cities. This way you avoid problems of trying to find wifi.
There is a fair amount of hot water for showers. It runs off a solar heater so if there are many guests in the room plan accordingly! This is consistent with most of Greece. If there are lots of people taking long showers, it won't be warm - that's just how it goes!
As for the area, the apartment is a five minute walk from the old port. There are many restaurants shops and entertainment. The location is definitely five stars.