Michele's place is located just minutes from the Arsenale station. The room was larger than expected and the kitchen had more amenities than anticipated (coffee maker, toaster oven). There are also two balconies. Our stay was very comfortable as there was only one another couple staying. Bathrooms are large and clean. Our room was equipped with a sink which made the whole shared bathroom thing easier. I definitely recommend Michele's place if you don't mind being a bit further out from the main square.
TIP: download Google maps and make available offline while in Italy/Venice. Michele's directions to his home were not very clear to us, so using google maps would have probably been easier.
RESTAURANT: We ate at Taverna Scalinetto, which was delicious, nearby and reasonably GROCERY STORE: Because Venice is expensive! 'Simply Market' on Fondamenta S. Giorgio Schiavoni. And don't forget to bring your own reusable bag!