This is definitely a room with a view! On Google maps it doesn't look like it's on the Grand Canal, but be sure: it is! We went in December and appreciated the good heating in the apartment, it was nice and cosy with perfect temperatures, also in the (very spacious) bathroom.
Beds and mattresses are very good for a sound sleep. On the other side of the canal is a water taxi station and the canal is the "main road" so of course it's not totally quiet. If you close the windows it's ok, there are also curtains if you don't like the lights.
Kitchen equipment is alright for cooking, but we ate on the bedroom table because the view from there is so nice.
We found the shower a bit complicated and the wifi was not really great, but this centrally located place is definitely worth a visit - and Venice always is, anyway.