This is a great part of Venice to stay in. It is in one of the neighbourhoods away from the crowds. It is close to the vaparetto stop Fondamenta Nove and the grocery store. There are some great restaurants along the water and in the area which are very reasonably priced. There are also great bacaros frequented by locals. The other advantage staying in this area is that it is only a 9 minute vaparetto ride away.
The accommodations are perfect for 2 people. It is a little tight for 4 people but manageable.