The room was beautiful with windows overlooking one of the smaller canals. I spent a lot of time looking out the window, watching everyone paddle by on their gondolas. In the morning, it seemed to be a popular artery for boats dropping supplies off throughout the city. This meant that there was some noise, but it made the location even more special.
Most importantly, it was central to all of the main attractions in the city (a 15 minute or so walk) and about an 8 minute walk to the nearest canal bus that takes you to the train station. Highly recommend and would stay again when I return to Venice!