Great location and the balcony looking down to the canal is the highlight. Even if the weather is bad, sitting down in the balcony and watching gondolas passing by is a really good way to enjoy Venice. The location is just perfect, it is walkable everywhere and it's most important if you want to make it early for the queue to San Marco basilica because it is just 2 mins from the flat. There are restaurants nearby or supermarket is just 5-10 minutes walk.