We were very unsure of the location before we arrived. We were afraid that we'd be too far from the main square, but his really was the perfect location. It is out of the hustler and bustle of tourist traffic. Walking distance to train station and major attractions. Close to less traveled and less expensive restaurants. It was fun being right on a Canal to watch boats and gondola glide by.
The room itself is very small but it's fine if you plan to spend most of your day exploring the city. There's NO WIFI. The room has a musty, smoky smell but it's okay if you open the windows.
The bed was quite small but comfortable EXCEPT we suspect bed bugs. We woke up with bites all over.