As other guests have stated, the location is very convenient to the train station (which has a grocery store inside), trams, restaurants, shopping, and it's an easy walk to the lake as well.
My only significant issue was the noise from the street (and occasionally from the neighbors, but admittedly I was there over New Year's so there was bound to be some partying into the wee hours). The noise from the cars and frequent ambulances kept me awake, so if you're not used to city noise, bring ear plugs. Mike was not as quick to respond as some other hosts I have stayed with, but when he did, he gave very thorough recommendations and was welcoming and enthusiastic. I recommend this stay mainly because of the proximity to the train station and the kitchen and laundry facilities, but deducted a star because of street noise (which obviously isn't Mike's fault, but is worth noting).