The strong point of this Klab House unit is its location. It is steps away from the piers and busy colonnade, and actually on the famous shopping steps. This is a great spot if you travel to Bellagio by passenger ferry. For us, we travelled by car and the unit comes with a generous parking garage 400m away (up those steps and uphill from there). That is a rarity in the old village, so thank you for this.
The weak points are: first, the marketing photos. Do not believe you have a terrace overlooking the lake. It is a 1-person balcony with no room for a chair. The terrace highlighted in the photo we did not even find until Day 2. Do not be misled that it is a convenient place for gathering or sunning. The flat was generous in coffee, laundry, towels (if you find the laundry room), but it should not be advertised with misleading photos. I should also mention that the air conditioning did not blow into the living/dining area, so it was useful only for sleeping, and was hot when we were there.
The other weak point, for such a neat and expensive conversion, was its IKEA furniture and kitchenware. We were embarrassed to have our guests up for an aperitif. The seating was awful. For the price paid, the furnishings should have been of higher quality.