200m from the cathedral, you can explore the whole town by foot from the apartment and are still located in a very calm area. We learnt from local friends that this is the "in" area for living in Reykiavik.
The rooms are big and have big windows, there is a modern kitchen and we felt at home right away. A pity we could only stay a night before starting our round trip trough iceland.
We will come back if we can ! :-)