location, location, location!
July 3, 2009 8:31 AM
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Am considering buying a house both on a bus route/busyish street and a few houses down from a school. What should I be aware of before I make this purchase?
Found a very reasonably priced house in downtown toronto - almost TOO reasonable. One of the reasons is that it right next to the pretty tree lined streets, but it is itself on a decently-busy street. Not afraid to cross the road busy, but one lane each way, wait for a couple cars to pass busy. On that road is a bus. While I know this drops the price, I actually think this is convenient and will help in my commute to work, but I was wondering if anyone had any thoughts both positive or negative about living on a busy-ish street with a bus route.
As well, another positive (or negative) is that the house is a couple doors down from a school, kindergarden to grade 6. While this would be very convenient when we have kids, is there anything we should worry about due to the proximity, or is there any way to effectively check out if this is brings bad elements out in the neighbourhood?
A third question - any idea how much these factors above would influence price (either percentage-wise, or something like 'greatly', 'hardly at all' would be helpful).
Other than those issues, we like everything about the place. So, should we be nervous about them? Thanks!
posted by evadery to home & garden (26 comments total)
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The value of this house probably reflects the reduction attributable to these factors, but perhaps you can use it to bargain down the price.
posted by Simon Barclay at 8:40 AM on July 3