Real Estate

Hospital proximity vs home value

  • Last Updated:
  • Oct 12th, 2017 11:24 pm
Newbie
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Mar 7, 2007
98 posts
10 upvotes
I actually live very near a hospital (kitty corner) and ambulances slow and cut their sirens when they get within one block of the hospital. So, in fact, I never hear sirens at all but my neighbours a few blocks away (and beyond) would be hearing it loudly.
Deal Addict
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Dec 27, 2009
3379 posts
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Ottawa, ON
blitzforce wrote:
Oct 10th, 2017 10:58 am
Depends on the purchaser. Seniors would want to pay a premium for it while the younger generation may not like having a hospital nearby.
I can't see why anyone wouldn't want a hospital nearby? Shit happens to people of all ages. I would never want to live too far from a hospital.
Deal Addict
Nov 22, 2009
1717 posts
208 upvotes
Toronto
Chickinvic wrote:
Oct 12th, 2017 4:39 pm
I can't see why anyone wouldn't want a hospital nearby? Shit happens to people of all ages. I would never want to live too far from a hospital.
Young people wouldn't want people that are sick constantly walking around their dwelling. I am not sure how "nearby" you want. If it's within a few min drive, then it's good. If it's right next door like the Leslie station hospital, then I personally wouldn't want to live that close.
Deal Addict
Dec 5, 2009
4539 posts
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blitzforce wrote:
Oct 12th, 2017 4:43 pm
Young people wouldn't want people that are sick constantly walking around their dwelling. I am not sure how "nearby" you want. If it's within a few min drive, then it's good. If it's right next door like the Leslie station hospital, then I personally wouldn't want to live that close.
OP already said 5 minutes away.

Its like that with pretty much all amenities. It’s good to be close, but not right next door.
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Nov 22, 2009
1717 posts
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Toronto
fdl wrote:
Oct 12th, 2017 5:56 pm
OP already said 5 minutes away.

Its like that with pretty much all amenities. It’s good to be close, but not right next door.
I wouldn't mind if a gym is right next door though.
Deal Addict
Dec 5, 2009
4539 posts
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blitzforce wrote:
Oct 12th, 2017 5:59 pm
I wouldn't mind if a gym is right next door though.
Fair enough but i would bet most people would not want to be right next door to a public place like that due to traffic , noise, etc. Being a few minutes away is preferable.
Jr. Member
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Jul 18, 2007
103 posts
13 upvotes
London
blitzforce wrote:
Oct 12th, 2017 5:59 pm
I wouldn't mind if a gym is right next door though.
If it's a new hospital, it might have a gym.

if you're open to renting part of your property, hospital workers make good tenants from my experience.
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Dec 12, 2009
2256 posts
692 upvotes
Toronto
Think power grid. Hospitals get priority when the power goes out.

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