What’s In YOUR Backyard?

Remember the video I showed you a few years back with the GO Train running right behind the back fence of a home in Scarborough?

Well, I think I might be able to one-up that scenario.

I don’t want to spoil the surprise, so check the video below.

And let me know whether this is worse than the train, and how much you think this house should be discounted…

Well, what do you think?

First of all, I suppose I should ask, “Does this bother you?”

But I honestly can’t see any scenario in which a would-be buyer isn’t at least somewhat bothered by the 1,000 acre plot of ready-to-go land that sits mere feet from the back deck of this home.

If you fast-forward ten years, and that acerage is filled with 1,500 homes, then you, as the home-owner of the property in the video, wouldn’t mind.

But what has to transpire to get to that point?

lot of trucks and people moving about!

Years and years of “beeeeeeep…..beeeeeeep…..beeeeeeep,” plus just about every single sound you could expect to hear on a construction site, all at your back door!

So what’s worse: the vacant plot of land about to be developed, or the Go Train?

For those of you that didn’t see the video, have a look:

10 Comments

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  1. Condodweller says:

    For me to put up with the years worth of construction both noise and dust it would have to be significantly discounted and I would expect my agent to do the homework on exactly what is going to be built right next to me. The ground was leveled off therefore I presume it’s been decided what’s going in there and whether it’s another house or a strip mall or worse etc.

  2. Ralph Cramdown says:

    Ooh, looks like David is about to get pantsed by a high-commission life insurance salesman! Don’t do it! The life insurance guy is the one who ends up on the sailboat.

  3. Appraiser says:

    In appraisal parlance the railway tracks are considered to be a negative externality. Much the same as living near an airport, busy highway or meat rendering plant. When a negative externality affects the value of a property, the process is known as economic depreciation.

    Externalities are an important consideration in cost-benefit analysis.

  4. Jayne says:

    It will be a nightmare for those who work the night shift, when construction starts.

  5. Max says:

    I’d rather have the vacant plot if land. At least it won’t be a Train track. Construction would only be short term same like for anyone living downtown close to the construction of new condos.

    1. Tommy says:

      Agreed.

      1. Geoff says:

        It’s not just the construction period though, it’s the post-construction period. The increased traffic from cars. The loud parties from closeby neighbours. The dogs barking in the backyard….. I’ll take a go train 2x a day (note: not a subway!) anytime. And did, for 5 years.

        1. jeff316 says:

          Agreed. The GO Train is only bad if you’re working from home all the time, or at home not working at all. Otherwise, it is a minimal annoyance.

          1. Max says:

            Even when they start having all day service? I don’t want Things in my house vibrating every 10-15 min with a train. I also heard they affect cell phone signals. Living next to a go train station is probably convenient, but backing into tracks is something different. And the carcinogens from the locomotive. Do you want your child playing in the backyard inhaling that stuff?

        2. Daniel says:

          i find this one interesting. Most people are totally happy to buy a house in a neighbourhood with their backyard backing onto others’ yards. When the houses are being built new then the prospect of having neighbours is terrible.

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