Hey @NickK, I can not comment on the resale values. But, I grew up living across the street from the park and it was fantastic as a kid.
That said, I just purchased a house a block away from two different parks and I prefer it. I like having a park near by, while having houses and a tree canopy across the street. I feel that it gives the street more of a "homey" feeling.
So, my demand would be to be near a park but not across from one.
Hope that gave you some insight?

In terms of re sale it would have the same effect as a pool - for some people it would be great and they would pay a premium - for others though it may be a real negative. Buyer beware would be my advice!

Hi Nick,
Having a park close by is a huge plus for resale. Given that you seem to have the option to buy right across from the park or just half a block away or so I would opt for slightly down the street. Gordon mentioned having a pool in ones home and how that can be good for one buyer and not for another so it's the same with a park. Some people will think it could be too busy. Therefore if you're close to a park instead of across the street, upon resale your home will appeal to everyone. It will have the park close by and it won't be as noisy as being across the street.
Good luck.

Thanks everyone for your recommendations - extremely helpful and very much appreciated!!!

It all depends on the type of park youre talking about if its something like ravine type park than than all the power to you my friend as those are always paid, and sold for a premium price.
If its a regular park than it might not be appealing to all buyers, but for resale purposes its still considered a plus.

Gererally being across from a park is better than being across from a row of houses. People like that.

They also like "no neighbours in the back": meaning having a field, park, ravine or golf course in the back. It's adds to privacy.

Mostly a pool is considered a negative. Some people hate them. And, it's too expensive to fill in an inground pool.

Also, corner lots/houses are not good either.

I think backing on to a park or across from a park is a plus to many, however if the park is connected to a school or community centre than it could be a big drawback due to noise and traffic.

Being on a golf course is a personal preference. There's the prestige aspect and it's nice to look at a nicely manicured landscape, though there are alsothe annoyance and damage due to flying golf balls.

Ravines or protected wilderness areas are I think the best, but some don't like the wildlife and bugs that are associated with them.

Pools are a definite negative due to liability and maintenance.

Houses on corner lots are a hit or miss to certain buyers.
Some don't like them because there's less privacy, especially if it's on a busy intersection, and if it has a sidewalk there's twice as much to shovel.
Some like them because you don't feel boxed in by neighbours on either sides, the house has more light/windows/views, it gives the house a more stately appearance or presence (especially if the garage could be tucked around the side), and the lot tends to be larger.
Some agents say homes on corner lots sell for less, but I don't think it's really true. Yes, it could sell for less but it could sell for more depending on the buyer. I personally prefer homes on corner lots.

Thanks so much everyone for your advice.  Having heard all the pros and cons, I think I will stay away from being across the park.  The drunken teenagers scare me!

Hello: Maybe you should share with us where this property is and how big the park is. Not all parks have "drunken teenagers" in them. Some are lovely, small parks where normal, quiet people take walks, walk their dogs, etc.

In the real eatateprofession, a park is considered a plus.

Cheers!

I am considering getting a premium lot facing a soccer field, which is part of a small park.  I don't think the field would be lit (i.e., no bright lights in the evening).  Considering that there would be heightened traffic when pee-wee games are playing, would you say that the location is still a plus?

One major bonus about facing a park that nobody has mentioned here is that it will likely prevent any developments from going up directly across from you. A space that is zoned for park use is extremely unlikely to have towers built on it. Yes you might pay somewhat of a premium for the view, but that translates to resale value as well. 

Whether you're looking to purchase as an end-user or an investor, it's also a great perk for families to have park space nearby. 

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