Originally Posted by SteveCo
Wow. I wish had known of this study 8 years ago. The interchange at kensignton would basically leave my house the last one on my block, right under the overpass. I always suspected this, but it's really interesting to see the drawings. I know that the city already owns and rents out all the properties up to mine on westmount road, and have for a very long time.
I can totally understand the nimbyism associated with projects such as these, as it would probably reduce my property value. I will, however be moving at the end of the year, so I won't have to worry about it anymore.
You might have to worry if you sell & don't disclose to the new buyers that you know about this interchange that was proposed in the 1970s over (or near) the property. Even if this type of intersection doesn't get built, and even if your reason for selling has nothing to do with what you know about future Crowchild changes, if a similar Crowchild widening or new Crowchild intersections happens to them & it surprises them & it kills the value of the property, and then they (or their lawyers) find this thread .... You're ass could be dragged in front of a judge. You can't rely on 'client confidentiality' between you and your realtor, because everyone involved in the transaction has to show they made full disclosure.
Everyone reading here knows that if you buy within 5 blocks of Crowchild, you should be prepared for another round of expropriations to widen Crowchild from 24th Ave N to 24th Ave S sometime in the next few decades.
Even if you're just doing a flip & won't living in the area after a year (and you sell before the general public knows of the Crowchild expansion plans), because you know TODAY that Crowchild has potential for expansion which will effect the value of the property, you have to disclose what you know to the future buyers.
Caveat Emptor works both ways.