Property Investment Question / Opinion

[Richard Huynh]

Hello,

I'm in the middle of an real estate deal and would like some opinions from the experts and experienced investors here.

Pros,

Located near Transit.  Minutes from bus routes that connects to the train which connects to major parts of the city.

Ideal Location - located in a mature neighborhood surrounded by several desirable schools.

Near local amenities such as a shopping malls and leisure centers.

Home setup is desirable - top level and potential legal basement for dual income

Home is in rough shape and can add value to it (BRRRR method) which is what I want.

Alley and Garage parking.

Cons - Located on two main roads

There is street parking in front of the home (2 lanes of traffic both ways).  The other main road is adjacent and has other homes on that side so not truly on two main roads but close enough.  When inside, was not able to hear any oncoming traffic (was inside for about an hour).  Living room is closest to the road and bedrooms on the opposite of the home. 

When updating the home, can add soundproofing to reduce potential noise.

LRT is located on the adjacent main road.  Did not notice any sounds.

Main road properties might have a lower refinance and sell value (not sure on this and would like more advice).

So I would like your opinion on this property.  Is there anything I'm missing with my analysis?  Is this worth it? Is it harder to find tenants?  

Thank you in advance for the advice and information.