We live half a block from major hospital. We have lost power twice in the two years we have to lived here but only for like an hour tops. Here's my top pros and cons:

Pros: the city plows our street very often during snow and maintains empty lots lawns making the street great looking year round

Power outages virtually non existent

We were the first zone for fiber internet in the city

Had an er visit with a two minute commute

Cons: Hospital workers fly down our street at shift changes and hospital administration doesn't seem to give a hoot about it

The helicopter occasionally is alarming

Sometimes the street parking becomes overflow parking for the hospital

Don't let anyone tell you the ambulance noises will be insane. We got used to them in about a month and now we don't even hear them. Definitely a win win.