There are several advantages and disadvantages to consider when buying property in the village of Champlain, New York.

Advantages:
1. Location: Champlain is conveniently located near the Canadian border, making it a great spot for cross-border travel and commerce.
2. Affordability: Champlain is a relatively small village, which means that property prices are often lower than in larger cities.
3. Quality of life: Champlain is a peaceful, friendly, and tight-knit community that has a lot to offer in terms of quality of life. There are several parks and recreational areas, as well as shops and restaurants that provide great amenities for families.
4. Investment potential: Champlain has seen growth in its economy recently and might have opportunities for real estate investors.

Disadvantages:
1. Weather: The village gets hit by cold weather, snow, and ice during the winter months, which could lead to some additional costs during winter maintenance if you own a property there.
2. Limited job opportunities: The village of Champlain has a small population, and job opportunities might be limited compared to larger cities.
3. Lack of big-city amenities: Champlain is a small village, and although it has many small businesses and retailers, it lacks the level of variety and selection that bigger cities provide.
4. Limited appeal: Champlain might not appeal to everyone, as some people prefer larger cities and more extensive amenities.

Overall, Champlain has its ups and downs, but it is an excellent option for those who seek a peaceful and affordable quality of life, and opportunities are available for real estate investment.