Determining the proper location of bus stops is an important planning decision in the transit planning field. While previous efforts in the literature have suggested several advantages and disadvantages regarding certain bus stop placements, there has been little effort towards understanding the impacts of bus stop location on the transit system performance at the stop level of analysis. This article aims to evaluate the impact of bus stop location on bus stop time and stop time variation. It uses stop-level data collected from the Société de transport de Montréal (STM)'s automatic vehicle location (AVL) and automatic passenger count (APC) systems, in Montréal, Canada. The study findings show that stop times occurring on the near side of intersections are in average 4.2 to 5.0 seconds slower than stop times occurring on the far side of intersections, with no impact on stop time variation. A validation model is utilized to confirm the impacts of bus stop placements on stop time, using data from TriMet's automated bus dispatch system, in Portland, Oregon. This study offers transit planners and policy makers a better understanding of the effects of bus stop location on stop time and its variation in order to improve service quality while minimizing service variation at the stop level.