[StueyT]

"Watashi no ie wa toori no chikaku ni arimasu"

My house is close to the street/road

watashi = I watashi no= My - No is a particle indicating possession
ie = House
Toori = Street
Chikaku=Close to/Vicinity of
Toori no chikaku - The street's vicinity
ni arimasu = Exists there

"Boku no ie wa toori kara tooku ni arimasu"

My house is far away from the street/road

Boku = another less formal way of saying 'I'
Kara = Particle indicating 'From'
Tooku = Far, but usually 'Tooi' would be used (I think). Tooku is a form of Tooi
Toori kara Tooku = Literally 'From the Street, Far'