4 Mosswood Place – Property Summary
Key Characteristics & Appeal
This 1976-built home in Westdale offers 1,020 square feet of living space on a 3,399-square-foot lot. Its assessed value sits at $307,000. The property is notably well-ranked for its construction year—it’s the newest home on its street (top 6%) and falls within the top 2% of homes built in the neighbourhood. Living area is around average for the street and neighbourhood, but below citywide averages for comparable homes. The lot size is smaller than typical for the area and the city, which is the trade-off for a newer build in an established street. The assessed value is a bit above the street average but aligns closely with the neighbourhood median, suggesting the home is priced in step with its immediate surroundings.
Appeal lies in getting a newer home without leaving a mature, built-out neighbourhood. Buyers who prioritize modern construction and lower maintenance over a large yard will find this property most fitting. It also suits those who want a home that already ranks well locally for its age, potentially offering better long-term resale positioning within Westdale.
Frequently Asked Questions
1. How does the living space compare to other homes nearby?
At 1,020 square feet, it’s slightly above the street average of 949 sqft and essentially on par with the neighbourhood average of 1,029 sqft. Citywide, it’s smaller than the typical comparable home (1,342 sqft).
2. The lot is only 3,399 square feet—is that a problem?
It depends on your needs. This is a smaller lot, ranking in the bottom quarter on the street and bottom third in the neighbourhood. For buyers seeking a large garden or room for additions, it’s a limitation. For those wanting less yard work or a more compact footprint, it’s a feature.
3. How does the assessed value compare to what similar homes sell for?
The assessment of $307,000 is above the street average ($287.2k) but aligns closely with the neighbourhood average ($307.4k). Remember, assessed value isn’t the same as market price, but it gives a reasonable baseline for comparison within the area.
4. Why is the construction year highlighted?
In a neighbourhood where the average home was built in 1971, this property is one of the newest on the street (1976) and ranks elite within Westdale (top 2% of home ages). Newer construction often means more modern building standards, insulation, and mechanical systems, which can appeal to buyers who want to avoid immediate major renovations.
5. Is there a way to see how this property compares to specific nearby houses?
Yes. The neighbourhood map analysis available through the property page allows you to view this home in relation to nearby houses, comparing year built, living area, assessed value, and lot size in detail.