40 Mosswood Place – Property Summary

Key Characteristics & Buyer Fit

This is a compact, well-maintained home built in 1976, located on a quiet street in Winnipeg’s Westdale neighbourhood. The living area is 1,032 sqft, which is modest by city standards but actually sits above average for homes on Mosswood Place itself. The lot is just under 4,660 sqft, which is fairly typical for the street and the area—nothing oversized, but not cramped either.

What stands out most is the assessed value. At $323k, this property ranks first on its street and sits well above the local street average of $287k. That suggests it’s been well cared for or upgraded relative to its immediate neighbours. The build year (1976) also ranks top on the street and is in the top 2% for the entire Westdale neighbourhood, meaning newer construction is rare in this pocket. For buyers who value a home that’s not the oldest on the block, that’s a meaningful advantage.

The appeal here is subtle. It’s not a showpiece or a fixer-upper, but rather a solid, middle-of-the-road home that punches above its weight within its immediate street context. It would suit a first-time buyer who wants something turnkey but not flashy, or someone downsizing who still wants a manageable yard and a quieter street without moving to a suburb. It’s also a decent option for an investor looking for a property with good value retention relative to its immediate neighbours, given the favourable assessment ranking.

Five Possible FAQs

1. How does the living space compare to other homes nearby?
The 1,032 sqft living area is above average for Mosswood Place (where the average is 949 sqft) but slightly below the Westdale neighbourhood average of 1,029 sqft and well below the citywide average of 1,342 sqft. So it’s a tighter floor plan than many homes in the broader market, but it’s actually generous for its own street.

2. Is this a good street for resale value?
The property ranks first on Mosswood Place for both assessed value and year built, which suggests it’s one of the stronger homes on the street. That can help with resale, especially if neighbouring homes are older or less maintained. However, the street itself is small (16 comparable homes), so local factors can shift quickly.

3. What’s the lot like—is it usable?
The lot is 4,659 sqft, which is around average for both the street and the neighbourhood. It’s not a sprawling yard, but it’s also not a postage stamp. You’d have room for a small garden, a patio, or some play space, but don’t expect a big backyard for large gatherings.

4. How does the assessed value relate to the actual market price?
Assessed value isn’t the same as market price, but it does reflect how the city estimates the property’s worth relative to others. A value of $323k is well above the street average of $287k, which can be a sign of upgrades or better condition. That said, buyers should still compare it to recent sales in the area—assessments can lag behind market trends.

5. What kind of neighbourhood is Westdale like?
Westdale is an established area with a mix of older and moderately newer homes. The fact that this property ranks in the top 2% of the neighbourhood for year built means it’s newer than most of its neighbours. It’s a stable, family-oriented area, not a trendy or rapidly developing one. If you want walkable amenities or nightlife, this probably isn’t it—but if you value a quiet, settled community with decent access to the rest of the city, it fits.