Property score
82.0
Excellent
Overall 82.0 · Older than most nearby homes
1,626 sqft (bottom 49%) · Built in 1985 (10 yrs older than avg)
Located in a high-income area with median household income of ~106k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, and 3 parks nearby
Living Area
Near average
1% smaller than neighborhood avg.
Year Built
Below average
10 yrs older than neighborhood avg.
Mother tongue
English · 71%French · 5%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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82.0 is composed by the two sections below.
Property Score
Community Score
Island Lakes
How to read: Share of sales in each ~$50k price band for “island lakes” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110514
$106K
Median household income
$129K
Average household income
8%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
18%
Single-person households
31%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
55 Breakwater Cove — 4 amenities found within 500 m, across 2 categories, including 1 dining (nearest 321 m), 3 parks (nearest 298 m).
Island Lakes · WPS public data · 2026
Annual incidents
3
2026
vs. city avg
-90%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Violent
67%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 33% | Top 38% | Top 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 55 Breakwater Cove, Island Lakes
Key Characteristics & Appeal
This two-storey home at 55 Breakwater Cove is a study in contrasts, offering a unique value proposition within its sought-after Island Lakes neighbourhood. Built in 1985, the 1,626 sqft house sits on a truly standout lot—over 11,300 sqft of land, which ranks in the top 5% of the entire neighbourhood and top 4% city-wide. This generous, private outdoor space is the property's most defining asset. While the living area is modest compared to others on its street, it remains above the Winnipeg average and features a renovated basement. The attached garage and the home's mature setting in a quiet cul-de-sac add to its functional, family-oriented appeal.
Its primary draw is for the buyer who prioritizes land and long-term potential over immediate square footage. It suits a growing family seeking room for a playset, garden, or future expansion, or anyone who values expansive private outdoor space in a well-established community. The assessed value is above the city median but positioned as one of the more accessible entry points into this specific, well-regarded enclave, making it a strategic option for those targeting the Island Lakes area.
Frequently Asked Questions
1. How does the home’s size compare to its neighbours?
While its living space is below the average for Breakwater Cove itself, it is competitively sized when viewed across the broader Island Lakes neighbourhood and is notably larger than the typical Winnipeg home.
2. What does the "Elite" ranking for land area actually mean?
This indicates the lot size is exceptionally large, outperforming 95% of properties in Island Lakes and 96% of properties across Winnipeg. It is a rare find in the city for a standard residential lot.
3. The home was built in 1985. What should I consider?
The year suggests major components like the roof, windows, and mechanical systems (furnace, water heater) may be nearing or have reached their typical lifespans. A thorough inspection is advised, though the renovated basement shows some updates have been made.
4. The last sold price range shows a significant jump from the current assessed value. Why?
The sold price from late 2023 is a market transaction, while the $470k assessment is for municipal tax purposes, calculated using an older valuation model. The assessment indicates a strong tax-value foundation, but the recent sale price is a more direct indicator of current market value.
5. Is this a good investment for the area?
The property offers a compelling "worst house on the best street" dynamic. You are acquiring a premium lot in a stable neighbourhood with a home that has functional space and some updates. The value growth potential likely hinges more on the land and the opportunity for future improvements than on the current structure alone.
