Property score
79.2
Good
Overall 79.2 · Smaller and older than most nearby homes
1,481 sqft (bottom 30%) · 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
Below average
9% 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
79.2 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
59 Breakwater Cove — 4 amenities found within 500 m, across 2 categories, including 1 dining (nearest 308 m), 3 parks (nearest 306 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 1% | Bottom 41% | Top 30% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 4-level split home at 59 Breakwater Cove in Island Lakes presents a specific and compelling value proposition. Built in 1985, its primary standout feature is the exceptionally large, approximately 11,800 sqft lot, which ranks within the top 4% of properties in both the neighbourhood and city-wide. This offers rare potential for expansion, gardening, or outdoor recreation in a mature suburb. The living space (1,481 sqft) is modest compared to others on the street but aligns more closely with broader area and city averages. The home includes an attached garage and a renovated basement, adding functional living space. Its assessed value is notably above average city-wide, suggesting solid foundational value, though it is assessed below the average for its immediate cul-de-sac.
The appeal here is grounded in space and potential rather than sheer size. It suits a buyer who prioritizes a large, private yard over having the largest house on the block. It would be ideal for families seeking room to play and grow, or for those with future renovation or addition plans where land is the key constraint. The renovated basement and efficient layout offer move-in readiness, while the lot provides a long-term asset. It’s a practical choice for someone looking for a established, quiet neighbourhood (Island Lakes) with the bonus of an unusually generous piece of land.
Frequently Asked Questions
Is the lot size typical for Island Lakes?
No, it is exceptional. At 11,813 sqft, it is nearly double the neighbourhood average and places in the top 4% of all lots in Island Lakes and Winnipeg.
How does the home’s size compare to its neighbours?
The living area is below the average for Breakwater Cove itself, where homes are typically larger. However, it is much closer to the average size for the wider Island Lakes area and the city overall, indicating a more standard interior footprint on a much larger-than-standard lot.
What does the above-average city-wide assessed value indicate?
While its assessment is around average for Island Lakes, being above average city-wide suggests the property holds inherent value, likely buoyed by factors like its substantial lot size and the desirability of the neighbourhood, even if the structure itself is not the largest.
The home sold in mid-2020. What context is important for that sale price?
The listed sold price range (39.50k ~ 42.50k) reflects the market conditions of June 2020. It is crucial to compare this to current assessments and market activity, as values have shifted significantly in many areas since that time.
Is the 4-level split layout efficient?
A 4-level split can offer good separation of living and sleeping areas, often with a distinct entry level. The renovated basement adds usable space. This layout suits those who prefer defined, multi-level living spaces over a more open-concept, single-level design.
