59 Breakwater Cove

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.