27 Breakwater Cove

Property Overview: 27 Breakwater Cove, Island Lakes

Key Characteristics & Appeal

This two-storey home in Island Lakes is defined by its generous scale and premium lot. With 2,843 sqft of living space, it sits in the top 1% of homes in the neighbourhood and citywide for size. The property is further distinguished by a large, 15,880 sqft lot, placing it in the top 1% locally, offering significant outdoor space. Key features include an attached garage and a renovated basement. Built in 1985, it is older than most in Island Lakes but is comparable to the average citywide home.

The primary appeal lies in its established, roomy footprint on a substantial and rare parcel of land within a mature neighbourhood. It suits buyers looking for space over new construction—growing families, multi-generational households, or those who value larger gardens and privacy. The renovated basement adds functional living space. Its elite rankings for size and land area suggest a property that offers what many newer subdivisions cannot: established character and ample room to grow, both inside and out.

Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value is a municipal figure for tax purposes and is often different from market value. The last recorded sale in late 2023 was in the $855k-$885k range, which is a more current indicator of its market worth.

2. Is the older build year (1985) a concern for Island Lakes?
While newer than the Winnipeg average, this home is older than most in Island Lakes. This typically means mature landscaping and established infrastructure, but buyers should prioritize a thorough inspection to understand the condition of major systems like roof, windows, and plumbing.

3. What does the "top 1%" ranking for land area practically mean?
With a lot nearly 16,000 sqft, you have significantly more yard space than the typical Island Lakes property (avg. ~6,400 sqft). This allows for potential additions like a large deck, garden, play area, or even future outbuildings, subject to city bylaws.

4. Are there any known issues with the property?
The listing does not specify. We recommend reviewing the property disclosure statement, ordering a professional home inspection, and verifying the status of the basement renovation (permits, moisture control) to make a fully informed decision.

5. Can I get the exact historical sale prices?
Exact sold prices are not publicly posted. You can request this information directly via the "Get exact sold price history" feature on the listing page, and the team will provide it manually by email.