2553 Wallace Cres, Vancouver, BC

A freehold property, built 1940 on a 776 m² R1-1 lot with a rear lane. Newer than 56% of the buildings on Wallace Cres.

Assessed 2026
$3,027,000
Zoning
R1-1
Lot
≈ 776 m²
Built
1940
2 to check6 notes2 clear
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What the records show for 2553 Wallace Cres

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Street view

About 2553 Wallace Cres

Assessed at $3,027,000 for 2026 (−14% on 2025). Assessed higher than 63% of the houses on Wallace Cres. The land is 95% of the value. The lot is larger than 91% of the lots in West Point Grey. School catchment: Queen Mary Elementary and Byng Secondary.

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Each finding explained, full permit and value history, questions for the seller and a PDF for your agent.
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Assessment history of 2553 Wallace Cres

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2026$3,027,000
Down 7% since 2021
20202026

Permits on this lot · none since 2017

The City has issued no building permits for this lot since 2017.

The lot and zoning

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Area≈ 776 m²
ZoningR1-1
Rear laneYes
Frontage and depth
What the zoning allows

Schools and parks near 2553 Wallace Cres
Elementary catchmentQueen Mary Elementary
Secondary catchmentByng Secondary
Our Lady of Perpetual Help292 m
Ecole Jules Quesnel Elementary505 m
Lord Byng Secondary505 m
Almond Park651 m

How catchments work

Transit near 2553 Wallace Cres
Nearest SkyTrain: Yaletown-Roundhouse (Canada Line)5.2 km
Westbound W 10 Ave @ Wallace St · 14, 9, N1774 m
Eastbound W 10 Ave @ Crown St · 14, 9, N17112 m
Eastbound W 10 Ave @ Wallace St · 14, 9, N17142 m

Bus routes within 400 m: 9, 14, N17

Street, trees and terrain
City street trees in front4 · Crimson King Norway Maple, Pissard Plum
Ground elevation≈ 41 m above sea level
Slope across the lotSloped, about 6 m
Nearest arterial roadW 10th Ave, 59 m
Truck route59 m

Crime near 2553 Wallace Cres

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Incidents within 400 m in the last 12 months, by type: in the full report.

Rezoning and development nearby

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Within 300 m in the last two years: 12 new-building permits and 6 demolition permits.

New buildings nearby:

Rezoning applications within 800 m: in the full report.

In West Point Grey, the City issued 132 new-building permits and 67 demolition permits in the last two years. About the neighbourhood

Questions about 2553 Wallace Cres

What is 2553 Wallace Cres assessed at?

$3,027,000 for 2026, from BC Assessment through the City’s property tax report.

When was 2553 Wallace Cres built?

In 1940, according to BC Assessment. A major improvement is recorded in 1980.

What is the zoning of 2553 Wallace Cres?

It is zoned R1-1 under the Vancouver Zoning and Development By-law. More

What can be built at 2553 Wallace Cres?

Under R1-1 the lot appears to fit a multiplex, 6 homes (8 if all rental). It has a rear lane, which a laneway home needs. More

Is 2553 Wallace Cres in a floodplain?

No. It is outside the floodplains designated by the City of Vancouver. More

Is 2553 Wallace Cres on the Heritage Register?

No. It is not listed on the Vancouver Heritage Register. More

What building permits has 2553 Wallace Cres had?

None since 2017, when the City’s open permit records begin. More

Which schools serve 2553 Wallace Cres?

Elementary: Queen Mary Elementary. Secondary: Byng Secondary. Placement depends on space: confirm with the school.

How far is the nearest SkyTrain station from 2553 Wallace Cres?

Yaletown-Roundhouse Station is 5.2 km away in a straight line.

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Other addresses on Wallace Cres

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Checked against City of Vancouver open data on October 21, 2026. How we check · Data sources · Glossary