Vancouver Dossier

2554 Wallace Cres, Vancouver, BC

A freehold property, built 1938 on a 574 m² R1-1 lot with a rear lane. Older than 63% of the buildings on Wallace Cres.

Assessed 2026

$2,845,200

Zoning

R1-1

Lot

≈ 574 m²

Built

1938

3 to check7 notes2 clear

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What the records show for 2554 Wallace Cres

Note

R1-1 lot: fits a multiplex, 6 homes (8 if all rental)

Free preview

What the record says: Lot about 574 m², 22.8 m wide and 30.4 m deep, measured from the City lot outline. Rear lane: yes.
What it means: Lot size, width and lane access decide what can be built under R1-1.
What to do: If redevelopment is part of the price, order a survey and ask the City before you remove subjects.

The full report explains every finding like this one.

Check

Built 1938: ask about a buried oil tank

What it means and what to ask

What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.

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Check

Steep lot: about 8 m of fall

What it means and what to ask

What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.

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Check

Combined sewer on this block

What it means and what to ask

What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.

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Note

No building permits on record since 2017

What it means and what to ask

What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.

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Note

Assessed at $2,845,200, −7% since 2021

What it means and what to ask

What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.

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Note

Value is almost all land

What it means and what to ask

What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.

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Note

Built before 1990: asbestos survey before renovating

What it means and what to ask

What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.

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Note

11 new buildings and 6 demolitions within 300 m

What it means and what to ask

What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.

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Note

Short-term rentals: only in your principal residence

What it means and what to ask

What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.

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Clear

Not on the Heritage Register

Clear

Outside the City floodplain

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What the record says, with its date and number
What it means for a buyer
What to ask the seller and your realtor
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Street view

About 2554 Wallace Cres

Assessed at $2,845,200 for 2026 (−14% on 2025). Assessed higher than 19% of the houses on Wallace Cres. The land is 97% of the value. The lot is larger than 78% of the lots in West Point Grey. School catchment: Queen Mary Elementary and Byng Secondary.

Read every record and what to do next

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 2554 Wallace Cres

2026$2,845,200

Down 7% since 2021

Permits on this lot · none since 2017

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

The lot and zoning

Area≈ 574 m²

Frontage and depth

What the zoning allows

Schools and parks near 2554 Wallace Cres

Elementary catchmentQueen Mary Elementary

Secondary catchmentByng Secondary

Our Lady of Perpetual Help296 m

Ecole Jules Quesnel Elementary541 m

Lord Byng Secondary541 m

Almond Park668 m

How catchments work

Transit near 2554 Wallace Cres

Nearest SkyTrain: Yaletown-Roundhouse (Canada Line)5.2 km

Westbound W 10 Ave @ Wallace St · 14, 9, N17101 m

Eastbound W 10 Ave @ Crown St · 14, 9, N17137 m

Eastbound W 10 Ave @ Wallace St · 14, 9, N17161 m

Bus routes within 400 m: 9, 14, N17

Street, trees and terrain

City street trees in front1 · Pissard Plum

Ground elevation≈ 37 m above sea level

Slope across the lotSteep, about 8 m

Nearest arterial roadW 10th Ave, 95 m

Truck route95 m

Crime near 2554 Wallace Cres

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

Rezoning and development nearby

Within 300 m in the last two years: 11 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 66 demolition permits in the last two years. About the neighbourhood

Questions about 2554 Wallace Cres

What is 2554 Wallace Cres assessed at?

$2,845,200 for 2026, from BC Assessment through the City’s property tax report.

When was 2554 Wallace Cres built?

In 1938, according to BC Assessment. A major improvement is recorded in 1957.

What is the zoning of 2554 Wallace Cres?

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

What can be built at 2554 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 2554 Wallace Cres in a floodplain?

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

Is 2554 Wallace Cres on the Heritage Register?

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

Can 2554 Wallace Cres be rented short term (Airbnb)?

Only as the owner’s or tenant’s principal residence, with a City business licence and a provincial registration number; a second home or investment unit cannot be rented for less than 90 days. More

What building permits has 2554 Wallace Cres had?

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

Which schools serve 2554 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 2554 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 25, 2026. How we check · Data sources · Glossary