5819 Wallace Street — Vancouver West


$ 3,680,000 FOR SALE MLS# R3166500
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Distinguished Dunbar/Southlands family home, completely rebuilt in 1987 on a 66 x 134.5 ft (8,877 sf) lot. High ceilings and charming skylights fill the bright open living spaces with natural light,creating a warm and artful atmosphere. Main floor offers a grand living room, elegant tea room/formal dining room,private office,cozy eating area,inviting family room and sunken kitchen with heated floors and quality appliances.Upstairs features a spacious primary suite and two bedrooms. Below includes a bedroom,laundry,new bath,&wine cellar.Meticulously maintained and updated with a new furnace, hot water tank, washer/dryer,fence,upstairs tile and carpet. This exceptional home is set on a beautiful tree-lined street, surrounded by mature gardens for a private, tranquil setting.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms4
Bathrooms3
Living Area3,669 sqft
Lot Area8,877 sqft
Property TypeResidential – Single Family Residence
MLS® R3166500
StatusActive
Listing BrokerSutton Group-West Coast Realty

Property History

DateMLS #PriceEvent
Mmm 00, 0000 R0000000 $0,000,000 Listed

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Market Overview

Southlands · Vancouver West · All Homes

Active PropertiesAll ActiveThis Property
All Homes38
Median Asking Price $ 3,199,000 $ 3,680,000
Median Price per SqFt $1,095 $1,003
Median Days on Market 113
Sold Properties Sep 2026Aug 2026Sep 2025
All Homes 1 ▼66.7% 4 3
Median Selling Price $ 2,050,000 ▼36.4% $ 3,237,750 $ 3,222,000
Median Price per SqFt $1,303 ▼0.4% $1,064 $1,308
Median Days on Market 463246
Median Discount Off Ask 9.9%4.0%5.2%
New Listings 371
Months of Inventory 9.9

At the current sales pace, it would take about 10 months to sell all the homes currently for sale here — a Buyer's market.

SELLER'S
BALANCED
BUYER'S

More homes are for sale than there are buyers, so buyers tend to have more choice and more room to negotiate on price.

What's this?

Months of inventory = the number of homes currently for sale ÷ the average number sold per month recently. As a rule of thumb, under 5 months favours sellers, 5–8 is balanced, and over 8 favours buyers.

Southlands: Number of Sales

Southlands: Median Sold Price

Southlands: Median Sold Price per SqFt

Aggregate market statistics from the MLS® for Southlands. Figures are medians and may reflect small sample sizes in a single neighbourhood. Not an appraisal — ask a team member to verify.