5819 Wallace Street — Vancouver West


$ 3,680,000 FOR SALE MLS# R3166500
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Distinguished Dunbar/Southlands family home, rebuilt in 1987 on a 66 x 134.5 ft (8,877 sf) lot. High ceilings and skylights fill the bright living spaces with natural light and a warm, artful ambience. The main floor features a grand living room, elegant tea room/formal dining room, office, eating area, inviting family room and sunken kitchen with heated floors and quality appliances. Upstairs offers a spacious primary suite and 2 bedrooms. Below includes one bedroom, laundry and wine cellar. Meticulously maintained and updated with a new furnace, hot water tank, washer/dryer, fence, upstairs bathroom tile and carpeting. Beautiful mature backyard gardens create a private, tranquil setting full of character and charm. Close to top private schools Crofton House and St. George’s.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.

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Property Details

Bedrooms4
Bathrooms4
Living Area3,810 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 Homes36
Median Asking Price $ 2,934,000 $ 3,680,000
Median Price per SqFt $1,077 $966
Median Days on Market 120
Sold Properties Oct 2026Sep 2026Oct 2025
All Homes 1 ▼80.0% 5 5
Median Selling Price $ 2,468,000 ▼40.5% $ 2,700,000 $ 4,150,000
Median Price per SqFt $840 ▼21.3% $1,085 $1,067
Median Days on Market 42641
Median Discount Off Ask 0.8%2.9%4.3%
New Listings 371
Months of Inventory 8.6

At the current sales pace, it would take about 9 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.