Wallace Heights is a Canadian

Canada

Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

 urban neighbourhood in Nova Scotia

Nova Scotia

Nova Scotia is one of Canada's three Maritime provinces and is the most populous province in Atlantic Canada. The name of the province is Latin for "New Scotland," but "Nova Scotia" is the recognized, English-language name of the province. The provincial capital is Halifax. Nova Scotia is the...

's Halifax Regional Municipality

Halifax Regional Municipality, Nova Scotia

Halifax Regional Municipality is the capital of the province of Nova Scotia, Canada. The Regional Municipality had a 2006 census population of 372,679, while the metropolitan area had a 2010 estimated population of 403,188, and the urban area of Halifax had a population of 282,924...

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Wallace Heights is situated immediately north of Shannon Hill at the southern end of the Bedford Basin

Bedford Basin

Bedford Basin is a large enclosed bay, forming the northwestern end of Halifax Harbour on Canada's Atlantic coast.-Geography:Geographically, the basin is situated entirely within the Halifax Regional Municipality and is oriented northwest-southeast, measuring approximately 8 kilometres long and 5...

, around the northern side of the MacKay bridge in the former city of Dartmouth

Dartmouth, Nova Scotia

Dartmouth founded in 1750, is a community and planning area of the Halifax Regional Municipality, Nova Scotia. Located on the eastern shore of Halifax Harbour, Dartmouth has been nicknamed the City of Lakes after the large number of lakes located in the city.On April 1, 1996, the provincial...

. It was established by the Department of National Defence

Department of National Defence (Canada)

The Department of National Defence , frequently referred to by its acronym DND, is the department within the government of Canada with responsibility for all matters concerning the defence of Canada...

 in the 1950s to house Royal Canadian Navy

Royal Canadian Navy

The history of the Royal Canadian Navy goes back to 1910, when the naval force was created as the Naval Service of Canada and renamed a year later by King George V. The Royal Canadian Navy is one of the three environmental commands of the Canadian Forces...

 personnel attached to the Halifax naval base

CFB Halifax

Canadian Forces Base Halifax is Canada's east coast navy base and home port to the Atlantic fleet, known as Maritime Forces Atlantic....

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Defence cutbacks to the Canadian Forces

Canadian Forces

The Canadian Forces , officially the Canadian Armed Forces , are the unified armed forces of Canada, as constituted by the National Defence Act, which states: "The Canadian Forces are the armed forces of Her Majesty raised by Canada and consist of one Service called the Canadian Armed Forces."...

 in the mid-1990s and rising real estate

Real estate

In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...

costs saw Wallace Heights sold to a private developer. Some units have been renovated and the entire neighbourhood has been resettled by civilians.