The Tapley House, built in 1913, is important as part of the architectural and development history of Oak Bay. It is significant as a well-preserved example of a modest Craftsman style bungalow built during the pre war-building boom of 1912-14.

Also important is the association with the builder and owner, Captain Walter Edward Tapley. The house is unique for its quality construction, Arts and Crafts design detail, and floor plan accommodating a home office, from which Tapley ran a flourishing construction business. This relatively small house illustrates the importance of social status to the middle class Edwardian gentleman of “good breeding,” but modest means. The value placed on fashionable design, high quality construction, interior detail and upscale neighbourhood demonstrates prevailing aesthetic attitudes.

The significance of the site on upper [west] Central Avenue, on a major transportation route and within walking distance of the Fairfield streetcar line is linked to the progression of urban development within Oak Bay prior to the automobile age.