A Vancouver heritage home could be facing the wrecking ball, and members of the community are fighting to stop the historic English Tudor from becoming bulldozer bait.

The beautiful 4,592 square-foot, five-bedroom, five-bathroom heritage home in Vancouver’s prestigious Shaughnessy neighbourhood was just listed for $7.38-million.

The English Tudor home, with an indoor pool and private garden, seems like a keeper, but its days may be numbered – the current owner has applied for a development permit so the incoming buyer can build their “dream home.”

“We don’t have a lot of these examples left,” said Javier Campos, president of Heritage Vancouver Society. “It’s very sad for Vancouver.”

The luxurious home at 1550 West 29th St. was cutting edge in its day, built in 1922 by the same architects who designed City Hall. It was also a model home to showcase the wonders of electricity.

An online campaign has been launched, urging city hall not to issue a development permit. The City of Vancouver says staff is still considering the application – no decision has been made – but orange fencing has gone up around the house.

“Almost ready for the Development Permit, saving months & months of time to begin building your brand new home to your taste,” the online listing reads.

Realtor Les Tawrog told CTV News that a development permit makes a house much more sellable, as it’s easier for someone to buy a home that has a permit in place. However the city isn’t doing enough to protect historic houses, he adds.

“We're losing our heritage, the City of Vancouver's heritage,” he said. “It's crazy to allow a beautiful house like this to be torn down.”

Just a few blocks away, in historic first Shaugnessy, the city doesn’t allow the demolition of homes built between 1940. But this house in second Shaugnessy, south of King Edward, doesn’t have that kind of protection.

“We should determine what are great examples we need to keep, and allow development in other areas in a way that’s sympathetic to the characters of the neighbourhoods,” said Campos.

“I think there has to be a real discussion with people in these neighbourhoods as to what that character needs to be.”

Want to see the inside of 1550 29th St.? Check out the full gallery here.

With files from CTV Vancouver’s Mi-Jung Lee