The Wallace Point Canoe Club was active in the 1930s just north of Rice Lake. A founding meeting was called for July 31, 1930 at the Pavillion and they offered swimming lesson for local farm boys and a winter hockey team. Their first regatta was held at Gore's Landing in 1931. A boat house was built in 1934 and Herb Cardwell, the first president, handed over the role to William Taylor in 1935. 1941 saw the first time Wallace Point competed against Western Ontario clubs, at the Dominion Day Regatta in Toronto. CCA memberships were paid at the time. The club attempted to rebuild after WWII took many of its active members but eventually folded and put their boats in storage.