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This memorial stands near a site which, according to long-standing tradition, is said to be the birthplace of Sir William Wallace, Guardian of Scotland. (On the Pont/Blaeu map, surveyed in the 1580s-90s, but published in the 1650s, Elderslie is shown as "Ellersly".)

For the context of the memorial, see NS4463 : The Wallace Memorial, Elderslie.

For a closer look at the base, see NS4463 : The Wallace Memorial (detail). For other views of the structure as a whole, see NS4463 : Wallace's Monument and NS4463 : Wallace's Monument.

The overall shape of the memorial is like that of a mercat cross; it was designed by John C.T. Murray and J. Andrew Minty, and was erected in 1912. For further information on the memorial, see Link (at Canmore).

Located nearby are the foundations of a seventeenth-century farm building, which was apparently built on the site of an earlier structure, and which was demolished only as recently as the 1970s; those foundations are shown in NS4463 : Wallace's House, Elderslie. For further details of that building, and for an account of excavations carried out in this area in the 1990s, see Link (at Canmore).

The largest monument to William Wallace stands on the Abbey Craig near Stirling: NS8095 : The National Wallace Monument. However, another significant memorial is located in Robroyston: see NS6369 : Wallace's Monument and NS6369 : Wallace's Monument, Robroyston.