In medium- to high-rise buildings, single shear walls (SSWs) are often used to resist lateral force due to wind and earthquakes. They are designed to dissipate seismic energy mainly through plastic hinge zones at the base. However, they often display large post-earthquake deformations that can give rise to many economic and safety concerns within buildings. Hence, the primary objective of this research study is to minimize residual deformations in existing SSWs located in the Western and Eastern seismic zones of Canada, thereby enhancing their resilience and self-centering capacity. To that end, four SSWs of 20 and 15 stories, located in Vancouver and Montreal, were meticulously designed and detailed per the latest Canadian standards and codes. The study assessed the impact of three innovative strengthening schemes on the seismic response of these SSWs through 2D nonlinear time history (NLTH) analysis. All three strengthening schemes involved the application of Externally Bonded Fiber Reinforced Polymer (EB-FRP) to the shear walls. Accordingly, a total of 208 NLTH analyses were conducted to assess the effectiveness of all strengthening configurations. The findings unveiled that the most efficient technique for reducing residual drift in SSWs involved applying three layers of vertical FRP sheets to the extreme edges of the wall, full FRP wrapping the walls, and full FRP wrapping of the plastic hinge zone. Nevertheless, it is noteworthy that implementing these strengthening schemes may lead to an increase in bending moment and base shear force demands within the walls.