498 E 5TH AVENUE

498 E 5TH AVENUE · Vancouver, Mount Pleasant · Vacant Land · $1,698,000 · MLS C8077952

Vancouver, British Columbia · Neighbourhood: Mount Pleasant
C$1,698,000
For sale
498 E 5TH AVENUE

498 E 5TH AVENUE is located in Vancouver (Mount Pleasant). Property snapshot: Vacant Land, listed at $1,698,000, MLS C8077952. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 97. Catchment schools include Mount Pleasant El

List Price: $1,698,000
MLS: C8077952
Interior Size: 2,245 sqft
Days on Site: 97
Catchment Schools: Catchment schools include Mount Pleasant Elementary, Vancouver Technical Secondary
Price History: Latest recorded list price 1698000.00

Local Decision Guide

How should buyers evaluate 498 E 5TH AVENUE?

Start by reading this listing in its Vancouver Mount Pleasant context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

Vancouver listings should separate R1-1, RS, RT, laneway house and multiplex rules during review. R1-1 is an important low-density housing reform signal, but heritage, trees, underground servicing, parking, corner-lot conditions and existing building condition can all change the practical outcome.

Vancouver R1-1 / RS / RT / laneway quick checklist
  • Confirm whether zoning is R1-1, RS, RT or another district.
  • Review laneway house, multiplex, heritage, tree, parking and servicing rules separately.
  • Do not rely on lot size alone; corner-lot conditions, underground servicing and existing building condition can affect the plan.
What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 498 E 5TH AVENUE?

This page shows a list price of $1,698,000 with MLS C8077952.

What type of home is this Vancouver, Mount Pleasant listing?

The page shows Vacant Land at 498 E 5TH AVENUE. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about 97 days on market/site. Latest recorded list price 1698000.00.

Which catchment schools are associated with 498 E 5TH AVENUE?

Catchment schools include Mount Pleasant Elementary, Vancouver Technical Secondary. Catchment boundaries can change, so buyers should verify with the school district or their realtor before writing an offer.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

How should Vancouver listings be screened for R1-1, RS, RT, laneway and multiplex risk?

Vancouver listings should be checked against R1-1, RS, RT and other zoning, laneway house rules, multiplex rules, heritage, trees, parking, servicing and permits. Block-level and site-level constraints can change the outcome.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

Remarks

Prime Mt. Pleasant Corner Lot at East 5th and St. George presenting an outstanding opportunity for investors and developers alike. Ideally situated on a quiet residential street within one of Vancouver's most vibrant communities. Just steps to schools, parks, and all of the amenities found along Main Street. Short stroll to the Seawall, Olympic Village, False Creek Flats, and the new St. Paul's Hospital. Development opportunities abound with it's current RM4 zoning coupled with it's MNAA high-density designation within the Broadway Plan. Transit Orientated and within 200m from the new Great Northern Way - Emily Carr SkyTrain station. The sites hillside placement provides exceptional City + North Shore Mountain view opportunities. Currently collecting rental revenue of $5,225/m. (id:56153)

Property Details

Vacant Land
Building Type
-
Bedrooms
-
Bathrooms
1910
Year Built
116 years
Age
97
Days on Site
3,267 sf
Lot Area
2,245 sqft
Interior Size
C$756
Price per Sqft

Transaction: For sale

Status: active

Listing ID: 29616388 (C8077952)

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Site Context

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Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$1,698,000

Lot Area: 3,267 sf

Days on Site: 97 days

Added to BurnabyHouse: 2026-04-16

Updated on: 2026-04-16 02:02 PM PDT

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Lot info

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Includes parcel identifiers, size details, and land and approval context.

Schools

Fraser 2024: #760/1015 · score 4.8 · GIS map
Public · School District 39
2300 Guelph St, Vancouver, BC
Straight-line distance about 242.9 m
Fraser 2019: #140/251 · score 5.8 · GIS map
Public · School District 39
2600 Broadway E, Vancouver, BC
Straight-line distance about 3.1 km
Nearby Private Schools
Free sign-up unlocks nearby private school details
Includes school names, grades, distance, and available Fraser ranking context.

Nearby Points of Interest

Grocery / Food Access
About 371.6 m away
517 East Broadway, Vancouver
About 372.3 m away
519 East Broadway
Shopping Centres
About 256.4 m away
About 952.7 m away
Parks / Green Space
About 177.6 m away
About 298.2 m away
Rapid Transit Stations
About 897.4 m away

Price History

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View price changes, listing events, and the full timeline.

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Last Updated: Thu, 16 Apr 2026 01:02:07 PM PDT

Data Provider: Greater Vancouver REALTORS®

Listing Office: RE/MAX Crest Realty

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