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: 92. Catchment schools include Mount Pleasant El

List Price: $1,698,000
MLS: C8077952
Interior Size: 2,245 sqft
Days on Site: 92
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 92 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
92
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)

Become a VIP member for free. More details will be available.
The information below is generated by Relistico.com for your convenience and may not always be accurate. Consult a Realtor to verify.

Site Context

Free sign-up unlocks site context
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: 92 days

Added to Relistico: 2026-04-16

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

Become a VIP member for free. More details will be available.

Lot info

Free sign-up unlocks full lot information
Includes parcel identifiers, size details, and land and approval context.

Schools

Mount Pleasant Elementary ELEMENTARY
Public · School District 39
2300 Guelph St, Vancouver, BC
Straight-line distance about 242.9 m
Vancouver Technical Secondary SECONDARY
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
Sakuraya Japanese Supermarket
About 371.6 m away
517 East Broadway, Vancouver
Kim's Mart
About 372.3 m away
519 East Broadway
Shopping Centres
Mount Pleasant Farmers Market
About 256.4 m away
Main St. Station Farmers Market
About 952.7 m away
Parks / Green Space
Carolina Park
About 177.6 m away
Guelph Park
About 298.2 m away
Rapid Transit Stations
Main St Stn
About 897.4 m away

Price History

Free sign-up unlocks price history
View price changes, listing events, and the full timeline.

Newsletter

Enter your email to receive market updates and new listing alerts.

NEED TO CONSULT
A REALTOR?

We’re here for you!
Most inquiries receive a response within a few hours.
No spam. Just helpful answers.
You can also text Gary @ 778.801.1314

Classic Search

Recent News

Jul 16, 2026
ICE Officer in Maine Shooting Had History of Violence, Records Show
ICE Officer in Maine Shooting Had History of Violence, Records Show

David Brouillette, a 37-year-old Immigration and Customs Enforcement officer and Army veteran, shot and kille…

Jul 16, 2026
Vancouver Completes $20 Million Granville Street Sewer Upgrade in Marpole
Vancouver Completes $20 Million Granville Street Sewer Upgrade in Marpole

The City of Vancouver has completed its $20 million sewer replacement project along Granville Street in the M…

Jul 16, 2026
General Fusion Becomes First Publicly Listed Fusion Energy Company on Nasdaq
General Fusion Becomes First Publicly Listed Fusion Energy Company on Nasdaq

General Fusion Group Ltd.. has become the first publicly listed fusion energy company to trade on a major exc…

Jul 16, 2026
United Airlines to Charge for Empty Middle Seats on A321XLR
United Airlines to Charge for Empty Middle Seats on A321XLR

United Airlines announced a new Economy Plus offering on its Airbus A321XLR aircraft that allows passengers t…

Jul 16, 2026
Belo Sun Mining Faces New Legal Challenge for Volta Grande Gold Project in Brazil
Belo Sun Mining Faces New Legal Challenge for Volta Grande Gold Project in Brazil

Belo Sun Mining Corp.. announced on July 16, 2026, that a new Civil Public Action (CPA) has been filed in Bra…

Jul 16, 2026
BCSC Alleges Robert Tyrer Defrauded 85 Investors of $2.6M Through For the People FX Inc.
BCSC Alleges Robert Tyrer Defrauded 85 Investors of $2.6M Through For the People FX Inc.

The British Columbia Securities Commission (BCSC) has issued a hearing notice alleging that Robert George Hen…

Jul 16, 2026
Abbotsford Council Approves Funding for New Arena and Training Pool
Abbotsford Council Approves Funding for New Arena and Training Pool

Abbotsford city council approved $650,000 in funding on July 14, 2026, to initiate project framing for a new…

Jul 16, 2026
Alex Edler Returns to Canucks in Player Development Role
Alex Edler Returns to Canucks in Player Development Role

Vancouver Canucks general manager Ryan Johnson announced on July 16, 2026, that former defenceman Alex Edler…

Jul 16, 2026
TSX closes down 67 points as gold prices and AI tech slump weigh on markets
TSX closes down 67 points as gold prices and AI tech slump weigh on markets

Canada’s main stock index finished in negative territory on Tuesday, July 16, 2026, as a combination of slump…

Listing data displayed on this page is provided under license and may be based in whole or in part on information supplied by members of The Canadian Real Estate Association, participating real estate boards, brokerages, and authorized data providers. MLS®, REALTOR®, and related marks are owned or controlled by The Canadian Real Estate Association. Listing information is deemed reliable but is not guaranteed accurate, complete, or current. Users should verify all material facts with a licensed REALTOR® on BurnabyHouse.com before making decisions.

Powered by REALTOR.ca

This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®).

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

Data Provider: Greater Vancouver REALTORS®

Listing Office: RE/MAX Crest Realty

Relistico AI Assistant