498 E 5th Ave, Vancouver BC - Land for Sale - MLS# R3112402

$1,698,000
Est. Mortgage $7,512/mo
0 sqft
$1,698,000
Est. $7,512/mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
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Property Details for 498 E 5th Avenue

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.

Exterior Features

View Description City + North Shore Mountains
Structures Land Only

Building Details

Price $1,698,000
Property Type Land
Ownership Type Freehold NonStrata
Community Features Near Shopping
Utility Type Sanitary Sewer Available, Storm Sewer Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Cable Connected
Water (WaterSource) Public

Lot & Land

Lot Size 3267
Lot Size Depth Feet
Lot Size Frontage 49.5
MLS® # R3112402
Area Vancouver East
Neighbourhood Mount Pleasant VE
City Vancouver
Postal Code V5T 1H9
Gross Taxes $7,310.97
Zoning RM4

Property Timeline

Status Date Price
R3112402 / Active 04-16-2026 $1,698,000

Listed by: RE/MAX Crest Realty

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Map & Neighbourhood

Public Schools

Secondary
Vancouver Technical Secondary School
5.19 km
Elementary
Mount Pleasant Elementary School
0.24 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
St. Francis Xavier
Above Average
0.14 km
9.8/10
Secondary
Columbia College
0.64 km

Closest Transit

Bus Stop
Eastbound Great Northern Way @ Carolina St
0.14 km
Skytrain
Skytrain @ Vcc-Clark Stn
0.93 km

Crime Rate

Total Crime Rate
Average
Violent Crime Rate
Below Average
Property Crime Rate
Above Average

Demographics

Post-Secondary Education
Above Average
46.6%
No Certificate/Degree
Below Average
7.3%
Owner Occupied
Above Average
74.3%
Employment Rate
Below Average
32%

Noise/ Power Lines

Road/Hwy Noise
Unlikely
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 498 E 5th Avenue

Mortgage Calculator for 498 E 5th Avenue

/month
Principal & Interest
Property Taxes $609
Maintenance fee 0
A 20% down payment of $339,600 on this $1,698,000 listing yields an estimated mortgage of $6,485/month (30-year fixed, 4%). Total estimated housing cost: $7,094/month, $609 property tax.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
With $4,414/month in estimated rental income against $7,270/month in mortgage payments, the monthly cashflow is -$2,856/month. A 56% down payment would reach break-even.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Mount Pleasant VE, Vancouver

Beds Home Types Square Feet Lot Size Year Built
This Home $1,698,000
Vancouver Loading...
Mount Pleasant VE Loading...

Comparable data is unavailable at the neighbourhood level. City-wide in Vancouver, similar properties average $1,206,967 across 5 active listings — this listing is 40.7% above the Vancouver average.

Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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