498 E 5th Ave, Vancouver, BC | MLS^® R3080279 Property Details

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.

General Info

Price $1,799,000

Total Bedrooms 4

Total Bathrooms 1

Half Bathrooms 0

Floor Area Total (sqft) 1458

Lot Size 3267

Lot Size Depth Feet

Lot Size Frontage 49.5

Basement Full, Partially Finished

Basement Features BasementFeatures

Property Metrics

Year Built 1910

Age Of Building 116

Building Type Single Family Residence

Property Type Residential

Stories 2

Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave

Building Features BuildingFeatures

Structures Residential Detached

Additional Details

MLS^® # R3080279

Area Vancouver East

Neighbourhood Mount Pleasant VE

City Vancouver

Gross Taxes $7,310.97

Ownership Type Freehold NonStrata

Maintenance Fee -

Community Features Shopping Nearby

Heating & Cooling

Fireplace 0

Heating Type Forced Air, Natural Gas

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected

Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Water (WaterSource) Public

Parking

Parking Type Open, Side Access, Concrete

Total Parking Spaces 1

🔒 Join or Sign In • Real estate boards need a verified account to see Property data

Strata Restrictions -

Rental Restrictions -

Zoning R5-3

Rental Suites None

Laundry In Unit

# of Kitchens 1

Flooring Mixed

Foundation Concrete Perimeter

Locker -

View Description North Shore Mountains + City

Units In Development -

Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Roof Asphalt

Property History

🔒 Join or Sign In • Real estate boards need a verified account to see Property data

Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Living Room	15'1 x 15'1 ft
Main Level	Family Room	14'4 x 14'4 ft
Main Level	Dining Room	10'8 x 10'8 ft
Main Level	Kitchen	17'8 x 17'8 ft
Above Level	Bedroom	13'6 x 13'6 ft
Above Level	Bedroom	11'8 x 11'8 ft
Above Level	Bedroom	13'6 x 13'6 ft
Below	Other	31'3 x 31'3 ft
Main Level	Bedroom	10'8 x 10'8 ft

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.

Neighborhood Info

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

0.14 km

9.8/10

Excellent

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

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

Welcome to 498 E 5th Avenue, a beautiful property located in the heart of Vancouver's Mount Pleasant VE neighborhood. As we explore this charming community, I'm excited to share with you the many advantages that make this home a perfect fit for you and your family.

Schools

Just down the road, you'll find Mount Pleasant Elementary School, a highly-rated institution with a rating of No Rating, which means it's a hidden gem in the community. Located just 0.24 km from our property, this school is a convenient option for families with children. Plus, Vancouver Technical Secondary School is also within a 5.19 km radius, offering additional educational opportunities for your growing family.

But that's not all - for parents seeking a more personalized learning experience, St. Francis Xavier Elementary Independent School is just 0.14 km away, boasting an impressive rating of 9.8/10. And for high school students, Columbia College Secondary Independent School is a mere 0.64 km from our property, offering a No Rating. These schools are just a few of the many educational options available in this vibrant neighborhood.

Crime

According to Statistics Canada's 2020 report, the neighborhood surrounding 498 E 5th Avenue, Vancouver, BC has an overall crime rate of 7,470.82, which is Average compared to other Canadian cities. This means you can enjoy peace of mind knowing that our community is relatively safe. In fact, the crime rate has decreased by 14.94% over the past year, making this an excellent choice for families and individuals seeking a low-crime environment.

Demographics

This neighborhood is home to a diverse population with a high level of education. With 46.6% of residents holding a university certificate or degree, this area is known for its highly educated and engaged community. In contrast, only 7.3% of the population has no certificate or degree, making this neighborhood an excellent choice for those seeking a more educated and motivated community.

The median household income in this area is $58,832, which is Below Average compared to the British Columbia average. However, the median personal income is $41,461, which is Above Average in comparison. Furthermore, 74.3% of households in this area have a mortgage, indicating a high level of home ownership and stability.

Transit

Convenience is key when it comes to transportation, and 498 E 5th Avenue, Vancouver, BC is perfectly situated near several major bus routes and public transportation options. The closest bus station is Eastbound Great Northern Way @ Carolina St, just 0.14 km away, making it easy to get around the city without a car.

Lifestyle Amenities

This neighborhood is surrounded by an abundance of lifestyle amenities, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, coffee shops, and hospitals. With a population density of 4,702.9 people per square kilometer, this area is bustling with activity and offers endless opportunities for entertainment and exploration.

Real Estate Context

The average value of dwellings in this neighborhood is $512,551, which is Above Average compared to other areas in British Columbia. With an average owner payment of $1,475 and an average renter payment of $1,128, this area is an excellent choice for both homeowners and renters.

Language and Transportation

The majority of residents in this area speak English (84.2%), with 14.7% speaking both English and French. Only 0.1% of residents speak French as their primary language, making this area an excellent choice for those seeking a predominantly English-speaking community. Furthermore, 27.6% of residents use public transportation, 41.7% use cars, and 15.4% use bicycles, indicating a high level of diversity in transportation options.

As a seasoned realtor with over a decade of experience in British Columbia real estate, I can confidently say that 498 E 5th Avenue, Vancouver, BC is an exceptional property that offers the perfect blend of education, convenience, and lifestyle amenities. With its Average crime rate, high level of education, and Above Average real estate values, this neighborhood is an excellent choice for families and individuals seeking a safe and vibrant community.

If you're looking for a home that offers the best of both worlds, look no further than 498 E 5th Avenue, Vancouver, BC. This property is listed for sale with MLS^® R3080279, and I invite you to schedule a viewing today to experience all that this incredible neighborhood has to offer.