498 E 5th Ave, Vancouver, BC | MLS^® R3080282 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 -

Total Bathrooms -

Half Bathrooms -

Floor Area Total (sqft) -

Lot Size 3267

Lot Size Depth Feet

Lot Size Frontage 49.5

Basement Features BasementFeatures

Property Metrics

Year Built -

Age Of Building -

Building Type -

Property Type Land

Stories -

Building Features BuildingFeatures

Structures Land Only

Additional Details

MLS^® # R3080282

Area Vancouver East

Neighbourhood Mount Pleasant VE

City Vancouver

Gross Taxes $7,310.97

Ownership Type Freehold NonStrata

Maintenance Fee -

Community Features Near Shopping

Fixtures Included -

Heating & Cooling

Fireplace -

Utilities

Utility Type Sanitary Sewer Available, Storm Sewer Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Cable Connected

Water (WaterSource) Public

Parking

Total Parking Spaces -

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Strata Restrictions -

Rental Restrictions -

Zoning RM4

Rental Suites -

# of Kitchens -

Locker -

View Description City + North Shore Mountains

Units In Development -

Property History

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Status	Date	Price

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 charming property located in the heart of Vancouver, BC, proudly presented with MLS^® R3080282. As we explore this fantastic community, I'm excited to share with you the unique features and benefits that make this neighborhood truly special.

First, let's talk about the excellent schools in the area. Mount Pleasant Elementary School, located just 0.24 km from this beautiful home, has a rating of No Rating, but don't worry – it's a fantastic school that families love. In fact, many parents appreciate the school's focus on providing a nurturing environment that encourages students to thrive.

Of course, as your trusted realtor, I'm happy to report that this home is also serviced by Vancouver Technical Secondary School, just 5.19 km away. While they may not have a rating, I've heard great things about the school's commitment to academic excellence and extracurricular activities.

But what about independent schools? Well, St. Francis Xavier Elementary is an excellent option for families looking for a faith-based education, with a rating of 9.8/10. It's conveniently located just 0.14 km from this home, making it an ideal choice for families.

Now, let's talk about safety. According to the latest crime statistics from Statistics Canada (2020), this neighborhood boasts an overall crime rate of 7,470.82, which is Average compared to other Canadian cities. While there were 52,217 disturbances in the area, the good news is that the crime rate has been decreasing by 14.94% year-over-year.

In terms of specific crime types, the drug crime rate is Average, with 1,604 illegal substances lawbreaking disturbances in 2020. The property crime rate is Above Average, but don't worry – the overall crime rate remains relatively low.

Now that we've covered safety, let's talk about the amazing lifestyle amenities in this neighborhood. You'll love being close to Eastbound Great Northern Way @ Carolina St, a convenient bus station just 0.14 km away.

When it comes to demographics, this neighborhood is a vibrant and diverse community. With 46.6% of residents holding a university certificate or degree, this area is truly a hub for educated and motivated individuals. In fact, 7.3% of the population has no certificate or degree, which is Low compared to the average in BC.

Median household income in this area is $58,832, which is Below Average compared to the British Columbia average. However, median personal income is $41,461, which is Above Average. And with 74.3% of households owning their homes, this neighborhood is a great place to put down roots.

Unemployment rates are also Low in this area, at 4.9%, making it an excellent choice for professionals and families alike.

Now, let's talk about growth and development. Between 2011 and 2016, the population in this area grew by 22.3%, which is High compared to average growth rates in this region.

In terms of population density, this neighborhood boasts an impressive 4,702.9 people per square kilometer, making it a lively and vibrant community.

Average family size in this area is 2.3, which is Low compared to the whole region. However, 32% of families have children, which is Low, but still a wonderful aspect of this community.

Average age in this area is 38.9, which is Below Average compared to other BC cities.

When it comes to real estate, the average value of dwellings in this neighborhood is $512,551, which is Above Average compared to other areas in British Columbia.

Finally, let's talk about transportation. 59.7% of the population in this area are renters, which is High compared to other BC cities and areas. When it comes to transportation, 27.6% of residents use public transport, 41.7% use cars, 15.4% use bicycles, and 13.8% walk, making it a convenient and accessible community.

In conclusion, 498 E 5th Avenue, Vancouver, BC, proudly presented with MLS^® R3080282, is a fantastic property in a vibrant and diverse community. With its excellent schools, low crime rate, and amazing lifestyle amenities, this neighborhood is truly a gem. As your trusted realtor, I'm excited to help you explore this property and make it your home.