498 E 5th Avenue — Vancouver East


$ 1,698,000 FOR SALE MLS# R3112402
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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.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms
Bathrooms
Living Area
Lot Area3,267 sqft
Property TypeLand
MLS® R3112402
StatusActive
Listing BrokerRE/MAX Crest Realty

Property History

DateMLS #PriceEvent
Mmm 00, 0000 R0000000 $0,000,000 Listed
Mmm 00, 0000 R0000000 $0,000,000 Price change
Mmm 00, 0000 R0000000 $0,000,000 Sold
Mmm 00, 0000 R0000000 $0,000,000 Listed
Mmm 00, 0000 R0000000 $0,000,000 Price change
Mmm 00, 0000 R0000000 $0,000,000 Sold
13 events on record for this property

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Market Overview

Mount Pleasant VE · Vancouver East · All Homes

Active PropertiesAll ActiveThis Property
All Homes156
Median Asking Price $ 842,000 $ 1,698,000
Median Price per SqFt $1,066
Median Days on Market 44
Sold Properties Aug 2026Jul 2026Aug 2025
All Homes 0 ▼100.0% 3 43
Median Selling Price ▼100.0% $ 755,000 $ 710,000
Median Price per SqFt ▼100.0% $740 $1,049
Median Days on Market 1718
Median Discount Off Ask 3.9%3.2%
New Listings 344711
Months of Inventory 8.9

At the current sales pace, it would take about 9 months to sell all the homes currently for sale here — a Buyer's market.

SELLER'S
BALANCED
BUYER'S

More homes are for sale than there are buyers, so buyers tend to have more choice and more room to negotiate on price.

What's this?

Months of inventory = the number of homes currently for sale ÷ the average number sold per month recently. As a rule of thumb, under 5 months favours sellers, 5–8 is balanced, and over 8 favours buyers.

Mount Pleasant VE: Number of Sales

Mount Pleasant VE: Median Sold Price

Mount Pleasant VE: Median Sold Price per SqFt

Aggregate market statistics from the MLS® for Mount Pleasant VE. Figures are medians and may reflect small sample sizes in a single neighbourhood. Not an appraisal — ask a team member to verify.