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498 E 5th Avenue
Mount Pleasant VE Vancouver V5T 1H9

$2,250,000
Land Commercial

Main Photo: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
Photo 1: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
Photo 2: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
Photo 3: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
Photo 4: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
Photo 5: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
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Photo 8: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
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Photo 12: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
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Photo 18: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
Photo 19: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
Photo 20: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
Photo 21: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
Photo 22: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
Photo 23: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
Photo 24: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
Photo 25: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
Status:
Active
Prop. Type:
Land Commercial
MLS® Num:
C8069458
Build. Type:
Mixed Use
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.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Land Commercial
Construction:
Frame Wood
Building Type:
Mixed Use
Year built:
1910 (Age: 115)
Living Area:
2,245 sq. ft.
Subject Property Depth:
66'
Subject Property Width:
49'6"
Lot Area:
3,484.8 sq. ft.
Acres Freehold:
3,485 sq. ft.
Potential to Redevelop:
CONTRAC L.R., No
Electricity:
Yes
Services Connected:
Electricity Connected, Garbage Collection
Sewer:
Public Sewer, Storm Sewer
Parcel Number:
015391311
Taxes:
$7,310.97 / 2024
No
No
Water Supply:
Public
Water Rights:
No
Potential to Redevelop:
CONTRAC L.R., No
Env Assmt Phase:
No
  • Photo 1: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    Photo 1 of 25
  • Photo 2: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    View of property location with a tree filled landscape
  • Photo 3: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    Drone / aerial view of a tree filled landscape
  • Photo 4: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    Aerial view of a tree filled landscape
  • Photo 5: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    View of urban area
  • Photo 6: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    Aerial view of property's location with skyline and property parcel outlined
  • Photo 7: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    View of urban area featuring property parcel outlined
  • Photo 8: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    View of stairs
  • Photo 9: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    Foyer featuring stairs
  • Photo 10: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    Living area with carpet flooring and a drop ceiling
  • Photo 11: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    Dining space featuring light carpet, a chandelier, and baseboards
  • Photo 12: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    Kitchen featuring white appliances, a sink, light countertops, light flooring, and brown cabinetry
  • Photo 13: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    Bedroom with vaulted ceiling and light carpet
  • Photo 14: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    Bedroom featuring light colored carpet
  • Photo 15: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    Bedroom featuring vaulted ceiling, wood walls, and carpet
  • Photo 16: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    Full bath featuring tile walls, vanity, toilet, a shower, and wainscoting
  • Photo 17: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    Unfinished basement with electric panel, heating unit, and gas water heater
  • Photo 18: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    Basement with washer and dryer
  • Photo 19: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    Entrance foyer featuring stairway
  • Photo 20: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    Living room featuring carpet and a paneled ceiling
  • Photo 21: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    Dining room featuring light floors and wooden walls
  • Photo 22: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    View of front of home featuring asphalt driveway and a fenced front yard
  • Photo 23: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    Rear view of house featuring a fenced backyard and a porch
  • Photo 24: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    Drone / aerial view
  • Photo 25: 498 E 5th Avenue, Vancouver - Mount Pleasant VE
    Floor plan / room layout
Listed by RE/MAX Crest Realty
Data was last updated June 4, 2025 at 04:05 AM (UTC)
AMAR SHAN
DANA BALAN
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Navigating Commercial Real Estate Landscape in Vancouver, BC

Vancouver, BC, stands as a beacon of economic prosperity and cultural diversity, drawing businesses and investors alike to its dynamic commercial real estate market. In this article, we’ll delve into the thriving commercial landscape of Vancouver, exploring key trends, popular sectors, and the factors contributing to the city’s robust real estate sector. Whether you’re an entrepreneur seeking the perfect storefront or an investor eyeing the stability and growth potential of Vancouver’s commercial market, the opportunities are as diverse as the properties themselves. Explore BC commercial properties, especially in Vancouver, and discover a landscape ripe for business success and investment ventures.

Diverse Commercial Sectors

Vancouver’s commercial real estate market spans a diverse array of sectors, catering to the multifaceted needs of businesses. From vibrant retail spaces in bustling neighborhoods like Gastown to sleek office towers in the central business district, the city offers a spectrum of opportunities. The industrial sector, particularly in areas like Mount Pleasant, has also witnessed significant growth, driven by the rise of tech companies and creative industries.

Tech Hub and Innovation

As a burgeoning tech hub, Vancouver has become a magnet for innovative companies seeking prime office spaces to foster creativity and collaboration. The city’s strategic location, coupled with its quality of life, has attracted major players in the tech industry, contributing to the demand for modern, adaptable office spaces.

Green Initiatives and Sustainability

Vancouver places a strong emphasis on sustainability, influencing its commercial real estate landscape. The city’s commitment to green building practices has led to a surge in environmentally conscious developments. LEED-certified buildings and energy-efficient spaces have become integral components of the commercial market, appealing to businesses with a focus on sustainability.

Challenges and Opportunities

Despite its robustness, Vancouver’s commercial real estate market is not without challenges. Limited available space in key areas and rising property values pose obstacles for businesses seeking prime locations. However, this scarcity has also spurred innovative projects, such as mixed-use developments that seamlessly blend residential and commercial spaces.

Investment Appeal

Investors are drawn to Vancouver’s commercial real estate market for its stability and long-term growth potential. The city’s strategic geographical location, strong economic fundamentals, and commitment to innovation create an attractive environment for those looking to diversify their portfolios.

Conclusion: Vancouver, BC Commercial Properties

Vancouver’s commercial real estate landscape continues to evolve, shaped by economic trends, sustainability initiatives, and the city’s commitment to innovation. Whether you’re a local business looking to expand or a global investor seeking lucrative opportunities, Vancouver’s dynamic and diverse commercial real estate market provides a wealth of possibilities.