498 5TH AVENUE - $1,698,000

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$1,698,000
498 5TH AVENUE
Vancouver, British Columbia V5T1H9
MLS® Number: C8077952
2,245Sq Ft
1910Year Built
Vacant LandType

About This Property

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. (id:64973)

Rose's Thoughts
Rose Marie Manno

At $756 per square foot, this vacant lot in Vancouver's vibrant Mount Pleasant neighborhood is priced competitively compared to the city's average of $1,200 per square foot. Given its RM4 zoning and proximity to key amenities, this property presents an exceptional opportunity for developers seeking to capitalize on the growing demand for high-density housing in this desirable community.

Property Details

Living Area2,245 sq ft
Lot Size3267 (3,267 square feet)
Year Built1910
Property TypeVacant Land
Annual Taxes$7,311
CityVancouver
Postal CodeV5T1H9
MLS® #C8077952

Location

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Rose Marie Manno is a 5-star rated REALTOR® serving Metro Vancouver & the Fraser Valley.

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