CONDOS FOR SALE

SOMA/MOUNT PLEASANT

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

$1,799,000
Residential beds: 4 baths: 1.0 1,458 sq. ft. built: 1910

Main Photo: 498 E 5th Avenue in Vancouver: Mount Pleasant VE House for sale (Vancouver East)  : MLS®# R3070657
Photo 1: 498 E 5th Avenue in Vancouver: Mount Pleasant VE House for sale (Vancouver East)  : MLS®# R3070657
Photo 2: 498 E 5th Avenue in Vancouver: Mount Pleasant VE House for sale (Vancouver East)  : MLS®# R3070657
Photo 3: 498 E 5th Avenue in Vancouver: Mount Pleasant VE House for sale (Vancouver East)  : MLS®# R3070657
Photo 4: 498 E 5th Avenue in Vancouver: Mount Pleasant VE House for sale (Vancouver East)  : MLS®# R3070657
Photo 5: 498 E 5th Avenue in Vancouver: Mount Pleasant VE House for sale (Vancouver East)  : MLS®# R3070657
Photo 6: 498 E 5th Avenue in Vancouver: Mount Pleasant VE House for sale (Vancouver East)  : MLS®# R3070657
Photo 7: 498 E 5th Avenue in Vancouver: Mount Pleasant VE House for sale (Vancouver East)  : MLS®# R3070657
Photo 8: 498 E 5th Avenue in Vancouver: Mount Pleasant VE House for sale (Vancouver East)  : MLS®# R3070657
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Photo 21: 498 E 5th Avenue in Vancouver: Mount Pleasant VE House for sale (Vancouver East)  : MLS®# R3070657
Photo 22: 498 E 5th Avenue in Vancouver: Mount Pleasant VE House for sale (Vancouver East)  : MLS®# R3070657
Photo 23: 498 E 5th Avenue in Vancouver: Mount Pleasant VE House for sale (Vancouver East)  : MLS®# R3070657
Photo 24: 498 E 5th Avenue in Vancouver: Mount Pleasant VE House for sale (Vancouver East)  : MLS®# R3070657
Photo 25: 498 E 5th Avenue in Vancouver: Mount Pleasant VE House for sale (Vancouver East)  : MLS®# R3070657
Photo 26: 498 E 5th Avenue in Vancouver: Mount Pleasant VE House for sale (Vancouver East)  : MLS®# R3070657
Status:
Active
Prop. Type:
Residential
MLS® Num:
R3070657
Bedrooms:
4
Bathrooms:
1
Year Built:
1910
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.
Property Type:
Residential
Dwelling Type:
Single Family Residence
Home Style:
Two Levels
Ownership:
Freehold NonStrata
Year built:
1910 (Age: 115)
Living Area:
1,458 sq. ft.
Building Area - Total:
2,245 sq. ft.
Levels:
Two
Bedrooms:
4 (Above Grd: 4)
Bathrooms:
1.0 (Full:1/Half:0)
Taxes:
$7,310.97 / 2024
Lot Area:
3,267 sq. ft.
Lot Frontage:
49'6"
Lot Details:
49.5 x 66
Plan:
VAP268, 1771
Construction Materials:
Frame Wood, Wood Siding
No. Floor Levels:
2.0
Other Structures:
Workshop Attached
Floor Area Fin - Above Main:
647 sq. ft.
Floor Area Fin - Above Main 2:
0 sq. ft.
Floor Area Fin - Main:
811 sq. ft.
Floor Area Fin - Total:
1,458 sq. ft.
Fireplaces:
0
Patio And Porch Features:
Patio, Deck
Parking Features:
Open, Side Access, Concrete
Parking:
Open
Parking Total/Covered:
1 / -
Driveway:
Concrete Parking
Laundry In Unit, Workshop Attached
North Shore Mountains + City
Shopping Nearby
Dishwasher, Refrigerator, Microwave, Laundry In Unit
Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
In Unit
Age Restrictions:
No
Home Owners Association:
No
Land Lease:
No
Utilities:
Electricity Connected, Natural Gas Connected, Water Connected
Electricity:
Yes
Sewer:
Public Sewer, Sanitary Sewer, Storm Sewer
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    Aerial view of property's location with skyline and property parcel outlined
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Listed by RE/MAX Crest Realty
Data was last updated December 2, 2025 at 11:40 AM (UTC)
Area Statistics
Listings on market:
141
Avg list price:
$988,000
Min list price:
$299,000
Max list price:
$4,995,000
Avg days on market:
56
Min days on market:
1
Max days on market:
622
Avg price per sq.ft.:
$1,157.11
These statistics are generated based on the current listing's property type and located in Mount Pleasant VE. Average values are derived using median calculations. This data is not produced by the MLS® system.
Nicholas Meyer
powered by myRealPage.com

Introducing SOMA/Mount Pleasant

SOMA 2

South Main, or SoMa, is an area of Vancouver that centers around Main Street, and is part of the larger Mount Pleasant neighbourhood.

While no official boundary exists for South Main, its centre is roughly at the intersection of Broadway and Main Street. Its boundaries roughly extend from East 2nd Avenue to East 33rd Avenue along Main Street. Recent developments along the nearby Kingsway corridor are extending the boundaries eastwards. The name is something of a marketing misnomer, as fully 80% of Main Street lies south of the area defined as “South Main”.

South Main is developing quickly and becoming one of the trendier new areas in East Vancouver for living and dining. SoMa is a shortened version of the name South Main and was coined only in recent years by the area’s promoters, and is meant to evoke the SoHo (short for “South of Houston” Street) in Manhattan, which in turn is an allusion to the nightlife district in the West End of London of the same name. Another actual “SoMa” exists in San Francisco, which refers to the area “South of Market” Street. Soma is also the name of an intoxicating beverage used in a Vedic ritual. These multiple connotations reflect the intent of entrepreneurs and developers to carry out a “relaxed kind of gentrification” in the area to create a cosmopolitan and prosperous commercial district. 

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Two words best describe Nic, Consummate Professional. Nic get’s the job done, quickly, quietly and most effectively and that is all you can ask. Without knowing me, he set up several introductions with major property developers in Lower Mainland and helped me provide my investors several viable options to expand their portfolios.
I’ve known and worked with Nicholas for the past 20 years. When it comes to rental suites, nobody knows the market better than him. You will always be satisfied utilizing not only his services but his knowledge is incredible.




I have worked with Nic and His staff since 2005 and found him and his staff to be the BEST Property managers in Vancouver… My downtown clients swear by him as well…. Reliable, Dependable 1st Class

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Leadership qualities that set an example for others to aspire to. Building a lasting foundation of integrity in the marketplace. Nicholas, is a model for anyone to follow. Balancing a healthy lifestyle, with a successful business model in 2015.
All dealings with Nicholas have been businesslike and have reached a successful conclusion. Throughout our dealings he was honourable and ethical, making our relationship positively conclusive.I have known Nicholas for approximately 15 years.