1998 Mitsubishi Lancer Evolution V For Sale in Richmond, BC

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1998 Mitsubishi Lancer Evolution V in Exterior color: White · Interior color: Black

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1998 Mitsubishi Lancer Evolution V

$33,000

/ CAD

DETAILS:

1998
Driven 178,000 km
Fuel type: Gasoline
Manual transmission
Exterior color: White · Interior color: Black

Description

1998 Mitsubishi Lancer Evolution V (5) GSR 178.000KM Need to free up some funds for business opportunity 2.4 LR Full Build, motor is good for 800whp on E85 Race ported head and CC matched Work done at EvolutionAuto In Burnaby BC Tuned by Souraj 298whp and 320tq on 93 pump 10w60 every 3-4K Parts: Manley 608015CE-4 86.5mm 9:1 Comp Manley H-Tuff Plus with 625+ Bolts 156mm MB5315XP King Race Main Bea CR4120XP King Race Rod Bea OEM Oil Pump ARP 625+ Head Bolts Tomei 1.2mm 86.5 Head Gasket BC 276 ...

Our Take:

The 1998 Mitsubishi Lancer Evolution V is a gem from the heyday of rally-inspired cars. Known for its aggressive styling and sturdy build, this model is part of Mitsubishi's celebrated Evo lineup—famous for dominating the World Rally Championship in the late '90s. It’s like finding an old vinyl record of a classic rock band; the vehicle embodies a bygone era of automotive excellence.
This specific Evo V isn't just your run-of-the-mill find; it's been extensively modified with a 2.4-liter full build, capable of potentially hitting 800 horsepower on E85 fuel. With meticulous work done on the engine components, it's a fitting project for someone who appreciates the art of tinkering under the hood. The current setup gives it 298whp on regular pump gas—kind of like having a lion on a leash, waiting to roar.
Digging into the history of the Evo V, it featured an AYC (Active Yaw Control) system, a game-changer for handling dynamics during its time. Though this example has seen some kilometers—178,000 km to be precise—it’s got the kind of aftermarket upgrades that keep enthusiasts up at night, dreaming of tackling twisty back roads or track days.
With upgrades from respected brands like Manley and Tomei, and a storied tuning history at EvolutionAuto in Burnaby, this car walks the line between performance art and track-ready beast. Plus, its manual transmission keeps it true to the purist driving experience that enthusiasts love. Even the mention of Ohlins suspension, albeit in need of a rebuild, speaks to its crafted, performance-oriented soul.

Price Analysis

DR Market Reference: CAD $50,884
Based on 5 other 1998 Mitsubishi Lancer Evolution V listings. Price range: CAD $33,000 - $60,000
This listing is CAD $17,884 (35.1%) below market reference
See 5 comparable listings

Listing Information

Listed on : 2025-02-12
Listing Status: Sold
View the listing on Facebook Marketplace

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