340 Reserve Street, Glace Bay, (MLS® 202616017) REMAX NOVA
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340 Reserve Street, Glace Bay

2000 sqft
$650,000 For Sale

Description

Spacious commercial building situated on a large 100 ft x 600 ft lot in Glace Bay, offering excellent investment and development potential. The property currently features three well-maintained two-bedroom apartments, with room to expand and add additional units. The building also includes a generous commercial space ideal for retail, storage, or a variety of business uses. A large overhang door allows for easy vehicle access, making it especially well-suited for contractors, construction or roofing companies needing secure equipment and material storage. This property is also an excellent option for seasonal vehicle storage, providing a practical solution for cars, trucks, or recreational vehicles during the winter months. The expansive rear lot adds even more versatility, with plenty of space for additional outdoor storage such as sea cans or the potential to develop a self-storage operation. Designed for efficiency and comfort, the residential units are well insulated and heated with electric heat, while the commercial space is equipped with both oil heat and a heat pump for year-round climate control. The property offers ample on-site parking and is located in a convenient, high-visibility area. With its large lot and flexible layout, this property presents a rare opportunity for investors, business owners, or developers looking to maximize both residential and commercial income streams.

Listing Details

Address
340 Reserve Street, Glace Bay, B1A 1C6

Status
ACTIVE
Listing Price
$650,000
MLS®
202616017
Type
n/a
Style
---
Age
0
Square Footage (MLA)
2,000  ft2
Total Fin SqFt (TLA)
2,000  ft2
PID
15453533

Water
Municipal
Sewer
---
Utilities
Cable,Electrical,Municipal Water,Sewer

Building Specifications

Foundation Type
---
Roof
Asphalt Shingle
Exterior Finish
---
Flooring
Concrete
RE/MAX Commercial

Garage & Parking

Garage
Y
Details
40X100 less 500 square feet

Sales History

Demographic Data

Demographic data is based on the dissemination area that contains the listing parcel . Dissemination Areas are small areas composed of one or more neighbouring dissemination blocks. All of Canada is divided into dissemination areas. Data source: Environics Analytics via ArcGIS Online, 2021

Population Size

752

Median Age

52.1

Avg Household Size

2.0

Avg House Income

$85K

The number of people for each age range.

How the population of this area is expected to change.

The highest level of education obtained by people within this area.

The maritial status of the people in this area.

The average household income within this area.

The number of people that rent versus own.

When the buildings in the area were constructed.

The number of children at home for the given age ranges.

The occupations of the people living here.

Tax Assessment

Year Amount % Change
2024 $98,300 ---
2023 $84,700 ---
2022 $77,800 ---
2021 $75,500 ---
2020 $74,700 ---
2019 $71,600 ---
2018 $69,400 ---
2017 $68,300 ---
2016 $66,000 ---
2015 $66,000 ---
2013 $80,500 ---
2012 $78,900 ---

Maps

Last Updated On: 6/30/2026 10:18:32 AM (UTC)