340 Reserve Street, Glace Bay
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. (id:1945)
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Property details for 340 Reserve Street, Glace Bay
- Type
- Commercial
- Lot Size
- 1.3805
- Parking
- Gravel
- Heating
- Heat Pump, Baseboard heaters, Electric, Ductless
- Cooling
- Air Conditioned
- Ownership
- Freehold
Nearby Listings Stat
Estimated price and comparable properties near 340 Reserve Street
Active Listings
47
Min Price
$7,000
Max Price
$825,000
Avg Price
$210,091
Days on Market
131
days
Sold Listings
5
Min Sold Price
$84,900
Max Sold Price
$290,000
Avg Sold Price
$182,760
Days until Sold
94
days
Neighbourhood Census Data
Cape Breton, Nova Scotia / Nouvelle-Écosse
Population
749
Median Age
51.4
Median Income
$28,864
Dwelling Value
$155,112
Housing Tenure
Owners 67%
Renters 33%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.1
Pop. Density: 482.6/km²
Avg Shelter Cost: $860/mo
Owners with Mortgage: 40%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 54.5%
English only: 96.7%
English and French: 3.3%
Median Household Income: $52,672
Median Employment Income: $32,768
Price History
Listed
June 30, 2026
by RE/MAX Park Place Inc.
Current Price
$650,000
Type
Commercial
For Sale
