Nolde Bakery Condos For Sale
The Nolde Bakery Condos are located on Richmond's Church Hill along Broad Street between 26th and 27th Streets. It was developed initially in the middle 2000's just prior to the market crash of 2008-11.
After selling several units before completion, a combination of delivery issues, market adjustments, condo mortgage rule changes and increased competition, the developer elected to discontinue sales efforts and lease the remaining units. This obviously hurt the value of the existing owner's units and prices within the complex fell dramitically.
In the spring of 2013 with the crash of 2008 in the rear view mirror, the developer began a marketing program to sell the units as leases expired.
Nolde offers industrial-styled units of 1 and 2 bedrooms with loft spaces and large factory windows. The project has a good amenity package consisting of parking, an exercise room, green space and a movie theater room for residents.