Overview of Mezondovire Shibuya (メゾンドヴィレ渋谷)
Mezondovire Shibuya (メゾンドヴィレ渋谷) is a 28-year-old condominium located at Shibuyaku Kamiizumi Machi 11-5 (渋谷区神泉町11-5), Tokyo, Japan. Built in 1998, it comprises 60 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Ichiken (イチケン).
Pricing & Floor Plans
Based on 36 past listings, prices have ranged from 1,980〜3,540万円 (approx. $132,000–$236,000 USD at ¥150/$).
Unit sizes range from 25.3–25.8 sqm (272–278 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1 R (1 R).
Estimated price per sqm: ¥103.0万/sqm (approx. $6,865/sqm or $638/sqft).
Location & Neighborhood
The property is located at Shibuyaku Kamiizumi Machi 11-5 (渋谷区神泉町11-5), Tokyo, Japan. It is a 4-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 60 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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