Overview of Chisanmanshon Tsubakichou (チサンマンション椿町)
Chisanmanshon Tsubakichou (チサンマンション椿町) is a 41-year-old condominium located at Nagoyashi Nakamuraku Tsubakichou 19-7 (名古屋市中村区椿町19-7), Aichi, Japan. Built in 1985, it comprises 46 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toda Kensetsu (戸田建設).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 430〜1,890万円 (approx. $28,667–$126,000 USD at ¥150/$).
Unit sizes range from 16.2–49.8 sqm (174–536 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥34.9万/sqm (approx. $2,329/sqm or $216/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakamuraku Tsubakichou 19-7 (名古屋市中村区椿町19-7), Aichi, Japan. It is a 3-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 41 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
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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