Overview of Mezon・do・etowaaru (メゾン・ド・エトワール)
Mezon・do・etowaaru (メゾン・ド・エトワール) is a 38-year-old condominium located at Nagoyashi Meitou Kumei Higashimoto Toori 4 Choume 41 (名古屋市名東区名東本通4丁目41), Aichi, Japan. Built in 1988, it comprises 123 units in a Reinforced Concrete (RC) structure. It was constructed by Fudou Kensetsu (不動建設).
Pricing & Floor Plans
Based on 121 past listings, prices have ranged from 160〜370万円 (approx. $10,667–$24,667 USD at ¥150/$).
Unit sizes range from 14.1–20.6 sqm (152–222 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥18.2万/sqm (approx. $1,212/sqm or $113/sqft).
Location & Neighborhood
The property is located at Nagoyashi Meitou Kumei Higashimoto Toori 4 Choume 41 (名古屋市名東区名東本通4丁目41), Aichi, Japan. It is a 13-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 38 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 123 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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