Overview of Sanshitei Kawarachou (サンシティ瓦町)
Sanshitei Kawarachou (サンシティ瓦町) is a 42-year-old condominium located at Nagoyashi Nakaku Shin'ei 1 Choume 12-28 (名古屋市中区新栄1丁目12-28), Aichi, Japan. Built in 1984, it comprises 24 units in a Reinforced Concrete (RC) structure. It was constructed by Ooi Kensetsu (大井建設).
Pricing & Floor Plans
Based on 47 past listings, prices have ranged from 550〜1,380万円 (approx. $36,667–$92,000 USD at ¥150/$).
Unit sizes range from 35.2–46.9 sqm (379–505 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1R (Studio), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥22.8万/sqm (approx. $1,523/sqm or $141/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakaku Shin'ei 1 Choume 12-28 (名古屋市中区新栄1丁目12-28), Aichi, Japan. It is a 7-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 42 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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