Overview of Touwa Shiteikoopu Kariya Ekimae 3 (藤和シティコープ刈谷駅前３)
Touwa Shiteikoopu Kariya Ekimae 3 (藤和シティコープ刈谷駅前３) is a 30-year-old condominium located at Kariyashi Aioichou 1 Choume 22 (刈谷市相生町1丁目22), Aichi, Japan. Built in 1996, it comprises 47 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Matsumura Kumi (松村組).
Pricing & Floor Plans
Based on 21 past listings, prices have ranged from 1,400〜2,780万円 (approx. $93,333–$185,333 USD at ¥150/$).
Unit sizes range from 69.0–85.2 sqm (743–917 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥37.3万/sqm (approx. $2,485/sqm or $231/sqft).
Location & Neighborhood
The property is located at Kariyashi Aioichou 1 Choume 22 (刈谷市相生町1丁目22), Aichi, Japan. It is a 2-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 30 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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