Overview of Takara Manshon Higashi Betsuin (宝マンション東別院)
Takara Manshon Higashi Betsuin (宝マンション東別院) is a 31-year-old condominium located at Nagoyashi Nakaku Heiwa 1 Choume 19-3 (名古屋市中区平和1丁目19-3), Aichi, Japan. Built in 1995, it comprises 42 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Ooi Kensetsu (大井建設).
Pricing & Floor Plans
Based on 21 past listings, prices have ranged from 1,730〜3,280万円 (approx. $115,333–$218,667 USD at ¥150/$).
Unit sizes range from 62.8–76.5 sqm (676–823 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥41.1万/sqm (approx. $2,743/sqm or $255/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakaku Heiwa 1 Choume 19-3 (名古屋市中区平和1丁目19-3), Aichi, 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 31 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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