Overview of Shimada Hashi Juutaku 1 Goutou (島田橋住宅１号棟)
Shimada Hashi Juutaku 1 Goutou (島田橋住宅１号棟) is a 51-year-old condominium located at Nagoyashi Tenhakuku Shimada 2 Choume 301 (名古屋市天白区島田2丁目301), Aichi, Japan. Built in 1975, it comprises 96 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 480〜1,690万円 (approx. $32,000–$112,667 USD at ¥150/$).
Unit sizes range from 70.3–82.5 sqm (757–888 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: ¥20.1万/sqm (approx. $1,338/sqm or $124/sqft).
Location & Neighborhood
The property is located at Nagoyashi Tenhakuku Shimada 2 Choume 301 (名古屋市天白区島田2丁目301), Aichi, Japan. It is a 16-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Seismic standards: Built in 1975, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 51 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 96 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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