Overview of Paresu Tsushima (パレス津島)
Paresu Tsushima (パレス津島) is a 43-year-old condominium located at Tsushima Shi Waibara Machi Kawara 136-1 (津島市莪原町河原136-1), Aichi, Japan. Built in 1983, it comprises 31 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Shouwa Doken (昭和土建).
Pricing & Floor Plans
Based on 28 past listings, prices have ranged from 375〜830万円 (approx. $25,000–$55,333 USD at ¥150/$).
Unit sizes range from 63.6–74.6 sqm (685–803 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥7.0万/sqm (approx. $469/sqm or $44/sqft).
Location & Neighborhood
The property is located at Tsushima Shi Waibara Machi Kawara 136-1 (津島市莪原町河原136-1), Aichi, Japan. It is a 37-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 43 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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