Overview of Nabitaun Kounan 2 Niban Kan (ナビタウン江南２二番館)
Nabitaun Kounan 2 Niban Kan (ナビタウン江南２二番館) is a 36-year-old condominium located at Kounan Shichuu Narachou Kumano 48-2 (江南市中奈良町熊野48-2), Aichi, Japan. Built in 1990, it comprises 54 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 16 past listings, prices have ranged from 680〜1,550万円 (approx. $45,333–$103,333 USD at ¥150/$).
Unit sizes range from 68.5–77.0 sqm (737–829 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥14.9万/sqm (approx. $996/sqm or $93/sqft).
Location & Neighborhood
The property is located at Kounan Shichuu Narachou Kumano 48-2 (江南市中奈良町熊野48-2), Aichi, Japan. It is a 15-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 54 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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