Overview of Aabanshitei Shiga Hondoori (アーバンシティ志賀本通)
Aabanshitei Shiga Hondoori (アーバンシティ志賀本通) is a 35-year-old condominium located at Nagoyashi Kitaku Shiga Hondoori 2 Choume 47 (名古屋市北区志賀本通2丁目47), Aichi, Japan. Built in 1991, it comprises 21 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kuni Kensetsu (六合建設).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 1,580〜2,980万円 (approx. $105,333–$198,667 USD at ¥150/$).
Unit sizes range from 77.6–92.5 sqm (835–996 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Nagoyashi Kitaku Shiga Hondoori 2 Choume 47 (名古屋市北区志賀本通2丁目47), 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 35 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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