Overview of Chisanmanshon Odai (チサンマンション小田井)
Chisanmanshon Odai (チサンマンション小田井) is a 43-year-old condominium located at Kiyosu Shi Nishi Biwa Shima Machi Shiro Nami 3 Choume 16-1 (清須市西枇杷島町城並3丁目16-1), Aichi, Japan. Built in 1983, it comprises 19 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi (淺沼組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥28.1万/sqm (approx. $1,875/sqm or $174/sqft).
Location & Neighborhood
The property is located at Kiyosu Shi Nishi Biwa Shima Machi Shiro Nami 3 Choume 16-1 (清須市西枇杷島町城並3丁目16-1), Aichi, Japan. It is a 8-minute walk to the nearest station. This is considered good station access by Japanese standards.
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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