Overview of Koopu Nomura Iwakura (コープ野村岩倉)
Koopu Nomura Iwakura (コープ野村岩倉) is a 34-year-old condominium located at Iwakura Shi Shinryuu Machi 1 Choume 35-3 (岩倉市新柳町1丁目35-3), Aichi, Japan. Built in 1992, it comprises 186 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Dainippon Doboku (大日本土木).
Pricing & Floor Plans
Based on 10 past listings, prices have ranged from 1,380〜2,380万円 (approx. $92,000–$158,667 USD at ¥150/$).
Unit sizes range from 75.8–97.8 sqm (816–1053 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Iwakura Shi Shinryuu Machi 1 Choume 35-3 (岩倉市新柳町1丁目35-3), Aichi, Japan. It is a 5-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 186 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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