Overview of Takara Manshon Matsubara (宝マンション松原)
Takara Manshon Matsubara (宝マンション松原) is a 28-year-old condominium located at Nagoyashi Nakaku Matsubara 3 Choume 2-30 (名古屋市中区松原3丁目2-30), Aichi, Japan. Built in 1998, it comprises 64 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Ooi Kensetsu (大井建設).
Pricing & Floor Plans
Based on 43 past listings, prices have ranged from 1,410〜3,490万円 (approx. $94,000–$232,667 USD at ¥150/$).
Unit sizes range from 68.9–81.0 sqm (742–872 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥42.4万/sqm (approx. $2,825/sqm or $262/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakaku Matsubara 3 Choume 2-30 (名古屋市中区松原3丁目2-30), Aichi, Japan. It is a 9-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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 64 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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