Overview of Soshiaruseiwa Meieki Kita (ソシアルセイワ名駅北)
Soshiaruseiwa Meieki Kita (ソシアルセイワ名駅北) is a 29-year-old condominium located at Nagoyashi Nishiku Nagono 2 Choume 10-6 (名古屋市西区那古野2丁目10-6), Aichi, Japan. Built in 1997, it comprises 41 units in a Reinforced Concrete (RC) structure. It was constructed by Kondou Kumi (近藤組).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 1,730〜4,450万円 (approx. $115,333–$296,667 USD at ¥150/$).
Unit sizes range from 60.6–104.2 sqm (652–1122 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥54.2万/sqm (approx. $3,613/sqm or $336/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nishiku Nagono 2 Choume 10-6 (名古屋市西区那古野2丁目10-6), 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 29 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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