Overview of Kanaya Kouen Sanhaitsu (金屋公園サンハイツ)
Kanaya Kouen Sanhaitsu (金屋公園サンハイツ) is a 40-year-old condominium located at Nagoyashi Moriyamaku Kanaya 2 Choume 48 (名古屋市守山区金屋2丁目48), Aichi, Japan. Built in 1986, it comprises 73 units in a Reinforced Concrete (RC) structure. It was constructed by Mitsuikensetsu (三井建設).
Pricing & Floor Plans
Based on 35 past listings, prices have ranged from 980〜2,850万円 (approx. $65,333–$190,000 USD at ¥150/$).
Unit sizes range from 66.5–78.0 sqm (716–840 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥22.9万/sqm (approx. $1,525/sqm or $142/sqft).
Location & Neighborhood
The property is located at Nagoyashi Moriyamaku Kanaya 2 Choume 48 (名古屋市守山区金屋2丁目48), Aichi, Japan. It is a 7-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 40 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 73 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.
Analyze this property's fair price and negotiation room for free at RE:public.