Overview of Paakushitei Mizuno B Tou (パークシティ水野Ｂ棟)
Paakushitei Mizuno B Tou (パークシティ水野Ｂ棟) is a 37-year-old condominium located at Seto Shi Kitayama Machi 93 (瀬戸市北山町93), Aichi, Japan. Built in 1989, it comprises 198 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥16.0万/sqm (approx. $1,064/sqm or $99/sqft).
Location & Neighborhood
The property is located at Seto Shi Kitayama Machi 93 (瀬戸市北山町93), Aichi, Japan. It is a 4-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 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 198 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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