Overview of Aaban Toukai 2 (アーバン東海２)
Aaban Toukai 2 (アーバン東海２) is a 40-year-old condominium located at Toukaishi Tomiki Shima Machi Fushimi 3 Choume 6-2 (東海市富木島町伏見3丁目6-2), Aichi, Japan. Built in 1986, it comprises 34 units in a Reinforced Concrete (RC) structure. It was constructed by Shiro Han Kensetsu (白半建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥10.9万/sqm (approx. $729/sqm or $68/sqft).
Location & Neighborhood
The property is located at Toukaishi Tomiki Shima Machi Fushimi 3 Choume 6-2 (東海市富木島町伏見3丁目6-2), Aichi, Japan. It is a 26-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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.
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.