Overview of Viare Issha (ヴィアレ一社)
Viare Issha (ヴィアレ一社) is a 29-year-old condominium located at Nagoyashi Meitou Ku Issha 2 Choume 133 (名古屋市名東区一社2丁目133), Aichi, Japan. Built in 1997, it comprises 18 units in a Reinforced Concrete (RC) structure. It was constructed by Toukyuukensetsu (東急建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥49.1万/sqm (approx. $3,271/sqm or $304/sqft).
Location & Neighborhood
The property is located at Nagoyashi Meitou Ku Issha 2 Choume 133 (名古屋市名東区一社2丁目133), Aichi, Japan. It is a 6-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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