Overview of Karuteia Tokugawa (カルティア徳川)
Karuteia Tokugawa (カルティア徳川) is a 26-year-old condominium located at Nagoyashi Higashiku Dekimachi 1 Choume 10-2 (名古屋市東区出来町1丁目10-2), Aichi, Japan. Built in 2000, it comprises 40 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nippon Kensetsu (日本建設).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 1,980〜3,590万円 (approx. $132,000–$239,333 USD at ¥150/$).
Unit sizes range from 72.6–82.4 sqm (781–887 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥42.2万/sqm (approx. $2,815/sqm or $261/sqft).
Location & Neighborhood
The property is located at Nagoyashi Higashiku Dekimachi 1 Choume 10-2 (名古屋市東区出来町1丁目10-2), Aichi, Japan. It is a 15-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 26 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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