Overview of Itoopia Kariya Manshon (イトーピア刈谷マンション)
Itoopia Kariya Manshon (イトーピア刈谷マンション) is a 37-year-old condominium located at Kariyashi Hirokouji 6 Choume 27 (刈谷市広小路6丁目27), Aichi, Japan. Built in 1989, it comprises 46 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Based on 29 past listings, prices have ranged from 890〜2,890万円 (approx. $59,333–$192,667 USD at ¥150/$).
Unit sizes range from 66.7–99.9 sqm (718–1075 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.4万/sqm (approx. $1,297/sqm or $120/sqft).
Location & Neighborhood
The property is located at Kariyashi Hirokouji 6 Choume 27 (刈谷市広小路6丁目27), 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 37 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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