Overview of Banbeeru Taira Shiba (バンベール平芝)
Banbeeru Taira Shiba (バンベール平芝) is a 36-year-old condominium located at Toyotashi Taira Shiba Machi 4 Choume 4-1 (豊田市平芝町4丁目4-1), Aichi, Japan. Built in 1990, it comprises 55 units in a Reinforced Concrete (RC) structure. It was constructed by Yahagi Kensetsu Kougyou (矢作建設工業).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 1,290〜2,290万円 (approx. $86,000–$152,667 USD at ¥150/$).
Unit sizes range from 75.2–97.0 sqm (809–1044 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥17.0万/sqm (approx. $1,133/sqm or $105/sqft).
Location & Neighborhood
The property is located at Toyotashi Taira Shiba Machi 4 Choume 4-1 (豊田市平芝町4丁目4-1), 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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 55 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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