Overview of Takara Manshon Tsukiji Uesuto San Ban Kan (宝マンション築地ウエスト参番館)
Takara Manshon Tsukiji Uesuto San Ban Kan (宝マンション築地ウエスト参番館) is a 28-year-old condominium located at Nagoyashi Minatoku Nakagawa Honchou 5 Choume 1-38 (名古屋市港区中川本町5丁目1-38), Aichi, Japan. Built in 1998, it comprises 45 units in a Reinforced Concrete (RC) structure. It was constructed by Zenidaka Kumi (銭高組).
Pricing & Floor Plans
Based on 34 past listings, prices have ranged from 1,090〜1,890万円 (approx. $72,667–$126,000 USD at ¥150/$).
Unit sizes range from 66.3–79.0 sqm (714–850 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥16.4万/sqm (approx. $1,095/sqm or $102/sqft).
Location & Neighborhood
The property is located at Nagoyashi Minatoku Nakagawa Honchou 5 Choume 1-38 (名古屋市港区中川本町5丁目1-38), Aichi, Japan. It is a 10-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 28 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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