Overview of Sanpaaku Shindou (サンパーク新道)
Sanpaaku Shindou (サンパーク新道) is a 31-year-old condominium located at Nagoyashi Nishiku Shindou 1 Choume 11-15 (名古屋市西区新道1丁目11-15), Aichi, Japan. Built in 1995, it comprises 17 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Chizaki Kougyou (地崎工業).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 1,580〜3,680万円 (approx. $105,333–$245,333 USD at ¥150/$).
Unit sizes range from 70.2–90.5 sqm (756–974 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Nagoyashi Nishiku Shindou 1 Choume 11-15 (名古屋市西区新道1丁目11-15), Aichi, Japan. It is a 7-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 31 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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