Overview of Takara Manshon Obata Nawashiro (宝マンション小幡苗代)
Takara Manshon Obata Nawashiro (宝マンション小幡苗代) is a 26-year-old condominium located at Nagoyashi Moriyamaku Nawashiro 2 Choume 6-18 (名古屋市守山区苗代2丁目6-18), Aichi, Japan. Built in 2000, it comprises 65 units in a Reinforced Concrete (RC) structure. It was constructed by Touyou Kensetsu (東洋建設).
Pricing & Floor Plans
Based on 43 past listings, prices have ranged from 1,100〜2,480万円 (approx. $73,333–$165,333 USD at ¥150/$).
Unit sizes range from 65.9–80.5 sqm (709–866 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: ¥28.9万/sqm (approx. $1,923/sqm or $179/sqft).
Location & Neighborhood
The property is located at Nagoyashi Moriyamaku Nawashiro 2 Choume 6-18 (名古屋市守山区苗代2丁目6-18), Aichi, Japan. It is a 14-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.
Scale advantage: With 65 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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