Overview of Shatoo Okazaki 1 Ban Kan (シャトー岡崎１番館)
Shatoo Okazaki 1 Ban Kan (シャトー岡崎１番館) is a 35-year-old condominium located at Okazakishi Oonishimachi Nita 7-3 (岡崎市大西町仁田7-3), Aichi, Japan. Built in 1991, it comprises 27 units in a Reinforced Concrete (RC) structure. It was constructed by Touyou Kensetsu , Nakamura Kensetsu (東洋建設、 中村建設).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 930〜1,480万円 (approx. $62,000–$98,667 USD at ¥150/$).
Unit sizes range from 65.3–80.7 sqm (703–869 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Okazakishi Oonishimachi Nita 7-3 (岡崎市大西町仁田7-3), 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 35 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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