Overview of Takara Manshon Doutoku Higashi (宝マンション道徳東)
Takara Manshon Doutoku Higashi (宝マンション道徳東) is a 31-year-old condominium located at Nagoyashi Minamiku Toyoda 2 Choume 6-14 (名古屋市南区豊田2丁目6-14), Aichi, Japan. Built in 1995, it comprises 28 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Magara Kensetsu (真柄建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥28.9万/sqm (approx. $1,924/sqm or $179/sqft).
Location & Neighborhood
The property is located at Nagoyashi Minamiku Toyoda 2 Choume 6-14 (名古屋市南区豊田2丁目6-14), Aichi, Japan. It is a 9-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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