Overview of Meitsu Ko Zoku Kouen (メイツ呼続公園)
Meitsu Ko Zoku Kouen (メイツ呼続公園) is a 24-year-old condominium located at Nagoyashi Minamiku Ooiso Toori 4 Choume 6 (名古屋市南区大磯通4丁目6), Aichi, Japan. Built in 2002, it comprises 40 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 2,150〜3,298万円 (approx. $143,333–$219,867 USD at ¥150/$).
Unit sizes range from 82.6–96.3 sqm (889–1037 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: ¥28.2万/sqm (approx. $1,882/sqm or $175/sqft).
Location & Neighborhood
The property is located at Nagoyashi Minamiku Ooiso Toori 4 Choume 6 (名古屋市南区大磯通4丁目6), Aichi, Japan. It is a 11-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 24 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.
Analyze this property's fair price and negotiation room for free at RE:public.