Overview of Nobakaneichi Toyonaka (ノバカネイチ豊中)
Nobakaneichi Toyonaka (ノバカネイチ豊中) is a 40-year-old condominium located at Toyonakashi Shounai Saiwaichou 3 Choume 7-22 (豊中市庄内幸町3丁目7-22), Osaka, Japan. Built in 1986, it comprises 64 units in a Reinforced Concrete (RC) structure. It was constructed by Okumura Kumi (奥村組).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 630〜2,850万円 (approx. $42,000–$190,000 USD at ¥150/$).
Unit sizes range from 37.6–70.3 sqm (405–757 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥25.5万/sqm (approx. $1,699/sqm or $158/sqft).
Location & Neighborhood
The property is located at Toyonakashi Shounai Saiwaichou 3 Choume 7-22 (豊中市庄内幸町3丁目7-22), Osaka, 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 40 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 64 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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