Overview of Yamate Toori Shiteihausu (山手通シティハウス)
Yamate Toori Shiteihausu (山手通シティハウス) is a 28-year-old condominium located at Nagoyashi Shouwaku Yamate Toori 2 Choume 2-3 (名古屋市昭和区山手通2丁目2-3), Aichi, Japan. Built in 1998, it comprises 117 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 95 past listings, prices have ranged from 1,980〜5,580万円 (approx. $132,000–$372,000 USD at ¥150/$).
Unit sizes range from 71.1–126.2 sqm (765–1358 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥43.2万/sqm (approx. $2,880/sqm or $268/sqft).
Location & Neighborhood
The property is located at Nagoyashi Shouwaku Yamate Toori 2 Choume 2-3 (名古屋市昭和区山手通2丁目2-3), Aichi, Japan. It is a 4-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 117 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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