Overview of Saarashitei Minato Touri (サーラシティみなと通り)
Saarashitei Minato Touri (サーラシティみなと通り) is a 37-year-old condominium located at Toyohashishi Higashi Waki 1 Choume 3-5 (豊橋市東脇1丁目3-5), Aichi, Japan. Built in 1989, it comprises 60 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥19.7万/sqm (approx. $1,311/sqm or $122/sqft).
Location & Neighborhood
The property is located at Toyohashishi Higashi Waki 1 Choume 3-5 (豊橋市東脇1丁目3-5), Aichi, Japan. It is a 19-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 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 60 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.
Analyze this property's fair price and negotiation room for free at RE:public.