Overview of Takara Manshon Shouwa Kyoukou Sono (宝マンション昭和橋公園)
Takara Manshon Shouwa Kyoukou Sono (宝マンション昭和橋公園) is a 26-year-old condominium located at Nagoyashi Nakagawa Ku Juuichi Banchou 4 Choume 11-3 (名古屋市中川区十一番町4丁目11-3), Aichi, Japan. Built in 2000, it comprises 45 units in a Reinforced Concrete (RC) structure. It was constructed by Sugimoto Kumi (杉本組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥31.0万/sqm (approx. $2,068/sqm or $192/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakagawa Ku Juuichi Banchou 4 Choume 11-3 (名古屋市中川区十一番町4丁目11-3), Aichi, Japan. It is a 10-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 26 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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