Overview of Rikotto Okazaki Shiro (リコット岡崎城)
Rikotto Okazaki Shiro (リコット岡崎城) is a 5-year-old condominium located at Okazakishi Hachi Chou Kitamachi 3-19 (岡崎市八帖北町3-19), Aichi, Japan. Built in 2021, it comprises 70 units in a Reinforced Concrete (RC) structure. It was constructed by Iwabe Kensetsu (岩部建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥47.4万/sqm (approx. $3,163/sqm or $294/sqft).
Location & Neighborhood
The property is located at Okazakishi Hachi Chou Kitamachi 3-19 (岡崎市八帖北町3-19), Aichi, Japan. It is a 12-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Scale advantage: With 70 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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