Overview of Toppu Ikebukuro (トップ池袋)
Toppu Ikebukuro (トップ池袋) is a 41-year-old condominium located at Toyoshima Ku Ikebukuro 2 Choume 56-1 (豊島区池袋2丁目56-1), Tokyo, Japan. Built in 1985, it comprises 99 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Based on 95 past listings, prices have ranged from 690〜1,599万円 (approx. $46,000–$106,600 USD at ¥150/$).
Unit sizes range from 12.4–16.6 sqm (133–179 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥96.0万/sqm (approx. $6,400/sqm or $595/sqft).
Location & Neighborhood
The property is located at Toyoshima Ku Ikebukuro 2 Choume 56-1 (豊島区池袋2丁目56-1), Tokyo, Japan. It is a 7-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 41 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 99 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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