Overview of Neohaitsu Heian (ネオハイツ平安)
Neohaitsu Heian (ネオハイツ平安) is a 44-year-old condominium located at Nagoyashi Kitaku Sai Kurenai Hashi Toori 1 Choume 1-5 (名古屋市北区彩紅橋通1丁目1-5), Aichi, Japan. Built in 1982, it comprises 63 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toda Kensetsu (戸田建設).
Pricing & Floor Plans
Based on 16 past listings, prices have ranged from 880〜2,290万円 (approx. $58,667–$152,667 USD at ¥150/$).
Unit sizes range from 52.5–81.1 sqm (565–873 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Nagoyashi Kitaku Sai Kurenai Hashi Toori 1 Choume 1-5 (名古屋市北区彩紅橋通1丁目1-5), Aichi, Japan. It is a 3-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 44 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 63 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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