Overview of Famiriaare Yamaki (ファミリアーレ山木)
Famiriaare Yamaki (ファミリアーレ山木) is a 23-year-old condominium located at Nagoyashi Nishiku Yamaki 1 Choume 168 (名古屋市西区山木1丁目168), Aichi, Japan. Built in 2003, it comprises 63 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Ooi Kensetsu (大井建設).
Pricing & Floor Plans
Based on 40 past listings, prices have ranged from 1,880〜3,498万円 (approx. $125,333–$233,200 USD at ¥150/$).
Unit sizes range from 72.4–94.0 sqm (779–1012 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥32.0万/sqm (approx. $2,131/sqm or $198/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nishiku Yamaki 1 Choume 168 (名古屋市西区山木1丁目168), Aichi, Japan. It is a 9-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 23 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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