Overview of Misato Paakumanshon (三郷パークマンション)
Misato Paakumanshon (三郷パークマンション) is a 42-year-old condominium located at Owariasahi Shi Touei Machi 4 Choume 6-17 (尾張旭市東栄町4丁目6-17), Aichi, Japan. Built in 1984, it comprises 71 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Andou Kensetsu (安藤建設).
Pricing & Floor Plans
Based on 78 past listings, prices have ranged from 730〜1,980万円 (approx. $48,667–$132,000 USD at ¥150/$).
Unit sizes range from 70.0–87.6 sqm (753–943 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 1R (Studio), 1R+S (Studio), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥14.3万/sqm (approx. $953/sqm or $89/sqft).
Location & Neighborhood
The property is located at Owariasahi Shi Touei Machi 4 Choume 6-17 (尾張旭市東栄町4丁目6-17), Aichi, Japan. It is a 6-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 42 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 71 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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