Overview of Torejaa Ashida (トレジャー芦田)
Torejaa Ashida (トレジャー芦田) is a 29-year-old condominium located at Komatsu Shi Ashida Machi 2 Choume 23 (小松市芦田町2丁目23), Ishikawa, Japan. Built in 1997, it comprises 28 units in a Reinforced Concrete (RC) structure. It was constructed by Shinooka Kensetsu (篠岡建設).
Pricing & Floor Plans
Based on 7 past listings, prices have ranged from 680〜1,480万円 (approx. $45,333–$98,667 USD at ¥150/$).
Unit sizes range from 62.0–68.4 sqm (667–736 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), 2LK (2LK).
Estimated price per sqm: ¥16.7万/sqm (approx. $1,112/sqm or $103/sqft).
Location & Neighborhood
The property is located at Komatsu Shi Ashida Machi 2 Choume 23 (小松市芦田町2丁目23), Ishikawa, Japan. It is a 10-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
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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