Overview of Banbeeru Shimoichi Ba (バンベール下市場)
Banbeeru Shimoichi Ba (バンベール下市場) is a 34-year-old condominium located at Toyotashi Shimoichi Ba Machi 8 Choume 38-2 (豊田市下市場町8丁目38-2), Aichi, Japan. Built in 1992, it comprises 87 units in a Reinforced Concrete (RC) structure. It was constructed by Yahagi Kensetsu Kougyou (矢作建設工業).
Pricing & Floor Plans
Based on 40 past listings, prices have ranged from 1,280〜3,480万円 (approx. $85,333–$232,000 USD at ¥150/$).
Unit sizes range from 72.2–136.3 sqm (777–1467 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.9万/sqm (approx. $1,657/sqm or $154/sqft).
Location & Neighborhood
The property is located at Toyotashi Shimoichi Ba Machi 8 Choume 38-2 (豊田市下市場町8丁目38-2), Aichi, Japan. It is a 17-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 87 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.
Analyze this property's fair price and negotiation room for free at RE:public.