Overview of Reinboo Shikatsu (レインボー師勝)
Reinboo Shikatsu (レインボー師勝) is a 32-year-old condominium located at Kitanagoya Shi Shikata Minami Kama Yashiki 678 (北名古屋市鹿田南蒲屋敷678), Aichi, Japan. Built in 1994, it comprises 41 units in a Reinforced Concrete (RC) structure. It was constructed by Ishida Kumi (石田組).
Pricing & Floor Plans
Based on 10 past listings, prices have ranged from 1,400〜2,180万円 (approx. $93,333–$145,333 USD at ¥150/$).
Unit sizes range from 69.5–80.6 sqm (748–868 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥21.2万/sqm (approx. $1,416/sqm or $132/sqft).
Location & Neighborhood
The property is located at Kitanagoya Shi Shikata Minami Kama Yashiki 678 (北名古屋市鹿田南蒲屋敷678), Aichi, Japan. It is a 15-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 32 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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