Overview of Nabishitei Shi Ken Ie (ナビシティ四軒家)
Nabishitei Shi Ken Ie (ナビシティ四軒家) is a 37-year-old condominium located at Nagoyashi Moriyamaku Shi Ken Ie 2 Choume 548 (名古屋市守山区四軒家2丁目548), Aichi, Japan. Built in 1989, it comprises 15 units in a Reinforced Concrete (RC) structure. It was constructed by Nittou Kensetsu (日東建設).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 690〜2,300万円 (approx. $46,000–$153,333 USD at ¥150/$).
Unit sizes range from 54.8–154.9 sqm (590–1667 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥14.1万/sqm (approx. $937/sqm or $87/sqft).
Location & Neighborhood
The property is located at Nagoyashi Moriyamaku Shi Ken Ie 2 Choume 548 (名古屋市守山区四軒家2丁目548), Aichi, Japan. It is a 20-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 37 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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