Overview of Raifupuraza Ka Kiya Ichiban Kan (ライフプラザ加木屋壱番館)
Raifupuraza Ka Kiya Ichiban Kan (ライフプラザ加木屋壱番館) is a 34-year-old condominium located at Toukaishi Ka Kiyamachi Yama Yuki Waki 60-2 (東海市加木屋町山之脇60-2), Aichi, Japan. Built in 1992, it comprises 165 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Taiheikougyou (太平工業).
Pricing & Floor Plans
Based on 44 past listings, prices have ranged from 980〜2,048万円 (approx. $65,333–$136,533 USD at ¥150/$).
Unit sizes range from 84.6–98.4 sqm (911–1059 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥17.7万/sqm (approx. $1,183/sqm or $110/sqft).
Location & Neighborhood
The property is located at Toukaishi Ka Kiyamachi Yama Yuki Waki 60-2 (東海市加木屋町山之脇60-2), Aichi, Japan. It is a 27-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 165 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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