Overview of Akushiizu Shoubu Ike Ichiban Kan (アクシーズ菖蒲池一番館)
Akushiizu Shoubu Ike Ichiban Kan (アクシーズ菖蒲池一番館) is a 29-year-old condominium located at Nagakute Shi Shoubu Ike 1605 (長久手市菖蒲池1605), Aichi, Japan. Built in 1997, it comprises 121 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Taiseikensetsu (大成建設).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 1,580〜2,499万円 (approx. $105,333–$166,600 USD at ¥150/$).
Unit sizes range from 72.0–91.7 sqm (775–987 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥26.5万/sqm (approx. $1,767/sqm or $164/sqft).
Location & Neighborhood
The property is located at Nagakute Shi Shoubu Ike 1605 (長久手市菖蒲池1605), Aichi, Japan. It is a 12-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 121 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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