Overview of Purinsesu Eki Nishi (プリンセス駅西)
Purinsesu Eki Nishi (プリンセス駅西) is a 40-year-old condominium located at Toyohashishi Hachi Toorichou 120-3 (豊橋市八通町120-3), Aichi, Japan. Built in 1986, it comprises 40 units in a Reinforced Concrete (RC) structure. It was constructed by Shinnihon Kensetsu (新日本建設).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 120〜250万円 (approx. $8,000–$16,667 USD at ¥150/$).
Unit sizes range from 15.6–22.2 sqm (168–239 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥9.8万/sqm (approx. $655/sqm or $61/sqft).
Location & Neighborhood
The property is located at Toyohashishi Hachi Toorichou 120-3 (豊橋市八通町120-3), Aichi, Japan. It is a 5-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 40 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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