Overview of Paresu Jinguuji (パレス神宮寺)
Paresu Jinguuji (パレス神宮寺) is a 40-year-old condominium located at Nagoyashi Minatoku Jinguuji 2 Choume 801-2 (名古屋市港区神宮寺2丁目801-2), Aichi, Japan. Built in 1986, it comprises 15 units in a Reinforced Concrete (RC) structure. It was constructed by Yano Kensetsu (矢野建設).
Pricing & Floor Plans
Based on 16 past listings, prices have ranged from 570〜1,180万円 (approx. $38,000–$78,667 USD at ¥150/$).
Unit sizes range from 60.9–73.7 sqm (656–793 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Nagoyashi Minatoku Jinguuji 2 Choume 801-2 (名古屋市港区神宮寺2丁目801-2), 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 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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