Overview of Takara Manshon Mizuho (宝マンション瑞穂)
Takara Manshon Mizuho (宝マンション瑞穂) is a 32-year-old condominium located at Nagoyashi Mizuho Ku Honganji Machi 2 Choume 68-3 (名古屋市瑞穂区本願寺町2丁目68-3), Aichi, Japan. Built in 1994, it comprises 29 units in a Reinforced Concrete (RC) structure. It was constructed by Zenidaka Kumi (錢高組).
Pricing & Floor Plans
Based on 12 past listings, prices have ranged from 1,500〜2,798万円 (approx. $100,000–$186,533 USD at ¥150/$).
Unit sizes range from 63.6–80.4 sqm (685–865 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Nagoyashi Mizuho Ku Honganji Machi 2 Choume 68-3 (名古屋市瑞穂区本願寺町2丁目68-3), Aichi, Japan. It is a 7-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 32 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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