Overview of Tadamichi Manshon B Tou (忠道マンションＢ棟)
Tadamichi Manshon B Tou (忠道マンションＢ棟) is a 42-year-old condominium located at Nagoyashi Minamiku Toyoda 5 Choume 15-30 (名古屋市南区豊田5丁目15-30), Aichi, Japan. Built in 1984, it comprises 53 units in a Reinforced Concrete (RC) structure. It was constructed by Nittou Kensetsu (日東建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥15.0万/sqm (approx. $1,000/sqm or $93/sqft).
Location & Neighborhood
The property is located at Nagoyashi Minamiku Toyoda 5 Choume 15-30 (名古屋市南区豊田5丁目15-30), Aichi, Japan. It is a 10-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 42 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 53 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.
Analyze this property's fair price and negotiation room for free at RE:public.