Overview of Itoopia Katsukawa (イトーピア勝川)
Itoopia Katsukawa (イトーピア勝川) is a 27-year-old condominium located at Kasugai Shidai Kazumichi 2 Choume 19-1 (春日井市大和通2丁目19-1), Aichi, Japan. Built in 1999, it comprises 26 units in a Reinforced Concrete (RC) structure. It was constructed by Meikou Kensetsu (名工建設).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 1,580〜2,590万円 (approx. $105,333–$172,667 USD at ¥150/$).
Unit sizes range from 68.7–85.7 sqm (739–922 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥33.5万/sqm (approx. $2,231/sqm or $207/sqft).
Location & Neighborhood
The property is located at Kasugai Shidai Kazumichi 2 Choume 19-1 (春日井市大和通2丁目19-1), 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 27 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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