Overview of Shirakabe Machi Shiteihausu (白壁町シティハウス)
Shirakabe Machi Shiteihausu (白壁町シティハウス) is a 27-year-old condominium located at Nagoyashi Higashiku Chikara Machi 4 Choume 45-1 (名古屋市東区主税町4丁目45-1), Aichi, Japan. Built in 1999, it comprises 32 units in a Reinforced Concrete (RC) structure. It was constructed by Kashima Kensetsu (鹿島建設).
Pricing & Floor Plans
Based on 21 past listings, prices have ranged from 2,380〜5,998万円 (approx. $158,667–$399,867 USD at ¥150/$).
Unit sizes range from 80.1–118.3 sqm (862–1273 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥46.8万/sqm (approx. $3,121/sqm or $290/sqft).
Location & Neighborhood
The property is located at Nagoyashi Higashiku Chikara Machi 4 Choume 45-1 (名古屋市東区主税町4丁目45-1), Aichi, Japan. It is a 15-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 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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