Overview of Meitsu Aotsuka (メイツ青塚)
Meitsu Aotsuka (メイツ青塚) is a 32-year-old condominium located at Tsushima Shi Aotsuka Machi 1 Choume 68 (津島市青塚町1丁目68), Aichi, Japan. Built in 1994, it comprises 48 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Matsumura Kumi (松村組).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 970〜1,280万円 (approx. $64,667–$85,333 USD at ¥150/$).
Unit sizes range from 74.8–80.0 sqm (805–861 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥12.8万/sqm (approx. $855/sqm or $79/sqft).
Location & Neighborhood
The property is located at Tsushima Shi Aotsuka Machi 1 Choume 68 (津島市青塚町1丁目68), Aichi, Japan. It is a 2-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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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