Overview of Toki Yuki Shima Manshon (時之島マンション)
Toki Yuki Shima Manshon (時之島マンション) is a 49-year-old condominium located at Ichinomiya Shi Toki Yuki Shima Douyama 1-6 , Enmei Tera 30-33 (一宮市時之島堂山1-6、円明寺30-33), Aichi, Japan. Built in 1977, it comprises 57 units in a Reinforced Concrete (RC) structure. It was constructed by Nakamura Kougyou (中村工業).
Pricing & Floor Plans
Based on 16 past listings, prices have ranged from 130〜598万円 (approx. $8,667–$39,867 USD at ¥150/$).
Unit sizes range from 53.0–73.7 sqm (570–793 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥3.7万/sqm (approx. $244/sqm or $23/sqft).
Location & Neighborhood
The property is located at Ichinomiya Shi Toki Yuki Shima Douyama 1-6 , Enmei Tera 30-33 (一宮市時之島堂山1-6、円明寺30-33), Aichi, Japan. It is a 10-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Seismic standards: Built in 1977, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 49 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 57 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.
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