Overview of Aabanraifu Funamachi (アーバンライフ船町)
Aabanraifu Funamachi (アーバンライフ船町) is a 24-year-old condominium located at Toyohashishi Kitajima Machi 235-3 (豊橋市北島町235-3), Aichi, Japan. Built in 2002, it comprises 54 units in a Reinforced Concrete (RC) structure. It was constructed by San Ritsu Purekon (三立プレコン).
Pricing & Floor Plans
Based on 28 past listings, prices have ranged from 1,500〜2,480万円 (approx. $100,000–$165,333 USD at ¥150/$).
Unit sizes range from 74.8–95.2 sqm (805–1025 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: ¥24.8万/sqm (approx. $1,650/sqm or $153/sqft).
Location & Neighborhood
The property is located at Toyohashishi Kitajima Machi 235-3 (豊橋市北島町235-3), 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 24 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 54 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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