Overview of Takara Manshon Higashi Ki Dai 7 (宝マンション東起第７)
Takara Manshon Higashi Ki Dai 7 (宝マンション東起第７) is a 25-year-old condominium located at Nagoyashi Nakagawa Ku Nishinaka Shima 2 Choume 813 (名古屋市中川区西中島2丁目813), Aichi, Japan. Built in 2001, it comprises 59 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Magara Kensetsu (真柄建設).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 1,280〜2,590万円 (approx. $85,333–$172,667 USD at ¥150/$).
Unit sizes range from 66.5–84.9 sqm (716–914 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥28.9万/sqm (approx. $1,925/sqm or $179/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakagawa Ku Nishinaka Shima 2 Choume 813 (名古屋市中川区西中島2丁目813), Aichi, Japan. It is a 22-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 25 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 59 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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