Overview of Takara Manshon Kanayama Uesuto (宝マンション金山ウエスト)
Takara Manshon Kanayama Uesuto (宝マンション金山ウエスト) is a 24-year-old condominium located at Nagoyashi Nakagawa Ku Yaguma 1 Choume 6-16 (名古屋市中川区八熊1丁目6-16), Aichi, Japan. Built in 2002, it comprises 26 units in a Reinforced Concrete (RC) structure. It was constructed by Sugimoto Kumi (杉本組).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 2,050〜3,599万円 (approx. $136,667–$239,933 USD at ¥150/$).
Unit sizes range from 82.9–102.2 sqm (892–1100 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: ¥38.2万/sqm (approx. $2,545/sqm or $236/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakagawa Ku Yaguma 1 Choume 6-16 (名古屋市中川区八熊1丁目6-16), Aichi, Japan. It is a 9-minute walk to the nearest station. This is considered good station access by Japanese standards.
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.
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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