Overview of Tori Ken Paakumanshon Ichiban Machi (鳥見パークマンション一番街)
Tori Ken Paakumanshon Ichiban Machi (鳥見パークマンション一番街) is a 37-year-old condominium located at Nagoyashi Nishiku Sasazuka Machi 1 Choume 50 (名古屋市西区笹塚町1丁目50), Aichi, Japan. Built in 1989, it comprises 90 units in a Reinforced Concrete (RC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 1,350〜2,690万円 (approx. $90,000–$179,333 USD at ¥150/$).
Unit sizes range from 62.3–96.3 sqm (671–1037 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥30.6万/sqm (approx. $2,037/sqm or $189/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nishiku Sasazuka Machi 1 Choume 50 (名古屋市西区笹塚町1丁目50), 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 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 90 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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