Overview of Koopu Nomura Ine Nishi (コープ野村稲西)
Koopu Nomura Ine Nishi (コープ野村稲西) is a 43-year-old condominium located at Nagoyashi Nakamuraku Ine Nishimachi 183 (名古屋市中村区稲西町183), Aichi, Japan. Built in 1983, it comprises 101 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Oobayashi Kumi (大林組).
Pricing & Floor Plans
Based on 61 past listings, prices have ranged from 800〜2,280万円 (approx. $53,333–$152,000 USD at ¥150/$).
Unit sizes range from 68.0–103.8 sqm (732–1117 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥18.2万/sqm (approx. $1,212/sqm or $113/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakamuraku Ine Nishimachi 183 (名古屋市中村区稲西町183), Aichi, Japan. It is a 26-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 43 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 101 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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