Overview of Takara Manshon Inenaga (宝マンション稲永)
Takara Manshon Inenaga (宝マンション稲永) is a 24-year-old condominium located at Nagoyashi Minatoku Nishikichou 25-2 (名古屋市港区錦町25-2), Aichi, Japan. Built in 2002, it comprises 68 units in a Reinforced Concrete (RC) structure. It was constructed by Zenidaka Kumi (錢高組).
Pricing & Floor Plans
Based on 38 past listings, prices have ranged from 1,200〜2,490万円 (approx. $80,000–$166,000 USD at ¥150/$).
Unit sizes range from 68.9–84.4 sqm (742–908 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.2万/sqm (approx. $1,614/sqm or $150/sqft).
Location & Neighborhood
The property is located at Nagoyashi Minatoku Nishikichou 25-2 (名古屋市港区錦町25-2), 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.
Scale advantage: With 68 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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