Overview of Toride Kouen Paakumanshon (砦公園パークマンション)
Toride Kouen Paakumanshon (砦公園パークマンション) is a 44-year-old condominium located at Nagoyashi Midoriku Narumi Machi 17 (名古屋市緑区鳴海町17), Aichi, Japan. Built in 1982, it comprises 35 units in a Reinforced Concrete (RC) structure. It was constructed by Mitsuikensetsu (三井建設).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 980〜1,950万円 (approx. $65,333–$130,000 USD at ¥150/$).
Unit sizes range from 68.0–91.8 sqm (732–988 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥17.4万/sqm (approx. $1,162/sqm or $108/sqft).
Location & Neighborhood
The property is located at Nagoyashi Midoriku Narumi Machi 17 (名古屋市緑区鳴海町17), Aichi, Japan. It is a 11-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 44 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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