Overview of Meitsu Yokkaichi (メイツ四日市)
Meitsu Yokkaichi (メイツ四日市) is a 35-year-old condominium located at Yokkaichi Shi Nishimatsu Honchou 2-8 (四日市市西松本町2-8), Mie, Japan. Built in 1991, it comprises 121 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toukyuukensetsu (東急建設).
Pricing & Floor Plans
Based on 52 past listings, prices have ranged from 890〜1,799万円 (approx. $59,333–$119,933 USD at ¥150/$).
Unit sizes range from 64.6–85.0 sqm (695–915 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 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), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥20.3万/sqm (approx. $1,352/sqm or $126/sqft).
Location & Neighborhood
The property is located at Yokkaichi Shi Nishimatsu Honchou 2-8 (四日市市西松本町2-8), Mie, Japan. It is a 5-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 121 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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