Overview of Famiiru Kariya (ファミール刈谷)
Famiiru Kariya (ファミール刈谷) is a 32-year-old condominium located at Kariyashi Hirokouji 5 Choume 18-2 (刈谷市広小路5丁目18-2), Aichi, Japan. Built in 1994, it comprises 45 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kashima Kensetsu (鹿島建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥27.4万/sqm (approx. $1,823/sqm or $169/sqft).
Location & Neighborhood
The property is located at Kariyashi Hirokouji 5 Choume 18-2 (刈谷市広小路5丁目18-2), Aichi, Japan. It is a 4-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 32 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.
Analyze this property's fair price and negotiation room for free at RE:public.