Overview of Akushiizu Ichinomiya 1 Ban Kan (アクシーズ一宮１番館)
Akushiizu Ichinomiya 1 Ban Kan (アクシーズ一宮１番館) is a 30-year-old condominium located at Ichinomiya Shi Hachiman 4 Choume 1-68 (一宮市八幡4丁目1-68), Aichi, Japan. Built in 1996, it comprises 86 units in a Reinforced Concrete (RC) structure. It was constructed by Toure Kensetsu (東レ建設).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 1,250〜2,390万円 (approx. $83,333–$159,333 USD at ¥150/$).
Unit sizes range from 69.5–87.7 sqm (748–944 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: ¥28.0万/sqm (approx. $1,867/sqm or $173/sqft).
Location & Neighborhood
The property is located at Ichinomiya Shi Hachiman 4 Choume 1-68 (一宮市八幡4丁目1-68), Aichi, 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 30 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 86 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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