Overview of Reinboo Kita Yama (レインボー喜多山)
Reinboo Kita Yama (レインボー喜多山) is a 26-year-old condominium located at Nagoyashi Moriyamaku Kita Yama 2 Choume 23-7 (名古屋市守山区喜多山2丁目23-7), Aichi, Japan. Built in 2000, it comprises 36 units in a Reinforced Concrete (RC) structure. It was constructed by Kondou Kumi (近藤組).
Pricing & Floor Plans
Based on 11 past listings, prices have ranged from 1,500〜2,200万円 (approx. $100,000–$146,667 USD at ¥150/$).
Unit sizes range from 81.4–90.9 sqm (876–978 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.1万/sqm (approx. $1,605/sqm or $149/sqft).
Location & Neighborhood
The property is located at Nagoyashi Moriyamaku Kita Yama 2 Choume 23-7 (名古屋市守山区喜多山2丁目23-7), Aichi, Japan. It is a 7-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 26 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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