Overview of Takara Manshon Denmachou (宝マンション伝馬町)
Takara Manshon Denmachou (宝マンション伝馬町) is a 28-year-old condominium located at Nagoyashi Atsuta Ku Tenma 3 Choume 7-9 (名古屋市熱田区伝馬3丁目7-9), Aichi, Japan. Built in 1998, it comprises 74 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Magara Kensetsu (真柄建設).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 1,460〜2,780万円 (approx. $97,333–$185,333 USD at ¥150/$).
Unit sizes range from 68.0–80.9 sqm (732–871 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: ¥27.5万/sqm (approx. $1,836/sqm or $171/sqft).
Location & Neighborhood
The property is located at Nagoyashi Atsuta Ku Tenma 3 Choume 7-9 (名古屋市熱田区伝馬3丁目7-9), Aichi, Japan. It is a 6-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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 74 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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