Overview of Mitsuiroiyaru Oosato Ekimae 2 (ミツイロイヤル大里駅前２)
Mitsuiroiyaru Oosato Ekimae 2 (ミツイロイヤル大里駅前２) is a 29-year-old condominium located at Inazawa Ichibi Kabu Nishimachi 2 Choume 70-1 (稲沢市日下部西町2丁目70-1), Aichi, Japan. Built in 1997, it comprises 34 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toku Kura Kensetsu (徳倉建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥18.9万/sqm (approx. $1,261/sqm or $117/sqft).
Location & Neighborhood
The property is located at Inazawa Ichibi Kabu Nishimachi 2 Choume 70-1 (稲沢市日下部西町2丁目70-1), Aichi, Japan. It is a 1-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 29 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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