Overview of Sanhaitsu Shiroyama Paaku 1 E Tou (サンハイツ城山パーク１Ｅ棟)
Sanhaitsu Shiroyama Paaku 1 E Tou (サンハイツ城山パーク１Ｅ棟) is a 34-year-old condominium located at Komaki Shi Shiroyama 3 Choume 17-1 (小牧市城山3丁目17-1), Aichi, Japan. Built in 1992, it comprises 48 units in a Steel Reinforced Concrete (SRC) structure.
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥10.6万/sqm (approx. $707/sqm or $66/sqft).
Location & Neighborhood
The property is located at Komaki Shi Shiroyama 3 Choume 17-1 (小牧市城山3丁目17-1), 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 34 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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