Overview of Shatoo Okazaki 3 Ban Kan (シャトー岡崎３番館)
Shatoo Okazaki 3 Ban Kan (シャトー岡崎３番館) is a 34-year-old condominium located at Okazakishi Oonishimachi Nita 36-1 (岡崎市大西町仁田36-1), Aichi, Japan. Built in 1992, it comprises 61 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Touyou Kensetsu , Nakamura Kensetsu (東洋建設、 中村建設).
Pricing & Floor Plans
Based on 36 past listings, prices have ranged from 980〜1,980万円 (approx. $65,333–$132,000 USD at ¥150/$).
Unit sizes range from 76.3–97.8 sqm (821–1053 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥16.0万/sqm (approx. $1,068/sqm or $99/sqft).
Location & Neighborhood
The property is located at Okazakishi Oonishimachi Nita 36-1 (岡崎市大西町仁田36-1), 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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 61 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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