Overview of Ookeezu Toyoda Nishi Raviru San Ban Kan (オーケーズ豊田西ラヴィル参番館)
Ookeezu Toyoda Nishi Raviru San Ban Kan (オーケーズ豊田西ラヴィル参番館) is a 27-year-old condominium located at Toyotashi Kakimoto Machi 2 Choume 7-6 (豊田市柿本町2丁目7-6), Aichi, Japan. Built in 1999, it comprises 47 units in a Reinforced Concrete (RC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 5 past listings, prices have ranged from 1,380〜2,398万円 (approx. $92,000–$159,867 USD at ¥150/$).
Unit sizes range from 70.5–84.0 sqm (759–904 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: ¥24.2万/sqm (approx. $1,615/sqm or $150/sqft).
Location & Neighborhood
The property is located at Toyotashi Kakimoto Machi 2 Choume 7-6 (豊田市柿本町2丁目7-6), Aichi, Japan. It is a 28-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 27 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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