Overview of Nabishitei Toyohashi 1 (ナビシティ豊橋１)
Nabishitei Toyohashi 1 (ナビシティ豊橋１) is a 35-year-old condominium located at Toyohashishi Hane Imachi 98-1 (豊橋市羽根井町98-1), Aichi, Japan. Built in 1991, it comprises 30 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Ono Koumuten (小野工務店).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥19.7万/sqm (approx. $1,313/sqm or $122/sqft).
Location & Neighborhood
The property is located at Toyohashishi Hane Imachi 98-1 (豊橋市羽根井町98-1), Aichi, Japan. It is a 13-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 35 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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