Overview of Ooshimizu Paakuhoomuzu (大清水パークホームズ)
Ooshimizu Paakuhoomuzu (大清水パークホームズ) is a 27-year-old condominium located at Nagoyashi Midoriku Ooshimizu 1 Choume 1415 (名古屋市緑区大清水1丁目1415), Aichi, Japan. Built in 1999, it comprises 73 units in a Reinforced Concrete (RC) structure. It was constructed by Shimizukensetsu (清水建設).
Pricing & Floor Plans
Based on 15 past listings, prices have ranged from 1,600〜2,780万円 (approx. $106,667–$185,333 USD at ¥150/$).
Unit sizes range from 77.9–117.9 sqm (839–1269 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.4万/sqm (approx. $1,627/sqm or $151/sqft).
Location & Neighborhood
The property is located at Nagoyashi Midoriku Ooshimizu 1 Choume 1415 (名古屋市緑区大清水1丁目1415), 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.
Scale advantage: With 73 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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