Overview of Shatore Ai Matsu Tsushima (シャトレ愛松津島)
Shatore Ai Matsu Tsushima (シャトレ愛松津島) is a 33-year-old condominium located at Tsushima Shi Shiroyamamachi 2 Choume 150-1 (津島市城山町2丁目150-1), Aichi, Japan. Built in 1993, it comprises 49 units in a Reinforced Concrete (RC) structure. It was constructed by Magara Kensetsu (真柄建設).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 500〜1,298万円 (approx. $33,333–$86,533 USD at ¥150/$).
Unit sizes range from 66.5–77.7 sqm (716–836 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥13.7万/sqm (approx. $911/sqm or $85/sqft).
Location & Neighborhood
The property is located at Tsushima Shi Shiroyamamachi 2 Choume 150-1 (津島市城山町2丁目150-1), Aichi, Japan. It is a 12-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 33 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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