Overview of Sanpaaku Jouhoku (サンパーク城北)
Sanpaaku Jouhoku (サンパーク城北) is a 41-year-old condominium located at Nagoyashi Kitaku Shiga Minami Toori 2 Choume 50 (名古屋市北区志賀南通2丁目50), Aichi, Japan. Built in 1985, it comprises 19 units in a Reinforced Concrete (RC) structure. It was constructed by Nakano Kensetsu (中野建設).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 720〜2,990万円 (approx. $48,000–$199,333 USD at ¥150/$).
Unit sizes range from 41.1–76.2 sqm (442–820 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.0万/sqm (approx. $1,601/sqm or $149/sqft).
Location & Neighborhood
The property is located at Nagoyashi Kitaku Shiga Minami Toori 2 Choume 50 (名古屋市北区志賀南通2丁目50), Aichi, Japan. It is a 2-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 41 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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