Overview of Raionzumanshon Izumi Daini (ライオンズマンション泉第２)
Raionzumanshon Izumi Daini (ライオンズマンション泉第２) is a 35-year-old condominium located at Nagoyashi Higashiku Izumi 2 Choume 17-10 (名古屋市東区泉2丁目17-10), Aichi, Japan. Built in 1991, it comprises 40 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toukyuukensetsu (東急建設).
Pricing & Floor Plans
Based on 55 past listings, prices have ranged from 525〜990万円 (approx. $35,000–$66,000 USD at ¥150/$).
Unit sizes range from 21.2–25.6 sqm (228–276 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥31.9万/sqm (approx. $2,125/sqm or $197/sqft).
Location & Neighborhood
The property is located at Nagoyashi Higashiku Izumi 2 Choume 17-10 (名古屋市東区泉2丁目17-10), Aichi, Japan. It is a 5-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 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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