Overview of Raionzumanshon Meieki Nishi (ライオンズマンション名駅西)
Raionzumanshon Meieki Nishi (ライオンズマンション名駅西) is a 34-year-old condominium located at Nagoyashi Nakamuraku Kame Shima 2 Choume 24-20 (名古屋市中村区亀島2丁目24-20), Aichi, Japan. Built in 1992, it comprises 50 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Zenidaka Kumi (銭高組).
Pricing & Floor Plans
Based on 27 past listings, prices have ranged from 580〜1,100万円 (approx. $38,667–$73,333 USD at ¥150/$).
Unit sizes range from 21.1–49.6 sqm (227–534 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 1R (Studio).
Estimated price per sqm: ¥33.4万/sqm (approx. $2,227/sqm or $207/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakamuraku Kame Shima 2 Choume 24-20 (名古屋市中村区亀島2丁目24-20), Aichi, Japan. It is a 6-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 50 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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