Overview of Toumei Rekkusumanshon (東名レックスマンション)
Toumei Rekkusumanshon (東名レックスマンション) is a 52-year-old condominium located at Nagoyashi Meitou Ku Hime Jaku Machi 9 (名古屋市名東区姫若町9), Aichi, Japan. Built in 1974, it comprises 48 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Katsumura Kensetsu (勝村建設).
Pricing & Floor Plans
Based on 71 past listings, prices have ranged from 670〜2,070万円 (approx. $44,667–$138,000 USD at ¥150/$).
Unit sizes range from 73.9–86.6 sqm (795–932 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 5DK (5-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥15.1万/sqm (approx. $1,005/sqm or $93/sqft).
Location & Neighborhood
The property is located at Nagoyashi Meitou Ku Hime Jaku Machi 9 (名古屋市名東区姫若町9), Aichi, Japan. It is a 8-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Seismic standards: Built in 1974, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 52 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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