Overview of Reinboo Izumi (レインボー泉)
Reinboo Izumi (レインボー泉) is a 37-year-old condominium located at Ichinomiya Shi Izumi 3 Choume 5-22 (一宮市泉3丁目5-22), Aichi, Japan. Built in 1989, it comprises 26 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nakamura Kougyou (中村工業).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥12.6万/sqm (approx. $839/sqm or $78/sqft).
Location & Neighborhood
The property is located at Ichinomiya Shi Izumi 3 Choume 5-22 (一宮市泉3丁目5-22), Aichi, Japan. It is a 17-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 37 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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