Overview of Raionzumanshon Mukaiyama (ライオンズマンション向山)
Raionzumanshon Mukaiyama (ライオンズマンション向山) is a 37-year-old condominium located at Toyohashishi Tsutsujiga Oka 1 Choume 5-5 (豊橋市つつじが丘1丁目5-5), Aichi, Japan. Built in 1989, it comprises 37 units in a Reinforced Concrete (RC) structure. It was constructed by Okada Kensetsu (岡田建設).
Pricing & Floor Plans
Based on 15 past listings, prices have ranged from 880〜1,830万円 (approx. $58,667–$122,000 USD at ¥150/$).
Unit sizes range from 65.8–80.5 sqm (708–866 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), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥25.6万/sqm (approx. $1,705/sqm or $158/sqft).
Location & Neighborhood
The property is located at Toyohashishi Tsutsujiga Oka 1 Choume 5-5 (豊橋市つつじが丘1丁目5-5), Aichi, Japan. It is a 9-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 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.
Analyze this property's fair price and negotiation room for free at RE:public.