Overview of Raionzumanshon Okazaki Tozaki Machi (ライオンズマンション岡崎戸崎町)
Raionzumanshon Okazaki Tozaki Machi (ライオンズマンション岡崎戸崎町) is a 30-year-old condominium located at Okazakishi Tozaki Machi Itchou Ta 34-1 (岡崎市戸崎町一丁田34-1), Aichi, Japan. Built in 1996, it comprises 28 units in a Reinforced Concrete (RC) structure. It was constructed by Dai Matsu Kensetsu (大末建設).
Pricing & Floor Plans
Based on 8 past listings, prices have ranged from 1,380〜2,180万円 (approx. $92,000–$145,333 USD at ¥150/$).
Unit sizes range from 69.0–85.5 sqm (743–920 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.4万/sqm (approx. $1,629/sqm or $151/sqft).
Location & Neighborhood
The property is located at Okazakishi Tozaki Machi Itchou Ta 34-1 (岡崎市戸崎町一丁田34-1), Aichi, Japan. It is a 15-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 30 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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