Overview of Sanraifumanshon Izumi (サンライフマンション泉)
Sanraifumanshon Izumi (サンライフマンション泉) is a 45-year-old condominium located at Nagoyashi Higashiku Izumi 1 Choume 6-13 (名古屋市東区泉1丁目6-13), Aichi, Japan. Built in 1981, it comprises 21 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Sugimoto Kensetsu (杉本建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥26.8万/sqm (approx. $1,788/sqm or $166/sqft).
Location & Neighborhood
The property is located at Nagoyashi Higashiku Izumi 1 Choume 6-13 (名古屋市東区泉1丁目6-13), Aichi, Japan. It is a 7-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 45 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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