Overview of Raionzumanshon Hakodate Yu No Kawa Daini (ライオンズマンション函館湯の川第２)
Raionzumanshon Hakodate Yu No Kawa Daini (ライオンズマンション函館湯の川第２) is a 34-year-old condominium located at Hakodate Shi Yunokawachou 3 Choume 9-23 (函館市湯川町3丁目9-23), Hokkaido, Japan. Built in 1992, it comprises 116 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toukaikougyou , Maeda Kensetsu Kougyou (東海興業、 前田建設工業).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥15.9万/sqm (approx. $1,060/sqm or $98/sqft).
Location & Neighborhood
The property is located at Hakodate Shi Yunokawachou 3 Choume 9-23 (函館市湯川町3丁目9-23), Hokkaido, Japan. It is a 11-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 116 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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