Overview of Raionzugaaden Higashiokazaki Ni Ban Kan (ライオンズガーデン東岡崎弐番館)
Raionzugaaden Higashiokazaki Ni Ban Kan (ライオンズガーデン東岡崎弐番館) is a 27-year-old condominium located at Okazakishi Meidai Teramachi Naka Ke Nyuu 19 (岡崎市明大寺町仲ケ入19), Aichi, Japan. Built in 1999, it comprises 46 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Andou Kensetsu (安藤建設).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 1,490〜2,980万円 (approx. $99,333–$198,667 USD at ¥150/$).
Unit sizes range from 74.9–90.7 sqm (806–976 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥26.0万/sqm (approx. $1,733/sqm or $161/sqft).
Location & Neighborhood
The property is located at Okazakishi Meidai Teramachi Naka Ke Nyuu 19 (岡崎市明大寺町仲ケ入19), Aichi, 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 27 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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