Overview of Raionzumanshon Kanazawa Bunko Daigo (ライオンズマンション金沢文庫第５)
Raionzumanshon Kanazawa Bunko Daigo (ライオンズマンション金沢文庫第５) is a 40-year-old condominium located at Yokohamashikanazawaku Teramae 2 Choume 23-9 (横浜市金沢区寺前2丁目23-9), Kanagawa, Japan. Built in 1986, it comprises 18 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi (淺沼組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥29.2万/sqm (approx. $1,947/sqm or $181/sqft).
Location & Neighborhood
The property is located at Yokohamashikanazawaku Teramae 2 Choume 23-9 (横浜市金沢区寺前2丁目23-9), Kanagawa, Japan. It is a 8-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 40 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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