Overview of Raionzumanshon Tou Ki (ライオンズマンション橦木)
Raionzumanshon Tou Ki (ライオンズマンション橦木) is a 35-year-old condominium located at Nagoyashi Higashiku Izumi 3 Choume 1-2 (名古屋市東区泉3丁目1-2), Aichi, Japan. Built in 1991, it comprises 84 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Oobayashi Kumi (大林組).
Pricing & Floor Plans
Based on 107 past listings, prices have ranged from 400〜4,190万円 (approx. $26,667–$279,333 USD at ¥150/$).
Unit sizes range from 20.2–100.8 sqm (217–1085 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2K (2-bedroom w/ kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 1R (Studio), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥29.6万/sqm (approx. $1,970/sqm or $183/sqft).
Location & Neighborhood
The property is located at Nagoyashi Higashiku Izumi 3 Choume 1-2 (名古屋市東区泉3丁目1-2), 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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 84 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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