Overview of Raionzumanshon Yasuo Toori Dai 2 (ライオンズマンション康生通第2)
Raionzumanshon Yasuo Toori Dai 2 (ライオンズマンション康生通第2) is a 34-year-old condominium located at Nagoyashi Nishiku Kodama 3 Choume 40-38 (名古屋市西区児玉3丁目40-38), Aichi, Japan. Built in 1992, it comprises 45 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Muranaka Kensetsu (村中建設).
Pricing & Floor Plans
Based on 38 past listings, prices have ranged from 312〜2,690万円 (approx. $20,800–$179,333 USD at ¥150/$).
Unit sizes range from 23.2–74.2 sqm (250–799 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 1R (Studio), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.7万/sqm (approx. $1,315/sqm or $122/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nishiku Kodama 3 Choume 40-38 (名古屋市西区児玉3丁目40-38), Aichi, Japan. It is a 13-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.
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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