Overview of Raionzumanshon Nishioka Saki (ライオンズマンション西岡崎)
Raionzumanshon Nishioka Saki (ライオンズマンション西岡崎) is a 33-year-old condominium located at Okazakishi Shouwachou Nakayashiki 20-4 (岡崎市昭和町中屋敷20-4), Aichi, Japan. Built in 1993, it comprises 73 units in a Reinforced Concrete (RC) structure. It was constructed by Hazamagumi (間組).
Pricing & Floor Plans
Based on 41 past listings, prices have ranged from 650〜1,980万円 (approx. $43,333–$132,000 USD at ¥150/$).
Unit sizes range from 58.8–87.2 sqm (633–939 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥24.3万/sqm (approx. $1,619/sqm or $150/sqft).
Location & Neighborhood
The property is located at Okazakishi Shouwachou Nakayashiki 20-4 (岡崎市昭和町中屋敷20-4), 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 33 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 73 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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