Overview of Raionzumanshon Kawara Toori (ライオンズマンション川原通)
Raionzumanshon Kawara Toori (ライオンズマンション川原通) is a 44-year-old condominium located at Nagoyashi Shouwaku Kawara Toori 3 Choume 5 (名古屋市昭和区川原通3丁目5), Aichi, Japan. Built in 1982, it comprises 23 units in a Reinforced Concrete (RC) structure. It was constructed by Kabu Ki Kensetsu (株木建設).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 350〜1,522万円 (approx. $23,333–$101,467 USD at ¥150/$).
Unit sizes range from 22.3–70.2 sqm (240–756 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1R (Studio), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥18.7万/sqm (approx. $1,249/sqm or $116/sqft).
Location & Neighborhood
The property is located at Nagoyashi Shouwaku Kawara Toori 3 Choume 5 (名古屋市昭和区川原通3丁目5), Aichi, Japan. It is a 10-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 44 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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