Overview of Raionzumanshon Toyokawa Hagiyama (ライオンズマンション豊川萩山)
Raionzumanshon Toyokawa Hagiyama (ライオンズマンション豊川萩山) is a 38-year-old condominium located at Toyokawa Shi Hagiyama Machi 3 Choume 75 (豊川市萩山町3丁目75), Aichi, Japan. Built in 1988, it comprises 18 units in a Reinforced Concrete (RC) structure. It was constructed by Okada Kensetsu (岡田建設).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 860〜1,399万円 (approx. $57,333–$93,267 USD at ¥150/$).
Unit sizes range from 63.9–83.0 sqm (688–893 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥12.9万/sqm (approx. $862/sqm or $80/sqft).
Location & Neighborhood
The property is located at Toyokawa Shi Hagiyama Machi 3 Choume 75 (豊川市萩山町3丁目75), 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 38 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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