Overview of Raionzumanshon Chiryuu Minami Ichiban Kan (ライオンズマンション知立南壱番館)
Raionzumanshon Chiryuu Minami Ichiban Kan (ライオンズマンション知立南壱番館) is a 38-year-old condominium located at Chiryuushi Tanita Machi Motobayashi 3 Choume 1-1 , 10 (知立市谷田町本林3丁目1-1、10), Aichi, Japan. Built in 1988, it comprises 111 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nishimatsu Kensetsu (西松建設).
Pricing & Floor Plans
Based on 37 past listings, prices have ranged from 980〜2,680万円 (approx. $65,333–$178,667 USD at ¥150/$).
Unit sizes range from 64.0–88.4 sqm (689–952 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥26.8万/sqm (approx. $1,785/sqm or $166/sqft).
Location & Neighborhood
The property is located at Chiryuushi Tanita Machi Motobayashi 3 Choume 1-1 , 10 (知立市谷田町本林3丁目1-1、10), 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.
Scale advantage: With 111 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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