Overview of Raionzumanshon Kanayama Daini (ライオンズマンション金山第２)
Raionzumanshon Kanayama Daini (ライオンズマンション金山第２) is a 27-year-old condominium located at Nagoyashi Nakaku Iseyama 2 Choume 11-31 (名古屋市中区伊勢山2丁目11-31), Aichi, Japan. Built in 1999, it comprises 37 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Muranaka Kensetsu , Nittou Kensetsu (村中建設、 日東建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥43.0万/sqm (approx. $2,869/sqm or $267/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakaku Iseyama 2 Choume 11-31 (名古屋市中区伊勢山2丁目11-31), Aichi, Japan. It is a 5-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 27 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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