Overview of Raionzumanshon Tomakomai Nishikichou (ライオンズマンション苫小牧錦町)
Raionzumanshon Tomakomai Nishikichou (ライオンズマンション苫小牧錦町) is a 35-year-old condominium located at Tomakomai Shi Nishikichou 2 Choume 6 (苫小牧市錦町2丁目6), Hokkaido, Japan. Built in 1991, it comprises 75 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hishi Naka Kensetsu (菱中建設).
Pricing & Floor Plans
Based on 35 past listings, prices have ranged from 380〜1,999万円 (approx. $25,333–$133,267 USD at ¥150/$).
Unit sizes range from 37.7–100.9 sqm (406–1086 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥12.8万/sqm (approx. $851/sqm or $79/sqft).
Location & Neighborhood
The property is located at Tomakomai Shi Nishikichou 2 Choume 6 (苫小牧市錦町2丁目6), Hokkaido, 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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 75 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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