Overview of Raionzumanshon Masaki (ライオンズマンション正木)
Raionzumanshon Masaki (ライオンズマンション正木) is a 39-year-old condominium located at Nagoyashi Nakaku Masaki 1 Choume 2-31 (名古屋市中区正木1丁目2-31), Aichi, Japan. Built in 1987, it comprises 51 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Sugimoto Kumi (杉本組).
Pricing & Floor Plans
Based on 48 past listings, prices have ranged from 800〜2,488万円 (approx. $53,333–$165,867 USD at ¥150/$).
Unit sizes range from 43.0–77.9 sqm (463–839 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥29.3万/sqm (approx. $1,952/sqm or $181/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakaku Masaki 1 Choume 2-31 (名古屋市中区正木1丁目2-31), Aichi, Japan. It is a 8-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 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 51 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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