Overview of Raionzumanshon Gorin (ライオンズマンション五輪)
Raionzumanshon Gorin (ライオンズマンション五輪) is a 41-year-old condominium located at Sendaishi Miyaginoku Gorin 2 Choume 1-5 (仙台市宮城野区五輪2丁目1-5), Miyagi, Japan. Built in 1985, it comprises 40 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 800〜1,998万円 (approx. $53,333–$133,200 USD at ¥150/$).
Unit sizes range from 52.5–75.8 sqm (565–816 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2DK (2-bedroom w/ dining-kitchen), 1R (Studio), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥21.6万/sqm (approx. $1,439/sqm or $134/sqft).
Location & Neighborhood
The property is located at Sendaishi Miyaginoku Gorin 2 Choume 1-5 (仙台市宮城野区五輪2丁目1-5), Miyagi, Japan. It is a 2-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 41 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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