Overview of Raionzumanshon Mizuho Kouen Daisan (ライオンズマンション瑞穂公園第３)
Raionzumanshon Mizuho Kouen Daisan (ライオンズマンション瑞穂公園第３) is a 43-year-old condominium located at Nagoyashi Mizuho Ku Tanabe Toori 6 Choume 25 (名古屋市瑞穂区田辺通6丁目25), Aichi, Japan. Built in 1983, it comprises 19 units in a Reinforced Concrete (RC) structure. It was constructed by Kounoike Kumi (鴻池組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥24.4万/sqm (approx. $1,629/sqm or $151/sqft).
Location & Neighborhood
The property is located at Nagoyashi Mizuho Ku Tanabe Toori 6 Choume 25 (名古屋市瑞穂区田辺通6丁目25), 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 43 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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