Overview of Raionzumanshon Kawana (ライオンズマンション川名)
Raionzumanshon Kawana (ライオンズマンション川名) is a 45-year-old condominium located at Nagoyashi Shouwaku Yasuda Toori 6 Choume 7-1 (名古屋市昭和区安田通6丁目7-1), Aichi, Japan. Built in 1981, it comprises 17 units in a Reinforced Concrete (RC) structure. It was constructed by Hazamagumi (間組).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 980〜2,280万円 (approx. $65,333–$152,000 USD at ¥150/$).
Unit sizes range from 61.7–72.3 sqm (664–778 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.7万/sqm (approx. $1,847/sqm or $172/sqft).
Location & Neighborhood
The property is located at Nagoyashi Shouwaku Yasuda Toori 6 Choume 7-1 (名古屋市昭和区安田通6丁目7-1), 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 45 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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