Overview of Raionzumanshon Iwatsuka B Tou (ライオンズマンション岩塚Ｂ棟)
Raionzumanshon Iwatsuka B Tou (ライオンズマンション岩塚Ｂ棟) is a 40-year-old condominium located at Nagoyashi Nakamuraku Don Ike Machi 2 Choume 53 (名古屋市中村区鈍池町2丁目53), Aichi, Japan. Built in 1986, it comprises 126 units in a Reinforced Concrete (RC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Based on 10 past listings, prices have ranged from 1,480〜2,290万円 (approx. $98,667–$152,667 USD at ¥150/$).
Unit sizes range from 64.5–79.5 sqm (694–856 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Nagoyashi Nakamuraku Don Ike Machi 2 Choume 53 (名古屋市中村区鈍池町2丁目53), Aichi, Japan. It is a 6-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 40 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 126 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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