Overview of Raionzumanshon Motoyagoto (ライオンズマンション元八事)
Raionzumanshon Motoyagoto (ライオンズマンション元八事) is a 44-year-old condominium located at Nagoyashi Tenhakuku Motoyagoto 5 Choume 68 (名古屋市天白区元八事5丁目68), Aichi, Japan. Built in 1982, it comprises 18 units in a Reinforced Concrete (RC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 980〜1,699万円 (approx. $65,333–$113,267 USD at ¥150/$).
Unit sizes range from 66.7–76.7 sqm (718–826 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥21.6万/sqm (approx. $1,441/sqm or $134/sqft).
Location & Neighborhood
The property is located at Nagoyashi Tenhakuku Motoyagoto 5 Choume 68 (名古屋市天白区元八事5丁目68), 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 44 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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