Overview of Meinsuteeji Ikebukuro Honchou (メインステージ池袋本町)
Meinsuteeji Ikebukuro Honchou (メインステージ池袋本町) is a 35-year-old condominium located at Toyoshima Ku Ikebukuro Honchou 2 Choume 18-3 (豊島区池袋本町2丁目18-3), Tokyo, Japan. Built in 1991, it comprises 14 units in a Reinforced Concrete (RC) structure. It was constructed by Seiwa Kensetsu (聖和建設).
Pricing & Floor Plans
Based on 41 past listings, prices have ranged from 570〜1,580万円 (approx. $38,000–$105,333 USD at ¥150/$).
Unit sizes range from 14.9–23.8 sqm (160–256 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥63.2万/sqm (approx. $4,215/sqm or $392/sqft).
Location & Neighborhood
The property is located at Toyoshima Ku Ikebukuro Honchou 2 Choume 18-3 (豊島区池袋本町2丁目18-3), Tokyo, Japan. It is a 9-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 35 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.
Analyze this property's fair price and negotiation room for free at RE:public.