Overview of Gureisu Konishi (グレイス小西)
Gureisu Konishi (グレイス小西) is a 33-year-old condominium located at Nagoyashi Minatoku Shou Ga Su 4 Choume 404-1 (名古屋市港区小賀須4丁目404-1), Aichi, Japan. Built in 1993, it comprises 15 units in a Reinforced Concrete (RC) structure. It was constructed by Ootake Kumi (大竹組).
Pricing & Floor Plans
Based on 9 past listings, prices have ranged from 790〜1,290万円 (approx. $52,667–$86,000 USD at ¥150/$).
Unit sizes range from 59.2–65.4 sqm (637–704 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Nagoyashi Minatoku Shou Ga Su 4 Choume 404-1 (名古屋市港区小賀須4丁目404-1), Aichi, Japan. It is a 4-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 33 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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