Overview of Gurandomezon Minami Mizuho (グランドメゾン南瑞穂)
Gurandomezon Minami Mizuho (グランドメゾン南瑞穂) is a 23-year-old condominium located at Nagoyashi Mizuho Ku Yatomi Toori 2 Choume 37-1 (名古屋市瑞穂区弥富通2丁目37-1), Aichi, Japan. Built in 2003, it comprises 31 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Odakyuu Kensetsu (小田急建設).
Pricing & Floor Plans
Based on 4 past listings, prices have ranged from 2,980〜3,970万円 (approx. $198,667–$264,667 USD at ¥150/$).
Unit sizes range from 76.2–96.2 sqm (820–1035 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Nagoyashi Mizuho Ku Yatomi Toori 2 Choume 37-1 (名古屋市瑞穂区弥富通2丁目37-1), Aichi, Japan. It is a 8-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 23 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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