Overview of Gurandomezon Tokugawa Higashi (グランドメゾン徳川東)
Gurandomezon Tokugawa Higashi (グランドメゾン徳川東) is a 34-year-old condominium located at Nagoyashi Higashiku Dekimachi 1 Choume 9-9 (名古屋市東区出来町1丁目9-9), Aichi, Japan. Built in 1992, it comprises 54 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Sekisuihausu , Mitsuikensetsu , Kikuta Koumuten (積水ハウス、 三井建設、 菊田工務店).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 1,980〜5,600万円 (approx. $132,000–$373,333 USD at ¥150/$).
Unit sizes range from 59.8–96.0 sqm (644–1033 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥55.5万/sqm (approx. $3,697/sqm or $343/sqft).
Location & Neighborhood
The property is located at Nagoyashi Higashiku Dekimachi 1 Choume 9-9 (名古屋市東区出来町1丁目9-9), Aichi, Japan. It is a 10-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 54 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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