Overview of Gurandooru Imabari San Ban Kan (グランドール今治参番館)
Gurandooru Imabari San Ban Kan (グランドール今治参番館) is a 31-year-old condominium located at Imabari Shi Kita Hiyoshichou 3 Choume 2-13 (今治市北日吉町3丁目2-13), Ehime, Japan. Built in 1995, it comprises 47 units in a Reinforced Concrete (RC) structure. It was constructed by Nishimatsu Kensetsu (西松建設).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 880〜1,850万円 (approx. $58,667–$123,333 USD at ¥150/$).
Unit sizes range from 59.7–90.4 sqm (643–973 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).
Estimated price per sqm: ¥19.3万/sqm (approx. $1,286/sqm or $119/sqft).
Location & Neighborhood
The property is located at Imabari Shi Kita Hiyoshichou 3 Choume 2-13 (今治市北日吉町3丁目2-13), Ehime, Japan. It is a 13-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 31 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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