Overview of Famiiruribaagaaden Itsukaichi Ekimae (ファミールリバーガーデン五日市駅前)
Famiiruribaagaaden Itsukaichi Ekimae (ファミールリバーガーデン五日市駅前) is a 24-year-old condominium located at Hiroshima Shi Saekiku Itsukaichi Ekimae 1 Choume 8-11 (広島市佐伯区五日市駅前1丁目8-11), Hiroshima, Japan. Built in 2002, it comprises 108 units in a Reinforced Concrete (RC) structure. It was constructed by Matsumura Kumi (松村組).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 2,380〜3,890万円 (approx. $158,667–$259,333 USD at ¥150/$).
Unit sizes range from 88.1–99.1 sqm (948–1067 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥33.9万/sqm (approx. $2,260/sqm or $210/sqft).
Location & Neighborhood
The property is located at Hiroshima Shi Saekiku Itsukaichi Ekimae 1 Choume 8-11 (広島市佐伯区五日市駅前1丁目8-11), Hiroshima, Japan. It is a 5-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 24 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 108 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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