Overview of Gurandooru Onomichi Ni Ban Kan (グランドール尾道弐番館)
Gurandooru Onomichi Ni Ban Kan (グランドール尾道弐番館) is a 31-year-old condominium located at Onomichi Shi Kurihara Nishi 2 Choume 5-1 (尾道市栗原西2丁目5-1), Hiroshima, Japan. Built in 1995, it comprises 60 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 34 past listings, prices have ranged from 800〜1,850万円 (approx. $53,333–$123,333 USD at ¥150/$).
Unit sizes range from 58.9–77.0 sqm (634–829 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Onomichi Shi Kurihara Nishi 2 Choume 5-1 (尾道市栗原西2丁目5-1), Hiroshima, 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.
Scale advantage: With 60 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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