Overview of Erugurande Kariya Iisutouingu (エルグランデ刈谷イーストウィング)
Erugurande Kariya Iisutouingu (エルグランデ刈谷イーストウィング) is a 26-year-old condominium located at Kariyashi Nakajima Machi 1 Choume 36-1 (刈谷市中島町1丁目36-1), Aichi, Japan. Built in 2000, it comprises 143 units in a Reinforced Concrete (RC) structure. It was constructed by Kaku Bun Kensetsu (角文建設).
Pricing & Floor Plans
Based on 37 past listings, prices have ranged from 1,980〜3,100万円 (approx. $132,000–$206,667 USD at ¥150/$).
Unit sizes range from 98.1–185.3 sqm (1056–1995 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 4LLDDKK (4LLDDKK), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥22.9万/sqm (approx. $1,529/sqm or $142/sqft).
Location & Neighborhood
The property is located at Kariyashi Nakajima Machi 1 Choume 36-1 (刈谷市中島町1丁目36-1), Aichi, 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 26 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 143 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.
Analyze this property's fair price and negotiation room for free at RE:public.