Overview of Gurashion Sanchuu (グラシオン山中)
Gurashion Sanchuu (グラシオン山中) is a 34-year-old condominium located at Nagoyashi Shouwaku Sanchuu Machi 2 Choume 23-1 (名古屋市昭和区山中町2丁目23-1), Aichi, Japan. Built in 1992, it comprises 11 units in a Reinforced Concrete (RC) structure. It was constructed by Toda Kensetsu , Hazamagumi (戸田建設、 間組).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 2,999〜6,180万円 (approx. $199,933–$412,000 USD at ¥150/$).
Unit sizes range from 130.8–157.6 sqm (1408–1696 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.2万/sqm (approx. $1,544/sqm or $143/sqft).
Location & Neighborhood
The property is located at Nagoyashi Shouwaku Sanchuu Machi 2 Choume 23-1 (名古屋市昭和区山中町2丁目23-1), Aichi, Japan. It is a 7-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.
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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