Overview of Gurandomezon Yokkaichi (グランドメゾン四日市)
Gurandomezon Yokkaichi (グランドメゾン四日市) is a 35-year-old condominium located at Yokkaichi Shi Kitahama Tamachi 11-21 (四日市市北浜田町11-21), Mie, Japan. Built in 1991, it comprises 114 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Sekisuihausu (積水ハウス).
Pricing & Floor Plans
Based on 70 past listings, prices have ranged from 1,000〜2,698万円 (approx. $66,667–$179,867 USD at ¥150/$).
Unit sizes range from 62.2–79.2 sqm (670–853 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.8万/sqm (approx. $1,585/sqm or $147/sqft).
Location & Neighborhood
The property is located at Yokkaichi Shi Kitahama Tamachi 11-21 (四日市市北浜田町11-21), Mie, Japan. It is a 9-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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 114 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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