Overview of Erugurande Kasugai (エルグランデ春日井)
Erugurande Kasugai (エルグランデ春日井) is a 42-year-old condominium located at Kasugai Shichou Kyo Matsu Machi 7 Choume 38-1 (春日井市鳥居松町7丁目38-1), Aichi, Japan. Built in 1984, it comprises 14 units in a Reinforced Concrete (RC) structure. It was constructed by Fuji Kou (富士工).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 580〜1,200万円 (approx. $38,667–$80,000 USD at ¥150/$).
Unit sizes range from 53.4–63.1 sqm (575–679 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥14.8万/sqm (approx. $984/sqm or $91/sqft).
Location & Neighborhood
The property is located at Kasugai Shichou Kyo Matsu Machi 7 Choume 38-1 (春日井市鳥居松町7丁目38-1), Aichi, Japan. It is a 15-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 42 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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