Overview of Guranreimu Jimokuji 5 (グランレイム甚目寺５)
Guranreimu Jimokuji 5 (グランレイム甚目寺５) is a 29-year-old condominium located at Ama Shi Jimokuji Okita 45 (あま市甚目寺沖田45), Aichi, Japan. Built in 1997, it comprises 20 units in a Reinforced Concrete (RC) structure. It was constructed by Toku Kura Kensetsu (徳倉建設).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 840〜1,480万円 (approx. $56,000–$98,667 USD at ¥150/$).
Unit sizes range from 67.5–83.1 sqm (727–894 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), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Ama Shi Jimokuji Okita 45 (あま市甚目寺沖田45), Aichi, Japan. It is a 16-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 29 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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