Overview of Gurandooru Imabari Ni Ban Kan (グランドール今治弐番館)
Gurandooru Imabari Ni Ban Kan (グランドール今治弐番館) is a 30-year-old condominium located at Imabari Shi Izumikawa Machi 1 Choume 2-17 (今治市泉川町1丁目2-17), Ehime, Japan. Built in 1996, it comprises 45 units in a Reinforced Concrete (RC) structure. It was constructed by Nakaoka Kumi Matsuyama Shiten , Nishimatsu Kensetsuchuu Kuni Shiten (中岡組松山支店、西松建設中国支店).
Pricing & Floor Plans
Based on 36 past listings, prices have ranged from 880〜1,880万円 (approx. $58,667–$125,333 USD at ¥150/$).
Unit sizes range from 58.3–86.3 sqm (628–929 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥22.3万/sqm (approx. $1,489/sqm or $138/sqft).
Location & Neighborhood
The property is located at Imabari Shi Izumikawa Machi 1 Choume 2-17 (今治市泉川町1丁目2-17), Ehime, Japan. It is a 10-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 30 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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