Overview of Gurandomezon Obata (グランドメゾン小幡)
Gurandomezon Obata (グランドメゾン小幡) is a 34-year-old condominium located at Nagoyashi Moriyamaku Obata Minami 1 Choume 5-8 (名古屋市守山区小幡南1丁目5-8), Aichi, Japan. Built in 1992, it comprises 22 units in a Reinforced Concrete (RC) structure. It was constructed by Sekisuihausu (積水ハウス).
Pricing & Floor Plans
Based on 12 past listings, prices have ranged from 1,200〜2,780万円 (approx. $80,000–$185,333 USD at ¥150/$).
Unit sizes range from 73.1–86.0 sqm (787–926 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.7万/sqm (approx. $1,844/sqm or $171/sqft).
Location & Neighborhood
The property is located at Nagoyashi Moriyamaku Obata Minami 1 Choume 5-8 (名古屋市守山区小幡南1丁目5-8), Aichi, Japan. It is a 5-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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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