Overview of Guran・kooto Ajima (グラン・コート味鋺)
Guran・kooto Ajima (グラン・コート味鋺) is a 29-year-old condominium located at Nagoyashi Kitaku Nishi Ajima 1 Choume 520 (名古屋市北区西味鋺1丁目520), Aichi, Japan. Built in 1997, it comprises 33 units in a Reinforced Concrete (RC) structure. It was constructed by Daihoukensetsu (大豊建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥22.6万/sqm (approx. $1,506/sqm or $140/sqft).
Location & Neighborhood
The property is located at Nagoyashi Kitaku Nishi Ajima 1 Choume 520 (名古屋市北区西味鋺1丁目520), Aichi, Japan. It is a 21-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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