Overview of Gurooriasu Ichinomiya (グローリアス一宮)
Gurooriasu Ichinomiya (グローリアス一宮) is a 38-year-old condominium located at Ichinomiya Shidai Miya 2 Choume 6-8 (一宮市大宮2丁目6-8), Aichi, Japan. Built in 1988, it comprises 16 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi (浅沼組).
Pricing & Floor Plans
Based on 5 past listings, prices have ranged from 890〜1,790万円 (approx. $59,333–$119,333 USD at ¥150/$).
Unit sizes range from 67.2–75.7 sqm (723–815 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Ichinomiya Shidai Miya 2 Choume 6-8 (一宮市大宮2丁目6-8), Aichi, 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 38 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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