Overview of Gurankooto Kita Yama (グランコート喜多山)
Gurankooto Kita Yama (グランコート喜多山) is a 25-year-old condominium located at Nagoyashi Moriyamaku Nohagi Machi 2-4 (名古屋市守山区野萩町2-4), Aichi, Japan. Built in 2001, it comprises 22 units in a Reinforced Concrete (RC) structure. It was constructed by Nippon Kensetsu (日本建設).
Pricing & Floor Plans
Based on 21 past listings, prices have ranged from 1,580〜3,380万円 (approx. $105,333–$225,333 USD at ¥150/$).
Unit sizes range from 74.2–87.6 sqm (799–943 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), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥29.1万/sqm (approx. $1,939/sqm or $180/sqft).
Location & Neighborhood
The property is located at Nagoyashi Moriyamaku Nohagi Machi 2-4 (名古屋市守山区野萩町2-4), 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 25 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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