Overview of Gurandomezon Obata Minami (グランドメゾン小幡南)
Gurandomezon Obata Minami (グランドメゾン小幡南) is a 32-year-old condominium located at Nagoyashi Moriyamaku Obata Tsune Tou 2-13 (名古屋市守山区小幡常燈2-13), Aichi, Japan. Built in 1994, it comprises 55 units in a Reinforced Concrete (RC) structure. It was constructed by Touyou Kensetsu (東洋建設).
Pricing & Floor Plans
Based on 44 past listings, prices have ranged from 1,200〜2,700万円 (approx. $80,000–$180,000 USD at ¥150/$).
Unit sizes range from 56.2–80.2 sqm (605–863 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥28.4万/sqm (approx. $1,894/sqm or $176/sqft).
Location & Neighborhood
The property is located at Nagoyashi Moriyamaku Obata Tsune Tou 2-13 (名古屋市守山区小幡常燈2-13), Aichi, Japan. It is a 7-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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 55 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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