Overview of Gorin Paakumanshon (五輪パークマンション)
Gorin Paakumanshon (五輪パークマンション) is a 41-year-old condominium located at Sendaishi Miyaginoku Gorin 2 Choume 9-12 (仙台市宮城野区五輪2丁目9-12), Miyagi, Japan. Built in 1985, it comprises 112 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toukaikougyou , Asanuma Kumi (東海興業、 浅沼組).
Pricing & Floor Plans
Based on 38 past listings, prices have ranged from 980〜2,490万円 (approx. $65,333–$166,000 USD at ¥150/$).
Unit sizes range from 61.6–83.6 sqm (663–900 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SDK (2-bedroom w/ dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥18.9万/sqm (approx. $1,259/sqm or $117/sqft).
Location & Neighborhood
The property is located at Sendaishi Miyaginoku Gorin 2 Choume 9-12 (仙台市宮城野区五輪2丁目9-12), Miyagi, 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 41 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 112 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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